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No Frills Routing

Traders Magazine, June 2001

Peter Chapman

Although not as glamorous as direct access, plain vanilla order routing is much in demand. Javelin Technologies, best known for its FIX engines and its gateway to the floor of the New York Stock Exchange, debuted order routing technology intended to help sales traders, at the SIA Technology Management Conference and Exhibit. Jav-Trader is a lightweight front-end that permits money managers and financial advisors to send their orders over the Internet to their sales traders.

Orders flow into the Jav-Central service bureau where they are rewritten in the FIX protocol. From there, they are routed to brokerages over the networks of such third party providers as TNS or Radiance.

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