InfoReach has launched FIX-based multi-leg order capabilities, which it claims will increase flexibility for clients using automated strategies, writes Jonathan Watkins.

The system for derivatives will allow traders to modify multi-leg algorithm orders if they want to implement new strategies in line with changing market trends.

Peter van Wely, head of InfoReach Europe, told FOWi that a large demand for flexibility on algorithms had prompted the development.

“We’re seeing in the UK and Europe, people increasingly using automated trading and algorithms…”