InformationTitleFIX Connection - Custodian InformationDescriptionBody Executive Summary (TL;DR) This article provides a consolidated reference of trading, allocation, and notification capabilities across a wide range of custodians, brokers, and execution platforms. It outlines what asset types and allocation methods each provider supports, including timing, validation, and acknowledgment details. This information helps teams quickly assess operational readiness, identify limitations, and align workflows with each firm’s supported functionality. Common Real-Life Questions Users Ask About Custodial Information for FIX Connections "Does this custodian support FIX trading for equities, and are algorithmic order types like VWAP or TWAP available?""If we send allocations through FIX, will we receive an allocation acknowledgment back?""Do we need a separate setup or approval to use FIX with this broker, or is the connection already support and active?" A B C D E F G H I J K L M N O P Q R S T U V W X Y Z How to Use This Guide Use the A–Z key at the top of the article to jump directly to the first letter of the custodian you’re looking for.Click the custodian name to expand the accordion section and view detailed FIX, trading, and allocation support information.Review asset types, allocation methods, and timing details to understand how trades flow for each custodian.Check acknowledgment and validation notes to know what confirmations to expect after submitting trades.Reference this guide during setup, troubleshooting, or decision‑making to align processes with custodian capabilities.Refer to FIX Connection - Custodian Information for the same information in a downloadable spreadsheet format. To download the spreadsheet as an Excel file, click the button from the preview page. Altruist ETF/Equities: AvailableMutual Funds: AvailableEquity Allocation: AvailableAllocation Acknowledgment Notification Received Annuity Trade Fax Trade Files APEX ETF/Equities: Available Mutual Funds: Batches one time a day around 3:45 pm ET via file. No validation. Equity Allocation: Available No Allocation Acknowledgment Notification Available Fractional Share Allocation Support: Available Axos/COR ETF/Equities: Available Mutual Funds: Real Time. Validation not included. Equity Allocation: Real Time Allocation Acknowledgment Notification Received FIX ALGO: NH, VWAP, TWAP AXOSCLI ETF/Equities: Available Mutual Funds: Real Time. Validation included Equity Allocation: Real Time Allocation Acknowledgment Notification Received Back to Top Bloomberg EMSX ETF/Equities: AvailableEquity Allocation: Not Available BTIG ETF/Equities: AvailableEquity Allocation: Real TimeAllocation Acknowledgment Notification Received Capis/LiquidityBook ETF/Equities: Available Mutual Funds: Not Available Equity Allocation: Real Time Cowen & Co ETF/Equities: Available Equity Allocation: Real Time Allocation Acknowledgment Notification Received Crowell Trade Files CTM (Allocation Service) ETF/Equities: Allocation External ServiceEquity Allocation: ~ file-based Equity Trust Company ETF/Equities: Available Mutual Funds: Real Time. Validation not included. Equity Allocation: Real Time Allocation Acknowledgment Notification Received FIX ALGO: NH, VWAP, TWAP Expert Plan ETF/Equities Back to Top Fidelity ETF/Equities: Available Mutual Funds: 15-minute batching via file. Validation included. Equity Allocation: Real Time No Allocation Acknowledgment Notification Available Fix Connection FIX ALGO: NH, VWAP, TWAP, POV, IS Implementation Shortfall, MOC, FDLM, DARK, LSA First Clearing ETF/Equities: Available Mutual Funds: Available Equity Allocation: Real Time No Allocation Acknowledgment Notification Available FIS Mutual Fund ETF/Equities FIServe ETF/Equities GS-Folio ETF/Equities: Available Mutual Funds: Real Time. Validation included Equity Allocation: Real Time Allocation Acknowledgment Notification Received Instinet ETF/Equities: Available Interactive Brokers ETF/Equities: Pending Custodian Development / Not Currently Available Mutual Funds: In Progress ISI Evercore ETF/Equities: Available Mutual Funds: Available Equity Allocation: Available Jane Street ETF/Equities: Available Janney Montgomery Scott ETF/Equities: Available Jefferson National Direct ETF/Equities: Jones Trading ETF/Equities: Available Mutual Funds: Depends on customer requirements; reach out for confirmation JP Morgan Chase ETF/Equities: AvailableMutual Funds: Depends on customer requirements; reach out for confirmation Back to Top KeyBank ETF/Equities: Available Mutual Funds: In Progress LPL ETF/Equities: Available Mutual Funds: Real Time. Validation included Equity Allocation: Real Time Allocation Acknowledgment Notification Received Matrix ETF/Equities Meridian ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification: TBD Morgan