Fidelity's NFIS Gears Up To Market ILN Facility To Broker, Manager Clients
AUTOMATED TRADING
Having been quietly operating its Institutional Liquidity Network (ILN) for four months, Fidelity Brokerage Inc. is now talking to its customers about using the system. ILN is an order-routing and execution facility developed by Fidelity's National Financial Institutional Services (NFIS) subsidiary.
NFIS began operating the system--offering it to Fidelity Capital Markets Co.'s buy-side clients--in February 1992. Now, the system is handling more than three million shares a day for 30 of NFIS's
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