Imported from previous forum
[ original email was from Kate Ardini - kate.ardini@nyfix.com ]
NYFIX Appia Selected for the Vestmark Managed Accounts Platform
NYFIX, Inc (NASDAQ: NYFX), worldwide provider of electronic trade infrastructure, today announced that Vestmark, Inc. has selected the Appia™ platform for the Vestmark Managed Accounts Platform. Vestmark’s platform enables sponsors, asset managers and service providers to profitably deliver managed account products and services. These operational and distribution challenges are addressed through account lifecycle automation, sophisticated portfolio manufacturing capabilities, a scalable reconciliation engine, and a series of management, operations, and quality control reports that reside on top of Vestmark’s relational data warehouse.
John Lunny, COO and Vice President of Customer Engineering for Vestmark said, “We decided to partner with NYFIX after we looked at the top FIX technology providers and assessed that Appia was the best option moving forward. The Appia engine has the functionality and stability we were looking for, and in conjunction with the level of commitment of NYFIX’s in-house support, made NYFIX the best technology choice and the best business partner compared to the other FIX vendors we evaluated.”
Robert Rooks, Global Head of Sales for NYFIX, says of the partnership with Vestmark, “We at NYFIX are happy to see that companies, such as Vestmark, are still demanding top notch technology from providers, but more importantly that support is still a crucial component of the evaluation process. NYFIX prides itself in the fact that it provides all of its clients proprietary global support.”
About NYFIX
NYFIX, Inc. through its subsidiaries provides electronic trading technology infrastructure and execution services to brokerage firms and institutional investors. NYFIX products and services automate trading workflows by streamlining data entry and seamlessly integrate electronic order and execution handling. NYFIX offers a complete electronic desktop order management solution; stationary and wireless handheld exchange floor technology; FIX (Financial Information eXchange) Protocol messaging and monitoring tools and a high volume trade execution platform. Its products deliver straight-through processing (“STP”) for front, middle and back office trade transaction processing. NYFIX maintains multiple data centers and an extensive network of electronic circuits that link industry participants for electronic trade communication and provides access to the global equities and derivatives financial markets.
NYFIX, a pioneer in FIX-based solutions, offers a FIX-compliant product suite. NYFIX’s core technology, which includes equity solutions for listed and over-the-counter markets, derivatives and future products and Appia® and Instant Integrator™ products, are complemented by NYFIX’s broker-dealer operations, which offer its NYFIX Millennium® ATS and trade execution services. Headquartered in Stamford, Connecticut, NYFIX has additional offices in New York City, Chicago, San Francisco, London, Madrid, Hong Kong and Tokyo.
About Vestmark
Vestmark, Inc. is an enterprise software company providing managed accounts solutions to the financial services industry. The Vestmark management and engineering teams include the founders and key technologists from several highly successful companies spanning the portfolio management, investment analytics, business intelligence, personalization, and content management industries. Through innovative workflow and integration capabilities, Vestmark delivers efficiency, flexibility, and scalability to the front- and back-offices of investment managers, sponsors, and service providers. Vestmark supports a range of managed account products, including traditional separately managed accounts (SMAs), multi-style portfolios (MSPs, MSAs, DMAs, etc.), and emerging unified managed accounts (UMAs). Vestmark solutions enable its clients to attract new assets, reduce operational costs, and increase the overall profitability of their managed accounts business. Founded in 2001, Vestmark, Inc. is headquartered on Route 128 due north of Boston, Mass.
NYFIX, New York
Robert Rooks
Director of Sales, NYFIX Global FIX Technology
100 Wall Street, 26th Floor
New York, NY 10005
Phone 212-809-3542 Phone
Robert.Rooks@nyfix.com