JERSEY CITY, N.J., Nov. 16 /Xinhua-PRNewswire/ -- Hudson Securities, Inc. implemented FIXEdge, a highly configurable, low latency Fix Protocol engine available from B2Bits, Inc. FIXEdge enables Broker/Dealers and Institutions to route Orders to its Institutional Trading Desk and Hudson's Automated Trading platform, using various FIX Protocols. Recently, Hudson Securities, Inc. has successfully established 22 Fix Connections to well over 3 dozen firms.
Hudson Securities President, Keith Knox, said, "Implementation of this technology in house allows us to reduce the amount of time it takes to establish connectivity to clients."
Today, Hudson is connected via FIX to most major routing networks, including but not limited to TNS, Radianz, STN, BNET, Savvis, Bloomberg, ACES, Redi, Fidessa, Neovest, Think or Swim, Mixit, and AFA, as well as to NASDAQ, Pink Sheets and dedicated direct connections to clients.
This connectivity to Pink Sheets has enabled Hudson to provide innovative solutions for clients by representing its customer's orders instantaneously in various algorithmic strategies. This capability has allowed us to custom tailor our Pink Sheet and OTCBB order quoting automation to individual clients needs.
The FIX sessions are utilized not only for the automation of the order flow processing but also for the dissemination of Indications of Interest messages which are delivered directly to client trading systems.
Hudson currently offers routing services to its customers as a complimentary service and will be able to handle additional asset classes in the 1st quarter of 2008.
Hudson Holding Corporation (OTC Bulletin Board: HDHL) is a holding company and is the parent of Hudson Securities, Inc. and Hudson Technologies Inc. Hudson Securities is a registered broker-dealer under the Securities Exchange Act of 1934, a member of FINRA and meets the liquidity needs of brokers, dealers, institutions, and asset managers by making markets in over 9,000 NASDAQ, non-NASDAQ OTC, listed and foreign securities, with particular expertise in trading NASDAQ Small Cap, OTC Bulletin Board, and Pink Sheet securities. Hudson Technologies provides technology services to Hudson Securities and client companies.
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