Trading systems firm FNX has launched FirstOrder Fixed Income, an IT solution that offers support for an array of fixed income instruments including bonds, munis and T-Bills. It also supports on-line position management, real-time audit checks and full price publishing. Market, limit, stop loss and request for quote orders can be entered and users can define automatic execution rules. The system is fully integrated with the Sierra System for STP processing, the firm said. Commenting on the development, Farid Naib, FNX’s CEO and Founder, said: ‘FirstOrder now supports FX cash, money markets and fixed income instruments and we have plans to integrate many other asset classes in the near future.’
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