MetaBit has gone live with the first Japanese implementation of its XiliX multi-broker direct market access connectivity tool at an undisclosed hedge fund. XiliX is a FIX-enabled, broker-independent trading solution that provides scalable execution for real-time equities trading. The system features intelligent order routing and algorithmic trading including VWAP, pairs, long/short equities strategies and market depth trading that can be controlled manually or set to auto-trading modes.

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