Imported from previous forum
[ original email was from Tony Johnson - tony.johnson@cognito-europe.com ]
· SolutionForge’s FIX engine to be integrated with Monument Securities’ existing Order Management System.
· FIX.NET Server 2002 will provide Monument Securities’ equity dealers with STP links to third party institutions and exchanges.
18th December 2002 – London – SolutionForge, the UK-based provider of financial Straight-Through Processing solutions, today announced that Monument Securities has selected its FIX.NET Server 2002 FIX engine to add FIX connectivity to its current Order Management System (OMS).
FIX.NET Server 2002 is SolutionForge’s market leading Microsoft-based FIX messaging solution and will ensure seamless transaction data flow between Monument Securities’ equity dealing desks and other third party institutions and exchanges. Monument Securities’ selection of FIX.NET Server 2002 is part of a programme to upgrade its present manual processes for equity dealing, to reduce the need for data re-entry.
Monument Securities was formed in 1991, and is one of the leading independent broking houses. Monument Securities is implementing FIX messaging as a development of its commitment to provide clients with the most efficient dealing environment available, by providing the means to process trades in as fast and cost-effective a manner as possible.
With more and more participants in the financial markets turning to Microsoft for their technology infrastructure, SolutionForge developed FIX.NET Server 2002 in Microsoft .NET, specifically to cater for this market. However, the inherent flexibility in .NET means that SolutionForge’s technology can be integrated just as easily into non-Microsoft environments.
Steve Wilkinson, founder and CEO of SolutionForge, comments, “We are delighted to announce that Monument Securities has selected FIX.NET Server 2002 to add FIX connectivity to its OMS. There is a plethora of FIX solutions for institutions to choose from, but FIX.NET Server 2002 is proving to be incredibly popular, with users currently on all sides of the securities market, from Buy Side, through Sell Side to Exchanges.”
Martin Burton, Managing Director, Monument Securities, adds, “We took the decision to add FIX connectivity to our OMS because we wanted to ensure our clients receive the best service possible. FIX.NET Server 2002 will enable our dealers to concentrate on their core competencies and remove the need for manual intervention and re-entering of data. We chose FIX.NET Server 2002 because it is a proven solution, which we are certain will make a difference to our operations. We look forward to a long and prosperous relationship with SolutionForge.”
ENDS.
ABOUT SOLUTIONFORGE
SolutionForge serves the international financial community with a specific focus on Straight-Through Processing solutions. As an experienced provider of solutions that implement the Financial Information Exchange protocol (FIX), SolutionForge has developed a track record of successful customer projects, by complementing off-the-shelf software with focused professional services.
For further information visit www.solutionforge.com
Contact: Kevin Lee +44 (0)1277 312 304.