Javelin to FIX-Enable Instinet Clearing and Settlement
THE FIX FILES
NEW YORK--Representing a first for Javelin Technologies, Instinet has signed an agreement with the FIX vendor that will allow for the FIX-enabling of the agency broker’s clearing and settlement arm, Instinet Clearing Services (ICS). For the first time, Javelin will implement its FIX solutions into the back office for clearing and settlement functions.
The decision by Instinet to FIX-enable its clearing and settlement practice adheres to its recently initiated policy of "openness." As part of this
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