Flyer FIX Certified with the Borsa Istanbul

Enables Global Infrastructure for DMA In Turkey

March 4, 2014

New York, New York — March 4, 2014 — FIX Flyer, a leading provider of global connectivity software and services infrastructure for institutional electronic trading, announced today that the Flyer FIX Engine and Risk Controls Gateway for Direct Market Access equity trading has been certified by the Borsa Istanbul. The solution allows brokers to support high speed electronic trading and proven risk control practices.

FIX Flyer provides a Direct Market Access (DMA) gateway that converts internationally accepted versions of the FIX protocol into the Borsa Istanbul’s FIX 5.0 API with the lowest latency possible. In addition, FIX Flyer provides risk controls tailored to the cash equities markets, based on the same Formula One technology used to satisfy SEC 15c3–5 rule in the US market. Other important items that FIX Flyer solves for the broker to make it seamless to plug into the FIX standard:

  • Average Price and CumQty computation
  • ClOrdID, OrigClOrdID, OrderID standardization
  • Management of special account tags
  • Cancel and Cancel Replace workflow standardization
  • Speed regulation throttling control

FIX Flyer is working to provide DMA access to the Borsa Istanbul’s derivatives markets.

“FIX Flyer is committed to providing the best DMA platform in Turkey, making it possible for brokers to enable new services for algorithmic, high frequency, event and program trading internationally,” says Brian Ross, CEO of FIX Flyer. “By going FIX, brokers can easily plug into the entire world’s capital markets.”

About FIX Flyer

FIX Flyer develops and operates advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.

Since 2005, as an agile technology provider, we have partnered with our 170+ clients worldwide, including UBS, Barclays, TD Ameritrade, Fidelity, Berenberg, Unicredit, GBM, Interacciones, Bank of America Merrill Lynch, Goldman Sachs, and more to build high quality, feature-rich software.

Flyer has built a team of operational experts who manage and provide Managed FIX software-as-a-service. Our subject matter experts create and operate FIX servers for you to realize the full potential of our software to deliver the highest level of service and return on investment.

The FIX Flyer Engine is the first FIX server designed to manage high volume, ultra low latency trading networks and ECNs, easily scaling to thousands of connections.

FIX Flyer also provides the Daytona trade surveillance monitor, the F1 Risk Control Gateway, the Ignition regression test and certification tool; the Flyer Online hosted Order Management System, and the Flyer Trading Network.

FIX Flyer has headquarters in New York City with offices in Boston and Hyderabad India.

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About FIX Flyer

With over 120 clients worldwide, FIX Flyer develops advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.

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