Innovest’s trust and wealth management clients will now have the ability to fully optimize trading efficiency. Users of Innovest’s product, InnoTrust, a trust accounting and wealth management platform, will now be able to perform real-time placement of trade orders through Appia, a global FIX engine. Appia will manage and validate all electronic trading messages that use the FIX protocol for InnoTrust users.
Leveraging the features of Appia, InnoTrust’s order management capabilities support the placing of market orders, limit orders, stop loss orders, day orders, good ’til cancelled orders, and stop limit orders. Other current order management capabilities include order blocking, portfolio rebalancing, bulk order entry with allocation to underlying accounts, and ‘what if’ portfolio viewing. Across all asset types, InnoTrust currently processes more than 1.2 million trades per month.
William Thomas, CEO of Innovest Systems, said: “We are pleased to be working with Nyse Technologies. Appia is one of the most reliable FIX engines available on the market today. Leveraging Appia enables Innovest to provide our wealth management clients considerably more flexibility as to how they place their real-time orders and they can be confident that Appia can handle all of their trading volumes, no matter the size, uninterrupted.”
Added Bob Moitoso, senior vice president of Nyse Technologies, said: “Innovest clients will benefit from the high performing capabilities of Appia and can be assured that we’re continuing to innovate and adapt to meet the marketplace’s needs.”