UNX Introduces The Order Gateway for Trade Messaging

New York, NY. – November 3, 2003 – UNX, Inc., the market structure experts, announced today the broad availability of the UNX Order Gateway, a universal trade language and communications processing interface for institutional buy-side traders providing access to the UNX execution fabric for US equities trading.

The UNX Order Gateway enables UNX clients to trade efficiently and transparently across different protocols while leveraging the company’s advanced market structure trading features, including MetaBook™, MetaECN™, FLEXStream™, and intelligent STORM sweeping algorithms, for liquidity discovery and bid-side execution.

The UNX Order Gateway translates all incoming trade and outgoing post-trade reporting messages into protocols selected by UNX clients, including FIX, CTCI, OUCH, CMS, among other standard and proprietary formats. Combined with UNX’s Web Services API, the Order Gateway supports multiple order management systems and quantitative rules-based trading systems used by institutional investors.

"UNX’s aggressive client integration efforts are part of our ongoing commitment to provide buy-side traders with effective tools to leverage their trading capabilities in a fragmented market," said UNX CEO Randy Abernethy. "With the Order Gateway, our clients can trade across numerous protocols and formats seamlessly and transparently without obstacles, giving them wide trading reach in an STP environment."

Because of UNX’s in-depth experience with numerous trading protocols and the technologies used for their translation and routing, the UNX Integration Team can minimize the complexity clients face relative to connectivity, development, testing, and certification.

Many UNX clients have integrated the UNX trading platform into their infrastructure using various protocols and formats, and with various trade order management systems, including CheckFree APL, INDATA I.M.S., Financial Models Company’s FMCTrade, MacGregor’s MFTP and Predator, NYFIX’s FixTrader, SEI’s MarketLink Brokerage Services Platform, and Thomson Financial’s ATR and TradeRoute networks.

Company Contact:
Susan Park

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