Fund-Technology.com

FIX Flyer chosen by Open Finance Network

Posted: 09 March 2009

FIX Flyer announced that the Open Finance Network (OFN) has chosen FIX Flyer's Managed FIX services to provide trading connectivity and integration into the Smartleaf overlay management system.
OFN chose Managed FIX because of FIX Flyer's strong leadership position in wealth management trading connectivity and strong integration expertise to post-trade processing systems.

"Our wealth management clients demand the most efficient and transparent processing possible for every single trade," says Vic Esclamado, President of OFN. "FIX Flyer lets us confidently accelerate our plans to grow and generate new revenue. Now we can add new functionality quickly while enhancing our customer experience."

OFN uses FIX Flyer's Managed FIX services to certify, support and maintain every aspect of their trading connectivity to multiple destinations such as Pershing, Trust Company of America, and TD Ameritrade which give OFNs' clients many choices to get to the best price available. Once a trade is executed on the OFN platform, FIX Flyer uses the connection to communicate how shares are allocated into client accounts. The solution handles mutual funds and fixed income, as well as equities.
FIX Flyer runs the Managed FIX services from OFN's own secure equipment hosted at Equinix. FIX Flyer's Support Crew, headquartered in New York's Financial district, provides hands-on support.

Back to news