Baring Asset Management, part of the ING Group, has licensed the Financial Fusion Server with GlobalFIX to advance its transition to electronic trading.
The server offers an end-to-end solution for Baring's investment customers and brokers to electronically process indications of interest, quote requests and trades using the Financial Information eXchange (FIX) protocol.
Additionally, the technology will enable the investment management firm to support ISO 15022 Working Group 10, accommodating the convergence of FIX and Swift as well as other industry initiatives such as Omgeo and GSTPA.
Mike Clegg, group head of investment operations, Baring Asset Management, comments: "We are committed to extending our enterprise-wide STP environment and with the integration of the Financial Fusion Server into our systems we are closer to our ultimate goal."