MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Boston-based Putnam Investments, with some $160 billion in assets under management, has gone live with Autex's Autex+ to receive electronic indications of interest from brokers, using the Financial Information Exchange (FIX) protocol. Autex recently added FIX compliance to its system. Putnam is now taking in some 700 FIX-compliant indications every day from ten brokers, according to an Autex spokesperson. Autex is a unit of Thomson Financial Services.

Dow Jones

looks to be developing an equity

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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