Imported from previous forum
Buenos Aires, October 9th, 2007. Primary, the leading financial technology company in the Latin American region, announced today that Primary FIX Exchange —its main securities trading and information platform— has been updated to adopt the latest version of the Financial Information Exchange Protocol, FIX (Version 5.0).
“This announcement reinforces Primary’s leading position in the industry, as there are no other known implementations of FIX 5.0,” stated Alfredo Conde, Director of Primary.
Additionally, FIX Exchange features AutoFIX, an innovative system that automatically updates the platform directly from The FIX Protocol Organization (FPL) when new versions and “service packs” are released. This feature is unique in the market and essential for exchanges and financial entities that use this type of technology.
“FIX 5.0 was recently awarded the Best Utility Technology award this year by the ‘Operations Management’ journal. The new release supports all the pre-trading, trading and post-trading processes and is the technology of choice of the most important exchanges in the world (including CME, NYSE, NASDAQ, LSE, ISE, Deutsche Borse, OMX and NYMEX) for a joint project hosted by FPL with the objective of defining best practices in the industry and standardizing the interfaces of their various electronic trading systems. This is the first step towards much more efficient global integration," explained Ignacio Plaza, Managing Director of Primary.
The company is already successfully operating the Primary FIX open platform in Rofex, the largest futures exchange in Argentina, enabling brokers, traders and other clients to trade via mobile phones, web pages, Excel spreadsheets or to develop their own applications. “In August, we experienced record volumes in both Rofex and MEC (an electronic wholesale FX marketplace) " added Conde.
About Primary www.primary.com.ar
Primary Trading Solutions is a leading service and software provider that offers consulting, design, development, outsourcing and support services for the banking, securities and investment management industries.
Founded in 1998, Primary manages trading platforms for derivatives, FX, equities and fixed income securities, with more than 500 users in Latin America; as well as clients such as Rofex, Mercado de Valores de Mendoza, JP Morgan, Deutsche Bank, BBVA, Citibank, Merrill Lynch, Standard Bank, BNP Paribas Asset Management, Mercado Electrónico de Cambios and Bolsa de Comercio de Rosario.
Offering the best technology available and value-added solutions for global connectivity, electronic trading systems, real-time data management, decision-making support and risk management tools, Primary has become a leader in the regional market.
Press contacts
Ignacio Plaza, Primary
ip@primary.com.ar
+54.11.5199.9851
Mariel von der Wettern/ Inés Martí
mwettern@impact-pr.com.ar / imarti@impact-pr.com.ar
+54.11.4803-5999