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Arcons Technology Integrates FIX Protocol for Trading Optimization

Arcons Technology, Inc. has made a significant leap in trading efficiency with the integration of the FIX (Financial Information eXchange) protocol into their tradePort platform, catering to firms needing robust trading and rebalancing solutions. As the financial landscape evolves, the necessity for speed and accuracy in transaction handling becomes paramount. Arcons’ tradePort aims to address these challenges by simplifying the trade allocation process while enhancing regulatory compliance.

Streamlined Trading Solutions

tradePort serves as an advanced trading and rebalancing solution, enabling institutions to execute trades seamlessly. Users have the flexibility to manage one-off trades or set allocation models that can adapt to their evolving needs. Added to this, a single button click can facilitate firm-wide tax loss harvesting and help prevent issues related to wash sales. This level of automation significantly reduces manual workload, allowing firms to focus on their core financial strategies instead.

Firms that manage numerous accounts understand the urgency of promptly sending daily trades to custodians. The integration of FIX on tradePort makes it easier to send these trades expediently, ensuring that all investment executions are accurately allocated to the correct accounts. Especially during quarterly rebalancing or frequent trading activities, the demands for accuracy and timeliness multiply. The FIX integration assures that back-office staff have a reliable tool to mitigate operational risks.

High Efficiency through Partnership

The collaboration with FIX providers such as SunGard and Flyer brings a new layer of efficiency to the trade execution process. By leveraging these partnerships, advisory firms can transmit their trades to custodians across multiple FIX connections with ease. Executed trades are systematically allocated to respective accounts through FIX messages, drastically reducing the chances of human error.

Jeff Smith, Managing Director at One Capital Management, shared his experience, stating, "We use FIX to execute the trades and are happy that tradePort is integrated with FIX. We have accounts at multiple custodians including Schwab, Fidelity, NBIN, and Goldman Sachs. Multi-currency trading was our biggest challenge, but tradePort handled it flawlessly. The Arcons team is remarkable in turning things around quickly." This feedback underscores the importance of a smooth FIX integration for organizations operating with multiple custodians.

A Focus on Automation

Hemant More, CEO of Arcons Technology, emphasized how the FIX integration automates trade execution, boosting overall efficiency for advisory firms. “The trade execution process is now fully automated, and we believe this level of efficiency will prove invaluable to our clients. The FIX connection is backed by robust providers like Flyer and SunGard, and we can easily accommodate additional custodians on request,” stated More.

As the financial realm continues to grow in complexity, Arcons is committed to integrating innovative technologies that bring significant benefits to their clients. With a focus on scalability, they aim to meet the diverse needs of firms managing assets in excess of $1 trillion. This dedication to flexibility in their digital services allows clients to choose specific modules from their comprehensive product suite, Portfolio Edge, that best fit their operational requirements.

Founded in 1998, Arcons has consistently tailored its solutions to maximize efficiency and meet client demands cost-effectively. As this new FIX integration demonstrates, they are well-positioned to help firms navigate the increasingly intricate world of trading.

For more information on Arcons Technology, Inc. and their innovative products, please visit their website or contact their media relations department.