Financial services

MBA Systems launches IB.Net2

17 June 2008

MBA Systems has launched IB.Net2, the latest version of its Internet Broker software for online trading.

The latest release includes a new front-end database facility, a new limit order system, an enhanced payment utility and an expanded range of tradable instruments, providing greater flexibility in use while enhancing account management and enabling cost savings.

IB.Net2 also incorporates an expanded range of tradable instruments to include unit trusts and other collective investments. Employing straight-through processing and utilising a FIX interface with EMX, funds are traded almost entirely automatically. This eliminates a considerable amount of routine manual processes.

“MBA continues to invest in its electronic trading application,” said Stephen Taylor, director at MBA Systems. “The latest version of IB.Net brings with it an even greater level of automation to the broking process, ensuring that it stays ahead of market requirements.”