IBSN Offers Order Routing Gateway to OM's CLICK XT; Route FIX or CMS Orders to OM's CLICK XT Trading System Quickly and Painlessly.Business Editors DENVER--(BUSINESS WIRE)--May 19, 2004 IBSN IBSN Infantile Bilateral Striatal Necrosis , Inc., a provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. integration and connectivity services, today announced availability of the only bi-directional CLICK(TM) Adaptor and FIX/CMS Order Routing Gateway that enables companies to route FIX or CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. order flow into or out of the CLICK trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. developed by OM in Sweden. The CLICK Gateway is available as licensed software or can be accessed over Dominet, IBSN's order routing network. CLICK XT(TM) is used by more than 20 exchanges in Asia Pacific, Europe, and North America, supporting diverse trading requirements. IBSN's gateway supports all asset classes supported by CLICK including equities, derivatives, fixed income, commodities, and energy. "IBSN's CLICK Gateway is flexible and can simultaneously receive orders from multiple order sources and route orders out of CLICK to multiple destinations. This allows exchanges to both receive order flow and route away to support intermarket trading intermarket trading Trading that occurs between two or more markets. For example, an individual might engage in arbitrage by purchasing stock index futures on one exchange and then selling options on the same futures on another exchange. ," said Candyce Edelen, vice president of business development at IBSN. "It also enables market participants to connect using standards based protocols like FIX or CMS, eliminating the need to write interfaces to a non-standard API." Last year, IBSN released an XTP (Xpress Transfer Protocol) A research transport protocol designed by Greg Chesson of SGI. Designed for high-speed networks, it provides services at layers 3 and 4 of the OSI model. translator that is used by several firms as a FIX gateway to OM's SAXESS Trade(TM) trading system. "IBSN gives companies that want to connect to OM systems a choice. They can write custom interfaces to an API, comply with OM's proprietary XTP protocol, or they can use standards like FIX or CMS and connect using their existing trading infrastructure, sparing themselves from several months of writing custom code," said Colin Clark, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IBSN. Exchanges who choose the IBSN gateway can also make use of a variety of other industrial strength order monitoring, tracking, and routing capabilities provided by IBSN that are closely integrated with the CLICK and SAXESS Order Routing Gateways. About IBSN, Inc. IBSN, Inc. provides a full suite of order-routing and transaction processing solutions designed to meet high-volume, high-availability requirements. IBSN's products include unique capabilities in integration designed to help financial services companies substantially decrease the time and costs associated with enabling electronic trading, straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. , counter-party connectivity, order routing, and internal integration. Dominet is an order routing network that supports any asset class and routes orders, quotes, and trade reports to any destination in North America. More information on IBSN can be found at www.ibsncentral.com. SAXESS Trade and CLICK XT are trademarks of OM, Inc. |
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