Having been quietly operating its Institutional Liquidity Network (ILN) for four months, Fidelity Brokerage Inc. is now talking to its customers about using the system. ILN is an order-routing and execution facility developed by Fidelity's National Financial Institutional Services (NFIS) subsidiary.
NFIS began operating the system--offering it to Fidelity Capital Markets Co.'s buy-side clients--in February 1992. Now, the system is handling more than three million shares a day for 30 of NFIS's
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails