VIANET Technology Group, Ltd (VTGL)

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In general, they provide access to the NYSE (used mostly by financial institutions; no retail).

From Vianet Direct website:

VIANET’s suite of products are at the forefront of electronic trading and yet, leverage existing systems used by the marketplace and the NYSE.

VROUTESM (VIANET Order Routing)
VTACSM (VIANET Timed Anonymous Cross)
VSPASM (VIANET Suggested Price Auction)
VSEARCHSM (VIANET Intraday Search System)

http://63.135.115.64/products.asp


Here are some FAQ:

1. How is VIANET different?
The advantages of VIANET include a robust technology that permits multiple institutions to interactively negotiate and execute block orders in an absolute anonymous trading environment. This system is geared to execute “fast” at the best market price, as well as “slower” as part of the auction market, working orders and taking advantage of price discovery. This hybrid capability allows the institution to choose the most suitable method of execution that best fits their strategy while always minimizing market impact.

2. What is a Primary Stock Broker (PSB)?
The PSB is a fully automated agency broker on the New York Stock Exchange. Our PSBs connect to VIANET using their existing wireless hand-held devices. Each PSB represents network orders based upon their assigned floor locations and particular expertise in specific crowds. VIANET’s network consists of over 100 PSBs, which allows for 5-7 brokers per post. The size of this network permits VIANET to thoroughly cover all equities represented on the floor of the NYSE.

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3. How do I connect to VIANET?
VIANET’s model allows customers to utilize their existing order management systems (OMSs) to interact with a variety VIANET products. VIANET can support order routing from these OMSs over any FIX interface and through an array of pre-existing networks. We have already been certified with the following network providers:

Macgregor
Traderoute (Charles River, Eze Castle, Linedata, Advent)
Tradeware
TNS
4. What types of firms participate in VIANET?
VIANET invites all market participants in the buy and sell side communities to participate in VIANET’s suite of products. VIANET excludes all retail customers from interacting with the system.

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5. How do I become a VIANET customer?
VIANET is open to all broker dealers and buy-side participants. Potential customers simply complete a client information sheet and VIANET will coordinate with the appropriate order management systems and network providers for seamless connectivity to your existing systems. For more information please contact our sales department at 212.747.0019.

6. Does VIANET provide pre / post trade anonymity?
VIANET provides full anonymity throughout its processing; from pre-trade all the way through clearing and settlement. All customer transactions are cleared and allocated between the customer and VIANET, enabled through VIANET’s clearing relationship with Merrill Lynch Broadcort. VIANET interfaces directly with Oasys and Alert products for electronic allocation processing.

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7. What type of trade support does VIANET offer?
VIANET maintains a control desk at our New York office. Our highly trained staff is here to support our customer base, PSBs and internal staff. Control desk personnel can assist customers with new account set-ups, trade inquiries, technical problems, and clearing and settlement procedures. All representatives are fully licensed, and maintain complete anonymity for our customers.

8. What are the hours of operation and crossing session times?
Order Acceptance: 8:30AM – market close
Control Desk Assistance: 8:00 AM – 5:00 PM

VTAC, VIANET’s Timed Anonymous Cross, will initially conduct 10 crossing sessions each day at the following times:

9:50 AM
10:15 AM
10:45 AM
11:15 AM
11:45 AM
1:15 PM
2:15 PM
2:45 PM
3:15 PM
3:45 PM
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9. Where do trades execute in VIANET?
All VIANET orders in listed securities will be executed on the New York Stock Exchange. However, VIANET maintains the ability to internally execute orders and print on the third market. NASDAQ securities will utilize an internal execution.

10. How do trades settle?
VIANET outsources all clearing and settlement functions to Merrill Lynch Broadcort. Allocations can be received electronically from Oasys.

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11. What is the difference between VTAC’s executions and existing crossing networks’ executions?
Unlike other crossing sessions, which match buyers and sellers internally and print third market, VIANET increases the execution rate by including unpublished floor liquidity into its cross.

12. How does VIANET charge?
VIANET is a registered NASD member firm that charges a per-share commission for each trade executed through the system. There are no fees for VIANET software or for connecting to our system.

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13. Do I need to subscribe to all VIANET products or can I pick and choose?
While we at VIANET believe you can benefit from participating in all of our products, each customer can choose amongst available products to find those most beneficial to their trading strategy.

14. What role does the NYSE have in VIANET?
VIANET’s system leverages all the products of Network NYSE; including NYSE+, Institutional Xpress, BBSS, and e-Broker and the new NYSE HYBRID Market.

http://63.135.115.64/faq.asp#faq2

GLTA,