TMCnet News
AX to Exclusively Distribute IDT Trading Technology to the Capital Markets GloballyNEW YORK, Feb. 11, 2016 /PRNewswire/ -- Following on its recent strategic announcement of the launch of the first Electronic Trading Network (ETN) for equities, AX Trading Group, Inc., the parent of AX Trading LLC, today announced that it has reached an agreement with InterDealer Information Technologies, LLC (IDT) to exclusively distribute IDT fixed income trading technology to the global capital markets through AX Trading. The move signals AX's rapid expansion into technology services across asset classes globally. IDT gains distribution and channel resource in previously untapped client segments and markets. Taken together, AX's moves represent an exponential benefit to its clients and to global market structure. IDT is currently the leading provider of electronic fixed-income trading platforms. The IDT footprint includes the number one bond trading platform in the world as well as a trading platform provider for one of the top global exchanges. Said Dan White, IDT Chairman: "For over a decade we have delivered world class financial technology solutions. We now combine that expertise with AX distribution. We provide traders with both operational and capital efficiency using our technology. " Said George O'Krepkie, Chairman & CEO of AX Trading Group, Inc.: "AX is committed to providing all market participants with advanced trading tools designed to benefit them. This is the second in a series of initiatives that will bring broker-dealer traders and there institutonal clients together to consistently find best execution and liquidity." For more information contact: Terrence Mulry About AX Trading Group, Inc. AX Holdings is a financial technology company that provides world class trading solutions to the financial markets. AX Holdings owns and operates The AX Trading Network which allows institutional clients to transact in very large equity trades. We do this with our own technology that is delivered through multiple venues to the client. We also provide the capital markets on a global level with solutions through our technology services offering. We do this by the white label our own trading platform and re-selling of best in breed trading technology across multiple asset classes. About AX Trading LLC The AX Trading Network is the market's first "Electronic Trading Network" (ETN), allowing institutional traders to proactively connect and trade with other counterparties in a secure environment. In today's trading world, where more and more liquidity is being withheld from the market, AX provides a way for institutional traders need a way to proactively reach out to targeted counterparties but in a way that protects their trading intentions and their identity. AX Trading, LLC is a SEC-registered broker-dealer and Alternative Trading System (ATS) and is a member of FINRA and SIPC. AX can be reached at 917-262-0388 and at www.axtrading.com. About Interdealer Technologies The InterDealer Fixed Income Trading Platform is a comprehensive product that enables Tier 1 credit dealers to accelerate and streamline trading workflows on the trading desk. InterDealer's platform supports: Market Data Aggregation, trading and distribution to/from Multiple ECNS; FIX-Based Interface to support Dealer Pricing Models; Intelligent price-by-price distribution with dynamic filtering, custom mark/ups. InterDealer allows broker/dealers to increase capital and operational efficiency by deploying an automated trading model that positions voice traders to make higher value trades with greater market intelligence. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ax-to-exclusively-distribute-idt-trading-technology-to-the-capital-markets-globally-300218913.html SOURCE AX Trading Group, Inc. 
|