Imported from previous forum
[ original email was from David N.W. Sawyer - david.sawyer@radianz.com ]
RADIANZ TO PROVIDE IP-BASED FIX NETWORKING TO FORTIS INVESTMENTS
NEW YORK and BRUSSELS (July 9, 2003) - Radianz today announced it has been selected to provide networking that supports the Financial Information eXchange (FIX) protocol to Fortis Investments.
Under a three-year contract, Radianz will connect major sell-side brokerages around the world to a new FIX-based system that Fortis Investments uses to transmit investment orders to its brokers.
Radianz will supply the networking using its global financial extranet, RadianzNet, which is already connected to more than 9,000 institutions worldwide, including the firms to be linked to Fortis Investments’ system. RadianzNet was designed specifically for financial use and supports the messaging standards, such as FIX, that are used throughout the financial industry.
Chris Church, Radianz’s executive vice president and head of Global Sales and Marketing said, "Once again, Radianz was selected because it understands institutions’ needs and has a global network that can support their systems, processes and business plans.
“Fortis Investments’ use of our existing infrastructure will be far more efficient than buying and waiting for new bandwidth from a common telecoms carrier to be installed. This is a tremendous advantage that Radianz is in the best position to offer because RadianzNet has established connectivity in all the world’s major financial markets.”
For Radianz, the news signals that 39 of the top 40 buy-side institutions worldwide, including Fortis Investments, use RadianzNet to connect to their trading partners on the sell-side. This is in addition to the more than 100
other providers of information and trading services that they can access via RadianzNet.
About Radianz
Radianz (www.radianz.com) is an independent company with the world’s largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network, a global financial extranet called RadianzNet, to provide superior IP connectivity and services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR.L) and Equant (NYSE: ENT) (Euronext Paris: EQU) in June 2000.
Radianz and the lighthouse logo are the trademarks of the Radianz group of companies.
CONTACTS:
Radianz
Marty Filipowski
+1.212.415.4678
marty.filipowski@radianz.com
Fortis Investments
Frank Melckenbeeck
Kon. Albert II Iaan
1210
Brussels
Note to editors:
Radianz offers peer-to-peer FIX services through its rFIX product line. Radianz also offers access to a full range of FIX services directly from providers in its global financial community of interest, including FIX messaging hubs, FIX ASP services, and FIX testing, certification and translation.