Autex


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Autex

Video communication network through which brokerage houses alert institutional investors of their desire to transact block business (a purchase or sale) in a given security. Indications transmit small, medium, and large sizes only, with occasional limits mentioned. Supers are messages with specific size and price included. Both "indications" and "supers" can be only seen by customers (institutional subscribers to Autex). Trade recaps, advertised block trades entered by the dealer/subscribers, are also displayed, but can be seen by both institutions and dealers. See: Expunge, size.

Autex

An electronic network allowing broker-dealers to communicate with each other easily when they receive orders to buy or sell a large block of securities. Autex allows broker-dealers to find a better, or at least a similar, counter-offer from another broker-dealer. This allows them to transact with other broker-dealers rather than automatically sending the block to the market maker, who is obliged to fill the order if need be. Autex is less commonly called the super message.

Autex

An electronic network alerting broker-dealers to the interests of other broker-dealers in buying or selling large blocks of securities. For example, a broker may have an institutional customer interested in disposing of 100,000 shares of a stock. Rather than dumping such a large order on the exchange specialist, the broker could use the Autex system to determine whether other broker-dealers are interested in, or have customers interested in, acquiring that block of stock.
References in periodicals archive ?
Thomson Reuters Autex Trade Route is an excellent tool that supports our efforts to provide clients with efficient execution across emerging markets.
Autex Trade Route will help these firms to connect easily to international markets and offer the international buy-side community unprecedented broker-neutral access to local markets in the Middle-East, said a senior official.
For further discussion of Autex and Instinet, see 5 Loss & Seligman, supra note 1, at 2577-78.
READY TO TALK: 4Networking local group leader Jo Fox, of Autex UK
Russel, Presented at the 7th Annual Textile Conference AUTEX, Tampere University of Technology Publications, Tampere, Finland (2007).
Preparation and characterization of (Meth)Acryloyloxystarch, AUTEX Research Journal, 3, 85-89 (2003).
TAPE AlliedSignal, ADCO American Biltrite, Tape Products Autex Automotive Products LTD.
Thomson Direct's IB Profiler will allow end users to obtain premiere data on global public and private companies from First Call, The Investext Group, Securities Data Company, AutEx, CDA, and other Thomson companies.
This latter is the Brasilia Kiss' espresso in a filter, a roasted ground coffee of Italian blend styling that the firm has made to fit its entire range of espresso systems (this is part of a joint venture with Autex in the Holland).
During this time, Keith served as the CEO of Thomson Financial International for seven years, founded and directed Thomson Financial's Corporate Venture Capital Group, and founded and developed many of the products and services for Thomson Financial's Straight Through Processing ("STP") initiatives, including the Thomson Electronic Settlement Group (now "Omgeo") and AutEx TradeRoute.
Tradeweb, a technology and electronic trading platform provider, has added UK market making firm Winterflood to its Autex indications of interest (IOI) service.
VITEX--Virtual Enterprises in the Textile Chain, in: Proceedings of the 6th World Textile Conference AUTEX 2006; Raleigh (NC, USA), June 11-14 2006.