Market participants in Europe and Asia can now choose to trade with both local and global participants, using a new service offered by NYSE Technologies, the commercial technology arm of exchange group NYSE Euronext.
NYSE Technologies has added regional routing abilities to its capital markets community platform and FIX order routing technology, giving users the ability to trade within their local markets while having the option to use NYSE Technologies’ global network and trading community when needed.
Each regional installation is fully operated by NYSE Technologies and connected to its FIX-based global infrastructure, Marketplace. The service is designed to let users broaden their transaction strategies globally by using the same regional connections to access the NYSE Technologies capital markets community through its global liquidity centres, secure financial transaction infrastructure network and capital markets community platform. NYSE Technologies claims that its Marketplace offering is the first FIX-based trading community to offer such flexible order routing abilities.
“As the first to build and deploy a solution that acts locally but readily extends globally, we can offer customers a centralised, regionally focused service that leverages our global infrastructure to adapt and grow as our client needs require,” said Scott Fitzpatrick, vice president, NYSE Technologies. “We are excited to deliver a service that encourages local trading yet is still flexible enough to accommodate global aspirations at a low cost with nearly immediate turnaround.”
Parent company NYSE Euronext has been building up NYSE Technologies’ abilities in recent months. In February, the company took a 25% stake in low-latency service provider Fixnetix.