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A Silver Lining for IOI Vendor?

Traders Magazine, June 2004

Peter Chapman

There aren't many 35-year-old electronic trading services. In fact, there's probably only one. AutEx, a quote advertising medium of Thomson Financial, was established in 1969 and is still going strong. The vendor took a big hit with the advent of the FIX protocol in the mid-90s. But it is still billing the bigger trading houses in the six and seven figure range every year. FIX let brokers bypass the AutEx network and send their indications of interest directly to the buyside. Indications, or IOIs, are invitations to trade that note stock, side, and with "supers," price and quantity.

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