Imported from previous forum
B2BITS®, EPAM Systems’ Capital Markets Competency Center providing tools and technologies for exchange connectivity, OMS and EMS solutions, has announced that it has completed the MFIX Market Data implementation for the Moscow Interbank Currency Exchange (MICEX) Group, the largest exchange in Russia, the CIS, and Central and Eastern Europe.
MICEX teamed up with B2BITS®, which has solid track record in security industry solutions development and implementation, to create a generic market data interface compliant with the standard Financial Information Exchange (FIX) protocol.
MFIX Market Data provides subscription services to all securities traded on the exchange, as well as data snapshots, incremental updates, instrument definitions, and status information. MFIX Market Data supports both the FIX (versions 4.2 and 4.4) and FAST protocols, and its interface enables access to MICEX via a diverse range of vendor solutions designed for brokers, investment, and insurance companies. The services and interface provided by MFIX Market Data dramatically reduce the time for on-boarding of new clients.
“The implementation a globally recognized protocol for market data distribution at MICEX is a significant step forward”, said Alexandre Shlyappo, Director of the Trading Systems Development Department at MICEX. “B2BITS® FIX and FAST technologies provide superior throughput and very low latency, thus allowing us to substantially reduce the connectivity time and offer real time data streaming advantages to our global market participants.”
“We are proud to have been involved in the implementation of the FAST and FIX protocols for the biggest Russian Exchange. Carried out jointly by B2BITS®, EPAM Systems’ Capital Markets Competency Center and MICEX’s IT Department, the integration with the exchange platform was a technological challenge which we have successfully overcome. We look forward to supporting and extending the usage of MFIX Market Data to clients globally,” noted Mark Bisker, Senior VP of Banking and Finance Solutions, EPAM Systems.
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For more information please contact sales@b2bits.com