'Axes' Uses FIX to Cross Borders

FRONT PAGE: FIX TECHNOLOGIES

NEW YORK—New York-based brokerage house Auerbach Grayson is lending its support to a new electronic agency brokerage that will provide traders with access to more than 90 countries for trading equities and equity derivatives.

The cross-border effort, dubbed Axes, will kick off a FIX-based pilot program in the second quarter, with plans to go live shortly thereafter, according to Peter Gaffney, an executive vice president for Axes. The pilot will include about 40 countries with a cross-section of

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