Thursday October 3 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
To help promote global fixed income liquidity, DelphX, a provider of neutral alternative trading systems (ATS) for informed and transparent trading of fixed income securities, has selected SunGard to provide Financial Information eXchange (FIX) connectivity through its SunGard Global Network (SGN) to create CentralX, a neutral, centrally-cleared global facility. The CentralX market will be integrated within SGN to facilitate anonymous all-to-all interaction of orders entered by SGN users and buy-side and sell-side subscribers to DelphX and other participating fixed income ATS/ECNs and linked trading platforms.
SGN is a trading services network that links asset managers and brokers throughout the financial services value chain, offering trade automation and connectivity for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. DelphX provides real-time fair-value pricing and anonymous alert, query, negotiation, matching and clearing services for best execution among all market participants.
Click on the above link for more details.