Stanley ETF/Equities: Available (MS & Co ONLY – must supply MS contact) Mutual Funds: Real Time (MS & Co ONLY) National Advisor Trust ETF/Equities: Available Mutual Funds: Via file Equity Allocation: Available Northern Trust ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification Received Back to Top Oppenheimer ETF/Equities: Available Mutual Funds: Available Pershing Advisor Services ETF/Equities: Available Mutual Funds: 15-minute batching via file. Validation included Equity Allocation: Real Time Allocation Acknowledgment Notification Received Fractional Share Allocation Support: Available – 1 leg Fractional Trading Requirement: Firms must first request Fractional Trading through their Pershing Relationship Manager (RM). The Pershing Fractional Trading Disclosure must be reviewed and acknowledged before Fractional Trading can be enabled in Eclipse. VSP Equity Allocations: Trade File Only VSP Mutual Funds: Trade File Only FIX ALGO: NH Pershing, LLC ETF/Equities: Available Mutual Funds: 15-minute batching via file. Validation included Equity Allocation: Real Time Allocation Acknowledgment Notification Received Fractional Share Allocation Support: Available – 1 leg Fractional Trading Requirement: Firms must first request Fractional Trading through their Pershing Relationship Manager (RM). The Pershing Fractional Trading Disclosure must be reviewed and acknowledged before Fractional Trading can be enabled in Eclipse. VSP Equity Allocations: Trade File Only VSP Mutual Funds: Trade File Only Pershing/Neovest Staging ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification Received Piper Sandler ETF/Equities: Available Mutual Funds: Not Available R W Baird ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification Received Raymond James ETF/Equities: Available Mutual Funds: 15-minute batching via file. No validation. Equity Allocation: Real Time Allocation Acknowledgment Notification Received RBC - Correspondent & Clearing ETF/Equities: Available Mutual Funds: Available Equity Allocation: Real Time Allocation Acknowledgment Notification Received RBC - Capital Markets ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification Received FIX Connection: Supported RBC - Wealth ETF/Equities: Available Mutual Funds: Available Equity Allocation: Real Time Allocation Acknowledgment Rydex ETF/Equities Back to Top Sanford Bernstein ETF/Equities: Available Mutual Funds: Real Time SBL ETF/Equities Schwab ETF/Equities: Available Mutual Funds: Available Equity Allocation: Real Time Allocation Acknowledgment Notification Received Fractional Share Allocation Support: Available – 1 leg Fractional Trading Requirement: Firms must first request Fractional Trading through Schwab before enabling Fractional Trading in Eclipse. FIX Connection: Supported FIX ALGO: NH, VWAP, TWAP, POV Scottrade ETF/Equities SEI ETF/Equities: Allocations Only Mutual Funds: Available – File Only Equity Allocation: Via File or Via FIX Allocation Acknowledgment Notification Received SEI Allocations ETF/Equities: Available Mutual Funds: FIX (In Progress) SIDCO (Virtu) - SEI's Execution Broker ETF/Equities: Available Stifel Nicolaus ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification Received StoneX ETF/Equities: Pending Custodian Development Strategas ETF/Equities: Available Susquehanna ETF/Equities: Available Mutual Funds: Real Time Allocation Acknowledgment Notification Received Back to Top Tourmaline ETF/Equities: Trade PMR Trade PMR ETF/Equities: Available Mutual Funds: Real Time. Validation included. Equity Allocation: Real Time No Allocation Acknowledgment Notification Available FIX ALGO: NH Tradeweb ETF/Equities: Available Mutual Funds: Depends on customer requirements; reach out for confirmation UBS ETF/Equities: Available Mutual Funds: Sent via flat file at 6:00 pm ET FIX Connection: Supported Valic ETF/Equities Virtu/Nite ETF/Equities: Available Mutual Funds: Real Time Wells Fargo ETF/Equities: Available Mutual Funds: Available Allocation Acknowledgment Notification Received William Blair ETF/Equities: Available Mutual Funds: Real Time Wolverine ETF/Equities: Available but not currently active Mutual Funds: Available but not currently active Back to Top In Summary Use this reference to quickly confirm which custodians support FIX trading, allocations, and acknowledgments for each asset type.Identify real‑time versus file‑based workflows to set the right expectations for trade timing and validation.Compare equity, mutual fund, and fractional share support to align trading activity with custodian capabilities.Flag gaps or limitations early to reduce manual follow‑ups and operational risk.Support faster onboarding and issue resolution by standardizing custodial knowledge in one place. Internal Tracking InfoURL NameFIX-Connection---Custodian-Information