BST Awards 2020: Best low-latency trading network—Itiviti

Buy-Side Technology Awards 2020

Itiviti reclaims its place as the winner of the best low-latency trading network category at this year’s BST Awards, making this year the fourth time it has won this title in five years. The firm’s FIX global connectivity platform, NYFIX, provides efficient access to liquidity, up-to-date regulatory changes and information security to the buy side. It connects more than 1,100 buy-side and 600 sell-side participants and routes more than 28 million messages daily. 

According to George Rosenberger, senior vice president and head of product strategy, client connectivity services at Itiviti, NYFIX provides global and near-real-time access to major sources of liquidity across all asset classes. Itiviti is “heavily focused” on helping electronify the fixed-income market by supporting transparency, price discovery, and efficient inventory use. NYFIX has also built SSL and encryption into the network. “We also anonymize all message data to prevent any type of information leakage and are resilient against outside hackers,” Rosenberger says. 

In the last year, Itiviti has increased NYFIX Marketplace infrastructure’s capacity to help scale its services to fit clients’ requirements. It has also upgraded the NYFIX order routing network (ORN) to build a private cloud infrastructure, which Rosenberger says will increase the platform’s adaptability in the context of accelerated virtualization of the capital markets.

Looking ahead, Itiviti will continue investing in the ORN to expand the reach of its post-trade business through NYFIX Matching, its matching solution. It will also expand beyond FIX by integrating with proprietary broker files versus traditional FIX messaging. 

Itiviti dedicates 40% of its resources to research and development. It recently spent $2 million overhauling the NYFIX ORN infrastructure to increase the platform’s reliability and resilience. Some examples of the areas it will invest in are its architecture to maintain performance and latency, the user interface to improve the way data is displayed, and improved levels of automation to cut onboarding times.

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