Trading software provider NYFIX has integrated NYFIX ioinet, its indications of interest tool, with Marquee, a real-time news and quotes platform from financial data and software firm FactSet Research Systems.
NYFIX ioinet gives traders filtering and alerting capabilities that keep them informed of opportunities in stocks they are looking to trade.
The combination of ioinet with Marquee will provide clients with a consolidated real-time view of portfolio and trading analytics. According to NYFIX, the inclusion of ioinet on Marquee will enable its users to get to the market sooner with their investment decisions and overcome the challenges of finding block liquidity in fragmented markets.
“We have been looking for ways to streamline our workflow and are excited that we can now leverage the capabilities of NYFIX’s liquidity discovery tools from inside FactSet,” commented Kirk Allen, head trader at NWQ Investment Management. “It’s an advantage to be able to research and implement our strategies from a single platform.”
“Combining FactSet’s leading portfolio analytics with our electronic trading tools will give clients a competitive advantage by enabling them to quickly and efficiently research and implement their investment and trading strategies,” added Paul Scott, global head of the IOI business at NYFIX.