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Innovest offers electronic trading capabilities through NYSE Technologies


Innovest Systems, a financial technology firm specialising in trust accounting and wealth management solutions, will offer its clients additional electronic trading capabilities through integration with Appia, a low latency FIX engine developed and managed by NYSE Technologies. 

Innovest’s trust and wealth management clients will now have the ability to fully optimise trading efficiency. 

Users of Innovest’s flagship product, InnoTrust, a trust accounting and wealth management platform, will now be able to perform real-time placement of trade orders through Appia, a widely adopted global FIX engine. 

Appia will manage and validate all electronic trading messages that use the FIX protocol for InnoTrust users.

Leveraging the power 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, Innovest Systems’ chief executive officer, says: "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."

Bob Moitoso, senior vice president, NYSE Technologies, adds: "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."

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