Commentary

Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

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December 5, 2008

Eze Link Ramps Up Speed

By James Ramage

Eze Castle Integration wants to give the buyside a faster way to communicate their orders to brokers. The Boston-based information technology vendor developed the Eze Link service to bundle together the different media through which buyside firms connect to brokers over Eze Castle's private network. The streamlined channel-whether via Internet, turret or FIX connectivity-ultimately speeds up buyside traders' access to the markets.

"This is a consolidated way to manage your communications within your firm," said Mark Coriaty, director of the professional services group at Eze Castle Integration.

Many trade desks use Voice over Internet Protocol, or VoIP, as well as turret automatic ring down connections, he added. These also are serviced through the Eze Link network.

In the past, Eze Castle clients would order the circuits and FIX connectivity through third-party vendors. They needed someone to consolidate access to their market data and research, Coriaty said.

Eze Castle expanded its own Eze Link network by linking it to the SunGard Transaction Network. This lets Eze Castle offer its 500 or so buyside customers one connection point to their trading counterparties using SunGard's FIX connectivity service.

"SunGard acts as what we call a FIX aggregator," Coriaty said. "They have a solution in-house that actually manages the message itself between one order management system and another."

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