UNX Introduces the Order Gateway for Trade Messaging.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 3, 2003 UNX UNX Universal Network Exchange , Inc., the market structure experts, announced today the broad availability of the UNX Order Gateway, a universal trade language and communications processing interface for institutional buy-side traders providing access to the UNX execution fabric for US equities trading. The UNX Order Gateway enables UNX clients to trade efficiently and transparently across different protocols while leveraging the company's advanced market structure trading features, including MetaBook(TM), MetaECN(TM), FLEXStream(TM), and intelligent STORM sweeping algorithms, for liquidity discovery and bid-side execution. The UNX Order Gateway translates all incoming trade and outgoing post-trade reporting messages into protocols selected by UNX clients, including FIX, CTCI CTCI Computer to Computer Interface , OUCH, 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. , among other standard and proprietary formats. Combined with UNX's Web Services API, the Order Gateway supports multiple order management systems and quantitative rules-based trading systems used by institutional investors. "UNX's aggressive client integration efforts are part of our ongoing commitment to provide buy-side traders with effective tools to leverage their trading capabilities in a fragmented market," said UNX 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. Randy Abernethy. "With the Order Gateway, our clients can trade across numerous protocols and formats seamlessly and transparently without obstacles, giving them wide trading reach in an STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. environment." Because of UNX's in-depth experience with numerous trading protocols and the technologies used for their translation and routing, the UNX Integration Team can minimize the complexity clients face relative to connectivity, development, testing, and certification. Many UNX clients have integrated the UNX trading platform into their infrastructure using various protocols and formats, and with various trade order management systems, including CheckFree APL (A Programming Language) A high-level mathematical programming language noted for its brevity and matrix generation capabilities. Developed by Kenneth Iverson in the mid-1960s, it runs on micros to mainframes and is often used to develop mathematical models. , INDATA I.M.S., Financial Models Company's FMCTrade, MacGregor's MFTP MFTP Multi-Cast File Transfer Protocol MFTP Multisource Ftp MFTP Multiple File Transmission Protocol MFTP Multicast File Transfer Protocol and Predator, NYFIX's FixTrader, SEI's MarketLink Brokerage Services Platform, and Thomson Financial's ATR ATR Achilles tendon reflex, see Ankle reflex and TradeRoute networks. About UNX UNX is an institutional agency brokerage providing advanced electronic trading solutions and premium services. With flexible connectivity options and core platform technology that consolidates market access and provides a true depth-of-book view of the US equities market, UNX enables buy-side investors to minimize market impact, reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). and manage today's fragmented liquidity to their advantage. UNX meets the demanding requirements of institutional trading through innovative, reliable technology to streamline trade operations and help sophisticated traders find best execution within a completely anonymous environment. The company's commitment to trading efficiency extends to its multiple value-added services, including advanced electronic trading capabilities, commission management tools and an agency trade desk. For more information, please visit www.unx.com. Member NASD/SIPC. UNX: Market Structure Experts. |
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