Monday October 2, 8:59 am Eastern Time
Internet Trading Technologies Integrates Javelin Technology's FIX Technology into Universal Trader
FIX Messaging Enables Cross Platform Communication For ASPs
NEW YORK--(BUSINESS WIRE)--Oct. 2, 2000--
Internet Trading Technologies, Inc. (ITTI), an application service
provider (ASP) of fully-outsourced, Internet-based trading solutions,
today announced that it will integrate Javelin Technologies' Coppelia
FIX Engine with its core trading system, Universal Trader.
Universal Trader is a mission-critical, front-end order entry,
routing and communications software program deployed by market makers
and other executing brokers to their smaller and mid-sized broker
dealers and buy side customers.
As increased order routing is outsourced to ASPs, it is critical
that providers be in a position to communicate across industry
platforms, access all pools of liquidity and ensure execution of all
trading transactions. Javelin's Coppelia FIX Engine will integrate
into ITTI's infrastructure to service all FIX message processing for
marketmakers, small institutions, broker dealers, hedge fund managers,
and prime brokers who use Universal Trader. Coppelia's proven
production track record, in addition to its suite of easy-to-use
development and support tools, were key factors in ITTI's selection of
``We came to Javelin because it is the technology leader in
providing connectivity for global trading,'' said Tom Joyce, director
of business technology at ITTI. ``Javelin's platform provides a
scaleable infrastructure that will significantly advance our overall
strategy of ensuring that ITTI clients have access to the best
available technology for competing in a dynamic marketplace.''
``The Internet is fast becoming the way to trade,'' said George
Kledaras, president and CEO of Javelin Technologies. ``With our
technology and expertise in electronic trading, we connect companies
like ITTI to the global trading community and enable them to offer
untold value to clients.''
About Internet Trading Technologies, Inc.
Internet Trading Technologies Inc. (ITTI) provides fully
outsourced, Internet-based trading solutions to the wholesale
securities dealer market. ITTI's flagship product, Universal Trader,
is a mission-critical, front office order execution system that
provides sophisticated, real-time trading solutions for listed and OTC
equities, options and fixed income securities. Universal Trader is
used by top U.S. marketmakers and execution firms, including
Knight/Trimark Securities, Herzog, Heine & Geduld, and Investec Ernst
& Company, and is deployed to over 650 broker dealers and
institutions. The company is headquartered in New York City. More
information on ITTI and the Universal Trader system is available at
Spring, O'Brien & Co.
Melissa LoVerme, 212/620-7100 x201