Imported from previous forum
SMART TRADE TECHNOLOGIES AND QUICKFIX PARTNERS TO PROVIDE A PURE JAVA OPEN SOURCE FIX ENGINE
NY, ny.-July 20, 2005-Smart Trade Technologies, the leading provider of smart routing and execution platforms, and QuickFIX the open source FIX engine, today announced their partnership to provide QuickFIX/J, a pure Java implementation of the QuickFIX engine.
This new initiative allows a native integration of the QuickFIX engine with Java enterprise technologies. QuickFIX/J will open the QuickFIX project to the very active Java open source community. It represents the cornerstone necessary to develop new Java tools and extensions around the QuickFIX technology. Smart Trade Technologies contributes to the QuickFIX/J project by dedicating its skills and resources to it, and can now provide inside its smartTrade Trading Platform (STTP) an out-of-the-box enterprise class FIX connectivity extension. This partnership is part of the Smart Trade’s strategy to embrace the open source community and push for the next generation of trading technologies.
“I think the smartTrade’s involvement is interesting because of their expertise in developing financial, and specifically, trading applications” said Steve BATE, the lead developer and initiator of the QuickFIX/J project. “Support from companies like smartTrade gives QuickFIX/J a distinct advantage over most open source projects and establishes smartTrade as a significant player in open source trading software development”.
“QuickFIX/J is a great opportunity for the FIX community,” said David VINCENT, CTO of Smart Trade Technologies. “We want to help building technologies around FIX and pushing for its adoption via the Open Source community. The strong adoption and the high quality of QuickFIX coupled with the R&D effort in trading technology from smartTrade, are the good cocktail to make it happen. With this new partnership with QuickFIX, smartTrade clearly continues to lead innovation in the electronic trading space”.
“This initiative illustrates the vibrant community support behind the QuickFIX project”, adds Oren MILLER, the creator of QuickFIX. “It demonstrates once again the value a commoditized FIX engine has for not only buy and sell side operations, but software vendors as well”.
The QuickFIX/J engine is currently under beta phase. Tests are being carried out with a major global investment bank.
About Smart Trade Technologies.
Founded in 1999 by financial markets and IT professionals, Smart Trade Technologies is an Independent Software Vendor (I.S.V.) developing and selling a suite of software components exclusively dedicated to the trading and distribution processes of financial instruments within a financial institution. All components are centered around the smartTrade Trading Platform (STTP), a powerful numerical electronic trading and distribution engine built to support natively all types of financial instruments. STTP is accessible through various APIs (in Java, .Net and COM), allowing to rapidly develop specific order entry applications, and to respect all existing legacy environments. STTP embeds also an entire Gateway Framework enabling to connect or build various accesses to the liquidity pools, applying symbology translation, entitlement, proper to each connection. High Availability (HA) features are fully embedded within STTP Architecture, offering uninterrupted service during runtime.
The smartTrade engine has already been adopted by several European and US institutions. For more information, visit http://www.smart-trade.net
The Smart Trade Trading Platform is a complete trading infrastructure integrating :
- A private trading system distributing and cross-matching real-time orders - Streaming, RFQs, Limit, S/L, Market, IOI, …)
- A smart routing middleware interconnecting various liquidity pools and pricing engines - ECNs, Banks, Brokers.
- A global Order Book totally instrument agnostic
contact : dcastaigne@smart-trade.net
About QuickFIX.
QuickFIX is the provider of the leading open source FIX engine. It integrates with financial applications giving them the connectivity they need to communicate with hundreds of systems around the world that support FIX. QuickFIX gives these applications the power to electronically interact with all these systems using a simple interface. QuickFIX fully implements all the functionality of FIX versions 4.0 - 4.4. This includes support for such instrument types as equities, futures, options and more. Wether it be order entry, quote dissemination, trade reporting, or any of the many processes by FIX, QuickFIX can handle it. In addition to this standard functionality, QuickFIX is also extensible, allowing you to define custom fields and messages.
QuickFIX is in use by both buy-side and sell-side firms. Version 1.0 of QuickFIX was first released to the public in March 1st of 2002. Later that month QuickFIX was already adopted into several production systems.
Technically speaking, the QuickFIX core is implemented in C++ which comes with .NET and Java wrappers and in pure Java with QuickFIX/J. QuickFIX source code is freely available and is based on the Apache license that is compatible with the distribution of commercial software. For additional information, please visit www.quickfixengine.org.