Imported from previous forum
[ original email was from Candyce Edelen - cedelen@ibsncentral.com ]
CONTACT: Candyce Edelen
IBSN, Inc.
303.984.4727, ext. 103
cedelen@ibsncentral.com
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
Denver, Colo. – May 19, 2004 – IBSN, Inc., a provider of financial services integration and connectivity services, today announced availability of the only bi-directional CLICK™ Adaptor and FIX/CMS Order Routing Gateway that enables companies to route FIX or CMS order flow into or out of the CLICK trading system 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™ is used by a 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 a 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,” 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 translator that is used by several firms as a FIX gateway to OM’s SAXESS Trade™ 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 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, 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.