London--Nigel Foster, E-Crossnet’s CEO, says that his company could start to act for the investment community by speaking to brokers and vendors regarding electronic connectivity.
Foster says that for half of E-Crossnet’s clients, their link to E-Crossnet is the only part of their trading that is electronic. And of the crossing that takes place on the network, less than one-fifth comes from order management systems via FIX.
The rest is through Bloomberg via manual entry or spreadsheet upload.
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