Imported from previous forum
Solutionforge signs four new clients for EMX connectivity
- Solutionforge cements position as leading EMX connectivity vendor with key new client signings
- Quick implementation demonstrates ease of integration of Solutionforge technology
26 July 2005, London – Solutionforge, provider of FIX-based straight through processing (STP) solutions, today announced that Canada Life International, Liberty Ermitage, Bank of New York and Brewin Dolphin have implemented its FIX engine, FIX.NET® Server™, to deliver connectivity to the EMX Message System (EMX) - the UK’s leading electronic funds marketplace.
Solutionforge, a provider of solutions designed exclusively for the Microsoft platform, connects more firms to EMX than any other vendor. Solutionforge’s offering for EMX allows financial transaction data to be transferred between fund purchasers and fund managers using the FIX protocol. In addition, Solutionforge provides the encryption and other PKI-based security software required to interface with EMX.
“We have a long standing relationship with Solutionforge. The fact that their technology provides connectivity for such a large number of the firms using the EMX Message System speaks for itself. Critical mass is imperative to the success of EMXCo and we need to work with technology providers who make connecting to the hub simple and cost effective. As Microsoft’s preferred supplier, we are always keen to work with Solutionforge,” commented Tony Wood, Head of Sales & Marketing, EMXCo.
“We selected Solutionforge due to its unparalleled experience in offering EMX connectivity. By leveraging Solutionforge’s off-the-shelf technologies and in-depth expertise, we were up and running on EMX in a much shorter timeframe than we originally anticipated, enabling us to accelerate return on our investment,” said Robert Gaskell, Group IT Director, Liberty Ermitage.
Commenting on the new signings, Kevin Lee, Sales Director, Solutionforge said: “We are delighted to have been selected by four new clients to realise EMX connectivity. We have been working closely with EMXCo since its inception in 2000. Our mission is offer affordable solutions to the buy and sell-side that enable them to reap the benefits afforded by electronic trading and STP. By taking advantage of the Microsoft platform, FIX.NET Server is able to provide a robust and proven solution in an extremely cost effective manner - all of which contribute to its position as the EMX connectivity solution of choice.”
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.
ABOUT EMX
EMXCo is a technology company that provides an electronic messaging solution for automating the purchase, sale, valuation and
settlement of unitised funds. The EMX Message System, Europe’s leading funds messaging platform was launched in June 2000 and now routes 650,000 messages and €1.8bn of orders a month. Benefits of trading via the EMX Message System include; a cheaper,
faster and safer alternative to paper-based, phone or fax processing, an electronic audit trail and reduced errors thus
increasing efficiency. Straight through processing is delivered by one set of data, entered once, in one format through one
connection. The EMX Message System is free to distributors.
To learn more about EMXCo please visit: www.emx.co.uk.
Press Contact: Chris Hall/Olivia Sherry
Cognito
+44 (0)20 7832 0800
solutionforge@cognitomedia.com