Linedata Services certifies with new Thomson AutEx order routing functionality to facilitate algorithmic trading
13 May 2005
Linedata Services, a leading global technology solutions company and provider of the industry leading order management system, LongView Trading, and the enterprise-wide pre and post trade compliance system, Linedata Compliance, announced today that certification is complete between LongView Trading and new messaging functionality provided by Thomson AutEx. Thomson AutEx Order Routing is one of a suite of AutEx products used by trading partners to identify market liquidity and place orders. AutEx facilitates the high-speed transfer of multiple FIX compliant message types over a concentrated global network.
The new functionality within AutEx Order Routing supports the FIX custom tags LongView Trading clients need to enable and control trading with quantitative execution algorithms for a number of brokers, including; JPMorgan, Lehman Brothers, Banc of America Securities, UBS Investment Bank, Deutsche Bank, Credit Suisse First Boston, Goldman Sachs and Morgan Stanley. LongView Trading users can now take full control of orders from their blotters by entering essential trading parameters prior to sending the order over the AutEx Network to the sell-side. Automatically generated execution reports allow joint clients to easily monitor and manage trading initiated by the algorithms.
"We are pleased to work with Thomson Financial to deliver this unique functionality to LongView Trading customers," said Annie Morris, senior vice president at Linedata Services, Inc. "Many of our customers use AutEx regularly and will benefit from the new algorithmic trading support. We are committed to providing our customers with efficient solutions and seamless access to liquidity. Together with Thomson Financial, we have made yet another step toward the most efficient workflow for our customers."
"Thomson AutEx provides connectivity and liquidity across the global trading community, giving brokers and institutions access to a breadth of execution venues and advanced execution algorithms over an existing connection," said Robert Moitoso, senior vice president and head of AutEx, Thomson Financial. "The new functionality within AutEx Order Routing maximizes the client's control over the order, enabling them to send orders matching their own trading strategies," said Moitoso.
About Thomson Financial
Thomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
About LongView Trading
LongView Trading is an innovative global order management solution for all asset types. The comprehensive system provides portfolio modelling, electronic trading, pre-trade compliance monitoring and unparalleled access to liquidity.