Imported from previous forum
Lowering the Barrier to Automation for Small and Medium-Sized Buy-Side
Organisations
- FIX-compliant, user-friendly trade execution management system
- Easily integrated with portfolio management and legacy systems
- Attractive alternative to ‘big bang’ large-scale order management
system (OMS) implementations - Extensive auditing functionality allows for better control and
compliance monitoring
Solutionforge, provider of FIX-based straight through processing (STP) solutions, today announced the launch of a buy-side version of its flagship trading system, FIX.NET Trader.
Built using the latest Microsoft .NET Framework technology, FIX.NET
Trader for the buy-side offers a comprehensive, easy-to-use execution
management system with a low overall cost of ownership. This makes it
the perfect solution for organisations looking to make the transition
from manual to electronic trading. Simple to install and intuitive to
use, the solution extends trading independence and immediate cost, risk
and performance benefits to firms looking to improve their electronic
trading capabilities.
“FIX.NET Trader presents a credible alternative to the traditional ‘big
bang’ approach to OMS deployment. It allows firms to preserve their
investment in existing fund/portfolio management systems and
cost-effectively maintain their own trading technologies and market
connections to ensure greater transparency in execution costs. In
addition, the product’s broker-neutral approach allows traders to seek
out best execution from multiple sources of liquidity,” comments Kevin
Lee, Sales Director of Solutionforge.
Edward Catton, Director at investment manager Liontrust comments,
“Having conducted a thorough review of execution management products on
the market, we identified Solutionforge’s offering as the clear leader
in terms of integration capabilities together with its ease-of-use for
traders. The features of FIX.NET Trader fit well with our strategy to
improve our risk management capabilities and reduce the potential for
errors by eliminating a number of manual processes. Integrating the
product with our in-house portfolio management system has been
straightforward and painless.”
The product follows accepted service oriented architecture (SOA)
principles, using standards-based web service application programming
interfaces (APIs) to make data available in real-time to customers’
existing in-house systems. The use of web services ensures support for
the widest range of platforms, including Microsoft and non-Microsoft
environments, allowing firms to protect their current IT investment.
Further, the product uses the latest FIXML standard published by FIX
Protocol Limited (FPL) to leverage the broad range of XML-capable
development tools in the market, whilst guaranteeing interoperability
with existing FIX and FIXML enabled systems.
“Solutionforge has once again harnessed the latest Microsoft
technologies to provide the market with an effective solution to a real
problem - automating trading at small to mid-tier buy-side firms.
FIX.NET Trader is testimony to the power of .NET to deliver genuine
business value through web services, making real-time trading
information available to the broadest range of applications,” concludes
Paul Foley, Partner Manager Financial Markets, Microsoft Corporation.
ENDS
ABOUT SOLUTIONFORGE
Solutionforge, a preferred global Microsoft partner, offers connectivity
solutions and trading applications designed to maximise the benefits of
the FIX protocol. Built on the Microsoft .NET development platform,
Solutionforge’s products are easily integrated with existing systems and
deliver unparalleled scalability and flexibility on commodity hardware.
Solutionforge supplies the FIX.NET® suite of products, which includes
FIX.NET Server, its high performance FIX engine, and FIX.NET Trader, its
trading system for mid-tier buy-side and sell-side firms.
Solutionforge is headquartered in the UK and is privately owned and
funded. Solutionforge’s installed base of over 400 systems includes some
of the world’s leading financial market organisations, such as the
London Stock Exchange, JPMorgan, Deutsche Bank, Bank of New York and
Swiss Re.
To learn more about Solutionforge and its products please visit:
www.solutionforge.com.
Contact: Kevin Lee +44 (0)1277 312 304.