SolutionForge, a provider of financial technology solutions, has launched FIX.NET Trader, an order-management system targeted at small to medium sell-side firms.
Most FIX-based order-management systems on the sell-side cater for large organisations, according to SolutionForge. However, as more firms implement FIX-based OMS, they are pressing their second- and third-tier trading partners to provide FIX-based execution.