Imported from previous forum
Greenline Partners with Casa de Bolsa Finamex to Deliver VeriFIX®
Automated Testing Improves Quality and Accelerates Deployments
CHICAGO, May 8, 2012 – Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced that Casa de Bolsa Finamex, Mexico’s premier brokerage firm for multi-asset execution services, has selected Greenline’s VeriFIX for automated and reliable business-wide system testing. Finamex uses VeriFIX to test connectivity and functionality between its own applications and vendor networks, client order management systems (OMSs) as well as equities and derivatives exchanges in Mexico.
“Greenline’s VeriFIX is a powerful tool that has allowed Finamex to save time and resources when doing application testing at many different levels. Tests can be automatically conducted at any time, helping our technologists to do complete quality assurance more efficiently and at earlier stages in the development process. In today’s markets, a single code change may imply hundreds of additional test cases. Plus the ever-changing regulatory environment makes our testing cycle more frequent and significant than ever before. The precision and reliability of VeriFIX enabled us to not only perform high-quality testing but also to achieve the deepest coverage ever compared to traditional testing methods,” said Hector Casavantes, Director of Electronic Trading at Finamex.
“Our partnership with Finamex reinforces our commitment to developing sophisticated electronic trading solutions for market participants in Mexico. Finamex has fully embraced electronic trading in their business model and serves as a full-service brokerage for clients looking to access both local markets in Mexico and markets around the world. Through Greenline’s high quality, reliable automated testing solutions, Finamex can rapidly achieve testing and accelerate deployment so clients can begin trading,” said Josh Tolman, President at Greenline.
Greenline has over 10 years in the capital markets technology industry and currently partners with over 30 exchanges globally, including 8 of the top 10 exchanges, as well as over 50 of the world’s largest global broker-dealers. Greenline supports the MILA (Mercado Integrado Latinoamericano) initiative – Latin America’s first combined trading platform.
Casa de Bolsa Finamex has been established as a leader in the stock markets in Mexico since 1990. Finamex offers several trading models for the capital markets for clients interested in: execution quality, such as program trading and other high-touch execution services; performance and pricing for direct market access (DMA), co-location and sponsored access services; and lastly broker services such as trading advisory, execution screen development, white labeling services and highly customizable algorithmic trading solutions.
About Greenline
Greenline provides superior FIX and proprietary protocol and electronic trading technology solutions and services across all asset classes for leading global financial institutions. Greenline’s flagship product suite, VeriFIX®, CertiFIX®, MagniFIX®, MetriFIX® and Latency Monitor, delivers end-to-end global connectivity solutions for any electronic trading environment using or migrating to FIX and proprietary protocols. In addition, its premier Professional Services consultancy can evaluate and improve clients’ business strategy and trading technology operations, leveraging its expertise across all connectivity and messaging protocols. With global reach and client experience, Greenline is ideally positioned to meet the demand for connectivity and related trading technology. Greenline Financial Technologies, Inc. is a member of FIX Protocol Limited – North Americas, and is a wholly-owned subsidiary of MarketAxess Technologies, Inc. For more information, please visit www.greenlinetech.com.
About Casa de Bolsa Finamex
Casa de Bolsa Finamex is the leading provider of high-quality execution services and market access products for the Mexican stock markets. For more than 20 years, Finamex has been a leader in its domestic financial services industry consistently ranking as one of the best and most advanced independent broker dealers in the country. Finamex services diverse participants such as institutional, corporate and professional investors worldwide. For more details, please visit www.finamex.com.
Business Contact
Tim Wilcox
Head of Sales, Americas
Greenline Financial Technologies, Inc.
Tel: +1.312.235.5603
Email: twilcox@greenlinetech.com
Media Contact
Diana Bhaktul
Marketing and Communications
Greenline Financial Technologies, Inc.
Tel: +1.212.813.6354
Email: dbhaktul@greenlinetech.com