Hudson Securities, Inc. Announces the Implementation of FIXEdge and Customized Order Routing Solutions

2007-11-16 04:53 863

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.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Source: Hudson Securities, Inc.