Scotia Capital has joined with electronic trading solutions provider NYFIX to deliver an independent, broker-neutral, indications of interest (IOI) service to the Canadian equities market. Under this partnership, the next generation of Scotia’s IOI service, TradeChat, will be powered by NYFIX’s global IOI service, ioinet. NYFIX ioinet’s analytics, filtering and buy-side order management system (OMS) integration capabilities will help TradeChat clients’ ability to quickly find and capitalise on both Canadian and global trading opportunities without costly information leakage and market impact.
“We are committed to providing our clients with the best IOI service possible and are excited about the benefits that working with NYFIX will bring to our TradeChat clients,” said Patrick Burke, managing director and head of institutional equities at Scotia Capital. “NYFIX’s product capabilities, support services and commitment to evolving and expanding their global IOI business makes it an ideal partner.”
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