AX Trading Announces the launch of AXioi

Industry's first open, integrated actionable IOI solution

Feb 05, 2016, 12:10 ET from AX Trading Group, Inc.

NEW YORK, Feb. 5, 2016 /PRNewswire/ -- AX Trading today announced the launch of AXioi, the industry's first open and integrated actionable IOI (Indication of Interest) solution.

AXioi allows broker-dealers to stream actionable liquidity to targeted buyside counterparties and for those buyside firms to interact with that liquidity seamlessly in a secure environment. AXioi is integrated with IOI messaging systems such as Autex and Bloomberg and also offers an open API to integrate with buyside and sellside OMS/EMS systems.

Buyside  traders  want easier ways to interact with and manage the hundreds of liquidity opportunities that are presented to them every day. AXioi is designed to help facilitate those transactions.  

Broker-dealer users of AXioi can send live, firm orders to AXioi, which then triggers actionable IOIs. The AXioi "hub" has access to real-time market data and also a database of 5,000 buyside traders at 2,000+ firms in the U.S. alone. AXioi can update the order and the IOI based on live market data and deliver it electronically to the buyside counterparties selected by the broker. For their part, buyside traders know exactly the nature of the liquidity that is being presented to them and can access it seamlessly and electronically via their OMS/EMS.

Traditionally, sellside brokerage firms sent "Indications of Interest" (IOIs) to their buyside customers. These were electronic messages often sent on IOI messaging systems such as Autex and Bloomberg or streamed via FIX into the buyside OMS/EMS system.

The goal of AXioi is to make the "upstairs" trading market more transparent, more centralized, more standardized and more data driven while not in any way diminishing the relationships or the economics that currently exist between brokers and their customers.

Said Kevin Callahan, President of AX Trading: "The buyside wants actionable liquidity at its fingertips that it can access seamlessly as a part of its trading workflow. However, the emerging infrastructure for managing, delivering and trading against actionable IOIs leaves much to be desired. This is where AXioi can play a value added role for both the buyside and the sellside."

For more information contact:

George O'Krepkie
AX Trading Group, Inc. 
6 East 45th Street, 19th Floor
New York, NY 10017 
Office: 917-262-0388

Kevin Callahan
Founder & President
AX Trading Group, Inc. 
6 East 45th Street, 19th Floor
New York, NY 10017 
Office: 917-262-0388

About AX Trading

The AX Trading Network is the market's first "Electronic Trading Network" (ETN), allowing institutional traders from the buyside and sellside the ability to proactively connect and trade with their targeted counterparties in a secure environment. In today's trading world, where more and more liquidity is being withheld from the market, AX provides a way for these traders to proactively reach out to potential counterparties while at the same time controlling the display and distribution of trading information via actionable IOIs. AX Trading, LLC is a SEC-registered broker-dealer and Alternative Trading System (ATS) and is a member of FINRA and SIPC. AX can be reached at 917-262-0388 and at


SOURCE AX Trading Group, Inc.