First FIX Protocol Testing and Simulation System hits Japan

Imported from previous forum

[ original email was from Koji Ito - kojii@meta-bit.com ]
FIX solutions provider MetaBit and Chicago based specialist software provider Greenline Financial Technologies today announced their strategic partnership.

Greenline Financial Technologies (Greenline) is the leader in the area of FIX testing tools in the US, European and Australian markets. Greenline’s products, VeriFIX, MagniFIX, and CertiFIX, allow automation of testing, monitoring, and certification processes of FIX compliant systems. The services complement MetaBit’s FIX offering in Japan, where Greenline has appointed MetaBit as their sole representative for sales and support. The partnership represents important strides for both firms – Greenline’s expansion into Asia, and MetaBit’s ongoing mission to offer Japan’s financial industry a complete suite of state of the art FIX services.

MetaBit’s reputation and client network in Japan will promote Greenline’s products to top tier buy sides, sell sides, and exchanges by offering them the world’s foremost FIX technologies.

“We are excited about the opportunity to provide a ground-breaking service to the Japanese market,” explains Braden Janowski, CEO of Greenline. “Ensuring quality in FIX-based systems is imperative for firms across the globe. We are confident that our partnership with MetaBit will provide a solution in Japan that is globally proven and locally supported.”

“With Greenline’s products, MetaBit is pleased to introduce a FIX service that to-date was completely absent in the Japanese market,” says MetaBit CEO Daniel Burgin, “There exists no standardized product in Japan that helps the increasing number of FIX users to efficiently emulate FIX regression tests. We have seen growing demand by sell side brokers, buy sides and exchanges alike to increase efficiency of certifying FIX infrastructures. The mutual partnership between MetaBit, Greenline and leading global FIX platform provider Cameron Systems, ads a great value proposition to our Japan client base.”

About Greenline Financial Technologies
Greenline Financial Technologies, Inc. specializes in providing systemic innovation to the US and international financial services industry. Greenline emerged with the advent of the global electronic marketplace and has since distinguished itself as an industry leader in custom enterprise development for the world’s premier financial solutions. Greenline brings a compendium of industry knowledge to every project and delivers technological performance with unrivaled dedication, expertise, and savvy. Greenline’s flagship product, VeriFIX, is recognized throughout the financial services industry as the most robust and feature-rich FIX testing/simulation tool available on the market. GFT complements VeriFIX with tools to assist companies throughout the certification and client support phases of their FIX initiatives.
www.greenlinetech.com

About MetaBit
MetaBit is the provider of Japan’s MLHTM (Market Liquidity Hub) that currently provides buy sides Direct Market Access (DMA) to thirteen brokers and access to eight exchanges. The MLHTM is powered by the world leading CameronFIX platform and is accessible through MetaBit’s intuitive buy side trading tool XiliXTM or via open Application Programming Interfaces (APIs). In Japan, MetaBit is the sole provider of FIX enabled exchange line handlers to TSE, OSE, JASDAQ, Nagoya and TOCOM, built on CameronFIX technology. MetaBit actively promotes FIX throughout Asia and assists traditional institutions with the adoption and implementation of the FIX protocol. Clients are based in Japan, South East Asia, and Europe and represent leading buy and sell side institutions.
www.meta-bit.com

[ original email was from Sam Johnson - sam.johnson@transacttools.net ]
While this is an exciting announcement, it’s not completely accurate.

ttCERT was the industry’s first automated service for FIX testing and certification when it was launched in 2000, and today it remains the industry’s only globally-available service for FIX testing, simulation, and certification. Most ttCERT customers are large financial institutions that do significant business in Japan and Asia; however, the ttCERT user community comprises some 5,000 companies of all types – Greenline among them.

ttCERT has had firms actively testing in Japan and Asia since 2002. OpenFIX, the free public FIX testing service built on ttCERT is also available worldwide.

“We are excited about the opportunity to provide a ground-breaking
service to the Japanese market,” explains Braden Janowski, CEO of
Greenline. “Ensuring quality in FIX-based systems is imperative for
firms across the globe. We are confident that our partnership with
MetaBit will provide a solution in Japan that is globally proven and
locally supported.”

“With Greenline’s products, MetaBit is pleased to introduce a FIX
service that to-date was completely absent in the Japanese market,” says
MetaBit CEO Daniel Burgin, “There exists no standardized product in
Japan that helps the increasing number of FIX users to efficiently
emulate FIX regression tests. We have seen growing demand by sell side
brokers, buy sides and exchanges alike to increase efficiency of
certifying FIX infrastructures. The mutual partnership between MetaBit,
Greenline and leading global FIX platform provider Cameron Systems, ads
a great value proposition to our Japan client base.”