Financial Technology Labs Provides Fixed Income Liquidity Management to RH Investment Corporation

MELBOURNE, Fla., Oct. 4, 2011 /PRNewswire/ -- Financial Technology Labs, Inc. (FTLabs), a leading provider of technology solutions for the fixed income securities market, today announced the deployment of the Fixed Income Routing Engine (FIRE™) managed service for RH Investment Corporation.

The RH Investment Corporation bond desk uses the FIRE™ technology for routing quotes, orders, and executions between Zia Trading's fixed income trading system and multiple fixed income electronic communication networks (or ECNs), including TheMuniCenter, Tradeweb Retail, Bondtrac, and Knight BondPoint.  The FTLabs routing technology uses the Financial Information eXchange protocol (FIX) to seamlessly integrate with the Zia Trading system and allows RH Investment's traders to post offerings and bids on multiple ECNs and automatically reduce the quantity available on each ECN as orders are received.

"The FTLabs solution provides our traders with state-of-the-art technology to further enhance and automate their workflow, while exposing our quotes across multiple ECNs simultaneously.  The ability for the system to automatically update offers when receiving an order enables our traders to maximize exposure of our offers without worrying about overselling," said Romeo Portillo, Chief Operating Officer, RH Investment.

"The arrangement with RH Investment and Zia Trading demonstrates our focus on providing the fixed income industry and our clients with workflow automation tools that increase trader productivity and order flow," added James Rucker, President, FTLabs.  "This is a perfect example of how our managed service enhances the efficiency of a firm's trading capabilities without a large investment in technology and staff."

FTLabs worked closely with Zia Trading to develop the integration with Zia's trading system and provide workflow automation that meets the needs of their broker-dealer clients like RH Investment.  In addition to automating pre-trade quote distribution, order routing, and trade execution, the FTLabs FIRE™ service allows post-trade reporting of trades through integration with industry-leading clearing system providers.

About RH Investment Corporation

RH Investment Corporation is an NASD FINRA Broker/Dealer founded in 1983 specializing in California municipal bonds.

About Zia Trading

Zia Trading, a New Jersey technology firm, is a leading provider of trade order management systems to the bond market since 1977.

About FTLabs

Financial Technology Laboratories, Inc. is a technology company that provides system integration, custom software development and consulting services to broker-dealers and software vendors in the fixed income market.

Contact:  James Rucker of Financial Technology Labs, Inc., +1-321-248-4248, [email protected]

SOURCE Financial Technology Labs, Inc.