Imported from previous forum
June 02, 2006. Erste Bank, Austria has gone live using xConnect as a central FIX connectivity hub.
xConnect builds a bridge between multiple internal systems and the outside world.
Bloomberg and Reuters ROR conformance tests have been completed and the first customer is already live. It is also possible to connect directly using Erste Bank’s own rules of engagement.
FIX versions 4.0, 4.2 and 4.4 are supported and other flavours are available on request. Initially trading will be in equities but this will later be extended to other asset classes.
xConnect was tailored to interface with Erste Bank’s OMSs – proprietary as well as externally supplied - via FIX. It will also be used as a FIX connectivity hub, routing orders between Erste Bank’s sister banks in Central Europe.
The project design, development and installation was carried out for a fixed price. An early test bed was created using XLFiX to provide repeatable test cases.
“We are very pleased that Erste Bank chose xConnect as their central connectivity solution. During the course of the project, we have built up a good working relationship with their IT team, and look forward to this relationship continuing in the future.”, said George Macdonald of Macdonald Associates.
xConnect runs as a J2EE application under JBoss with QuickFIX/J as a central FIX engine. QuickFIX is a widely used, open source FIX engine.
http://www.macd.com/news.html
http://www.macd.com/xconnect.html
http://www.xlfix.com
About Macdonald Associates
Macdonald Associates Ltd. was founded in 1983 and is a leading provider of market connectivity. They are a member of the FIX Protocol Organization and have customers in nine countries.
In 2001 glox Ltd. was established to provide cost efficient and simple exchange connectivity for financial institutions. Coupling a FIX interface with a fully functional Java front end, glox provides a fully hosted connectivity solution for market access.
About Erste Bank
Based in Austria, Erste Bank is Central Europe’s foremost financial services group. They provide banking, investment, loans and insurance services, and focus on consumers and small to medium-sized companies.
Erste Bank operates successfully in the fastest growing economies in the region, aiming to provide their 15.2 million customers with a high standard of personal service and a comprehensive range of financial products.