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8/8/2019 Marketplace FIX Allocations
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NYSE
TECHNOLOGIES
MARKETPLACEFIX SESSION
MANAGEMENT
MESSAGE RECOVERY
Access Network
Access Network
SELL-SIDE
BUY-SIDE Executing
Brokers
Prime
Brokers
ClearingBrokers
F
I
X S
E
S
S
I
O N
F I X
SESS
I O
N
ATS
Investment ManagersHedge Funds
Wrap ManagersBuy-side Outsourcers
Find Out More
Contact our Sales Team to learn more about
the services listed herein as well as our ull
array o oerings.
Call:
+1 212 510 3600 (Americas)
+44 20 7623 0444 (EMEA)
+852 3973 6458 (Asia Pacic)
+81 3 3667 4730 (Japan)
Email:[email protected]
Web:
www.nyse.com/technologies
Copyright 2010 NYSE Technologies Inc. All rights reserved. All third party
trademarks are owned by their respective owners and are used with permission.
Leverage FIX to create a more efcient post-trade process
Electronic trading across multiple asset classes and venues creates a unique opportunity orbuy- and sell-side rms to re-evaluate their current workfow. NYSE Technologies leverages it
15+ years o experience with FIX to help manage our clients’ post-trade allocation process.
NYSE Technologies has long oered FIX Allocation Services as part o its portolio, but
recently has seen increased demand. In 2010, the Marketplace community saw an uptick o
70% o buy-side rms turning to FIX to manage their post-trade allocations. These rms are
thinking outside-the-box in order to gain a competitive advantage.
Customer Challenges
Cumbersome Process
Today’s trading systems are lightning ast
and move in micro-seconds. However, post-
trade settlement still takes several days to
complete and is a very manual process.Risk o Error
Since unctions like allocations oten occur
in the Middle Oce, allocation errors are
oten ound late in the settlement process.
This potentially makes nal settlement occur
on the last possible day.
New Asset Classes Not Fully Supported
As rms race to support the need or better
and aster multi-asset trading environments,
post-trade services that are relied on to
allocate and conrm trades with brokers and
banks haven’t kept up.
Cost Prohibitive
Firms must outsource their post-trade alloca-
tions to third party rms, which can become
a costly endeavor.
Solution Benefts
More Efcient Process
NYSE Technologies is ully certied and
integrated into many OMS/EMSs via the
NYSE Technologies Marketplace. This
improves the allocation process withoutun-necessary cost and replaces traditionall
manual workfows.
Moves Allocations Closer to Execution
By moving the allocation process to the ro
oce, errors related to allocations can be
recognized earlier in the settlement proces
This mitigates risk as the trade moves
through the settlement process.
Allocates Multi-Asset Classes
Our FIX Allocation Service supports a broad ran
o multi-asset instruments including equities
derivatives, xed income, utures, and option
Cost Savings
Since FIX is an open and world standard
protocol, it is an ideal place to turn or rm
looking or fexibility and cost savings.
NYSE TECHNOLOGIES
FIX AllocationsA Marketplace Service
FAST FACTS
What is it?
NYSE Technologies FIX Allocations service
enables the buy- and sell-side to use their
existing FIX inrastructure to send and
receive allocations or all instruments in a
secure, standardized ormat (FIX).
Who is it or?
The service is or the both the buy- and
sell-side to allocate their trades in a timely
ashion.
What does it provide?
The FIX Allocations service provides a
streamlined and cost- and time-eective
solution to manage the post-trade allocation
process.
www.nyx.c©2010 NYSE Euron
All Rights Reser
wm/N8945/10
Through a ully managed channel to the NYSE Technologies Marketplace, the buy-side sends allocation
instructions to the sell-side. The sell-side then conrms the distribution through the Marketplace to the
buy-side, making the entire process seamless.
