IHS Markit Expands thinkFolio with Managed FIX Network
IHS Markit, a world leader in critical information, analytics and solutions, has launched a new service that administers FIX connectivity for asset managers. The new offering enhances the managed service version of thinkFolio, the order management (OMS) and portfolio modeling (PMS) solution from IHS Markit.
By managing FIX connectivity on customers’ behalf, IHS Markit helps firms reduce cost and the technical complexity of self-administering a FIX network. Together, thinkFolio and the FIX network service give asset managers a comprehensive, hosted OMS and trading connectivity solution. The FIX connectivity service incorporates the NYFIX solution from Itiviti which connects over 1,500 trading partners via a global, low-latency network.
“We are combining the robust NYFIX trading hub with our technology expertise to offer a fully managed service that facilitates direct, reliable communication between our buy-side customers and their brokers,” said Spiros Giannaros, global head of thinkFolio and EDM at IHS Markit. “Working with Itiviti and other premium partners is part of how we are enhancing our thinkFolio managed service offering and responding to growing buy-side demand for comprehensive, cloud-based investment management platforms.”
“We are very pleased to have been selected as a strategic partner by IHS Markit,” said Philippe Carré, Global Partnership Director at Itiviti. “The new service will enable IHS Markit clients to leverage the powerful benefits offered by NYFIX, the industry standard network in terms of size and reliability. Expanding our long-standing collaboration with IHS Markit is an example of our commitment to providing leading technology and services to clients.”
thinkFolio is a multi-asset class investment management platform which mitigates risk, increases operational efficiency and supports decision-making by investment managers. It is deployed as a managed service, supporting firms that want to reduce costs, maximize flexibility and achieve a quick time to market.
Itiviti provides nearly 2,000 financial institutions with a suite of innovative, multi-asset order routing, connectivity and trading solutions, including NYFIX, one of the industry’s largest FIX-based trading communities. Itiviti merged with ULLINK in March 2018, creating a full-service technology and infrastructure provider.
The acquisition strengthens the vendor's product portfolio for financial services.
Cloud enables firms to store and access data in a flexible, 'capital lite' manner.
Network combines carrier-grade connectivity with cost-effective scale and resiliency.
Buy-side shop will leverage TT’s colocation and fiber to trade derivatives and cryptocurrencies.
The deal brings together local liquidty and global connectivity.