The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Baring Asset Management


baring

When Baring Asset Management (Barings) first decided to augment their existing broker connections in mid-2006, they investigated several possible hub providers offering multiple broker connections before deciding upon the London Stock Exchange’s FIX Gateway service.

Key factors in Baring’s decision to use the FIX Gateway were:

  • Network neutral; they could continue using their existing network rather than being forced to use a supplier’s preferred network
  • Lower cost; FIX Gateway costs are highly competitive
  • Lower perceived risk; they were able to test the FIX Gateway service over their existing infrastructure without committing to a large investment in a new network
  • Increased flexibility; they can add additional Hub providers or run more point to points if required
  • Coverage; the London Stock Exchange gives access to a range of smaller niche brokers in addition to the larger firms, and was able to provide 98% of the coverage Barings required, versus 70% from the closest competitor


Since connecting to FIX Gateway, Barings have grown their connections to include brokers within mainland Europe, the US and Asia. These additional brokers have been quickly enabled with minimal IT support.


They have seen an increase in FIX equity trades processed through their OMS to in excess of 85% today.


Brian Mitchell, Head of Dealing & Portfolio Control at Baring Asset Management commented:


"Switching to the London Stock Exchange FIX Gateway service has proved a resounding success for us; we’ve extended our coverage and are seeing a steady increase in the volumes of FIX trades done through our OMS system. All this has been achieved at relatively low cost and with minimal risk, aided by the London Stock Exchange’s vendor and network neutral platforms. We are looking forward to growing our connections via the FIX Gateway over the coming year."

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds