FTLabs attended the Pershing INSITE 2009 conference and exhibits held again this year at the Westin Diplomat in Hollywood, Florida. Pershing always does a wonderful job hosting this conference for their correspondent firms and business partners.
Broker-dealer firms that clear through Pershing may be interested in the straight-through processing (STP) capabilities that FTLabs can provide to route trades directly to Pershing's UTF trade reporting facility. The FTLabs Fixed Income Routing Matrix (FIRM) product provides a FIX gateway connection to Pershing so that FIX protocol-based trade execution reports can be automatically converted and routed to the proprietary UTF protocol. Responses and alerts from UTF are in turn automatically converted to FIX and routed back to the broker-dealer's order management system.
This capability is currently available to client of Zia Corporation's ZiaTrading system and can be quickly and easily adapted to work with order management systems from other vendors or that have been developed in-house.
