FIX Flyer Announces Automated Trading Capabilities for Morningstar Total Rebalance Expert (TRX)

FIX Flyer, LLC announced today a new relationship with Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, to deliver automated trading capabilities for Total Rebalance Expert (TRX), Morningstar’s automated, tax-efficient investment portfolio rebalancing platform for independent financial advisors.

FIX Flyer’s integration with Morningstar TRX streamlines the trading process by automatically routing trade orders directly to brokers and custodians for all asset classes. TRX users use FIX Flyer’s trade order management system to review, submit, and monitor orders in real-time with a single click. Flyer Trading Network, FIX Flyer’s unified centralized connection to multiple brokers and trade and post-trade workflows, automatically manages the connections to all the major custodians and brokers.

“Registered investment advisors today are demanding automated trading, eliminating cumbersome manual processes that can lead to higher operational risk and cost,” said Bradley Kellogg, COO, FIX Flyer. “Our integration with Morningstar TRX will make it easier for advisors to seamlessly route and manage orders across their brokers, giving them the freedom to get more done.”

Manual trade processes that require exporting and uploading trade files to brokers and custodians can be repetitive, time consuming and inefficient. The manual process breaks down as an advisor’s business expands impeding his or her ability to scale and grow.

“Integrating FIX Flyer’s trade and connectivity platform to TRX saves time, eliminates manual processing, reduces errors, and provides advisors with a real-time view on trade flow with custodians and brokers,” said Rahul Ravikrishnan, Senior Product Manager at Morningstar. “Automated trading gives advisors a chance to focus on what’s…

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