Block Trading International Partners with MIXIT; Offers New Stock Auction Platform

BELIZE CITY, Belize--(BUSINESS WIRE)-- Block Trading International has contracted with MIXIT Inc. to provide a complete turnkey solution for its customers and will implement MIXIT’s OATS and ACT reporting modules, enabling Block Trading International to offer new services to its large institutional and hedge fund customers; namely the ability to place block trades through a stock auction platform.

The new stock auction platform will be the only auction platform offered to institutional clients in the U.S. Because of MIXIT’s turnkey compliance capabilities, the platform meets all OATS and ACT reporting requirements. The platform will bring the largest funds and buy side firms into one market place to effectively move large blocks of stock without price erosion. The first mini-prime broker to utilize the platform isSecureVest Financial Group. The scheduled release for the auction platform is first quarter 2012.

Companies traded in the S&P500 will be allowed in the auction process immediately. Other qualified companies will be allowed to enter the platform through BTI registration.

“SecureVest is pleased to offer this new platform, as it provides the first opportunity for market participants to auction large blocks of stock without price erosion,” said Bill McIntosh, Vice President at SecureVest Financial Group.

Customers interested in opening a BTI account should contact Bill McIntosh at SecureVest at 516-393-2690 or via e-mail to [email protected] or you may visit Block Trading International and register directly at www.bticrp.com.

About MIXIT

MIXIT is a broker-neutral, multi-asset trading platform offering an Order/Execution Management System (OMS/EMS), FIX connectivity, and compliance solutions to the financial services industry. MIXIT's integrated suite of technology supports institutional and broker-to-broker-based trading across equities and options. The MIXIT routing network encompasses all major algorithms, exchanges, brokers, crossing venues and dark pools. We offer electronic, real-time trading solutions, including front, middle and back-office products, in addition to compliance offerings. www.MIXITusa.com

In August 2011, MIXIT Inc was acquired by Patsystems, a leading provider of derivatives trading and risk management technology solutions. For more information on Patsystems, please visit www.patsystems.com.

About SecureVest Financial Group

SecureVest Financial Group is a full service brokerage firm catering to both retail and institutional accounts. SecureVest’s equity sales and trading professionals are focused on exceptional service, high touch timely market information and anonymous execution.

Our trading platform grants access to primary exchanges and ECN’s together with the industry’s leading broker- neutral algorithmic trading platforms and trading systems. We strive to build strong client relationships and adhere to principles of best execution. For more information, please visit us at www.securevest.com

For Block Trading International
SecureVestBill McIntosh, 516-393-2690
[email protected]

Source: Block Trading International