Imported from previous forum
31 October 2002Press Contacts
UK: Gail Sheridan or Hillary Box, Rivercalm
Tel: 020 7665 1636
sheridan@rivercalm.com or box@rivercalm.com
mobile: 07815 100656 mobile: 07931 726455
US: Judy Block
block@rivercalm.com
Tel : +1 917 860 8575
TRACE DATAWISE PARTNERSHIP WITH APT AND FIX ENGINE INTEGRATION EXTENDS USE OF MPF TO FRONT OFFICE
Trace Datawise Financial Limited (Trace Datawise), a wholly owned subsidiary of Trace Group plc, has signed an agreement with APT Computer Systems to integrate APT’s FIX engine with Trace’s Message Processing Framework (MPF) product suite. This extension of back-end connectivity within MPF is complementary to the recently launched WebTM web browser-based data entry facility for MPF.
The enhanced MPF product is now able to process FIX messages through the APT FIX engine. The transaction data for these messages is collected in a variety of ways according to client preferences - through WebTM by manual input / file import; by direct access to the client’s back-office database; or indeed by conversion of messages received from other networks such as SWIFT.
The solution, targeted at brokers and fund managers, offers end to end transaction processing using FIX based connectivity. The MPF architecture with WebTM offers seamless transaction processing, message transformation and low-cost connectivity to any network.
Says Trace Datawise Managing Director Jo Sethi: “This combined implementation of the most comprehensive STP architecture yet provides business benefits as well as significant cost savings. Transactions should be faster, safer and much more straightforward.”
David Shobrook, APT Sales Director, commented, “We signed an agreement with Trace Financial earlier this year and in partnering with Trace Datawise have further strengthened our offering. Our customers now have access to a rich selection of connectivity software solutions where SWIFT and FIX converge which can be tailored to meet their evolving requirements.”
ENDS
About Trace Datawise
Trace Group plc acquired Trace Datawise in 2001. Founded in 1994, Trace Datawise built its reputation via large bespoke software development and implementation projects for top City institutions. In February 2002 it introduced a family of middleware products for connectivity to SWIFT and other networks.
For further information, visit www.tracegroup.com
About Apt Computer Systems Limited
Apt is the premier provider of connectivity software and leading edge FIX protocol tools for the financial industry. The company’s comprehensive set of FIX software, ranging from simulation and certification tools to robust FIX engines and Apt FIXcel, gives financial organisations the ability to trade electronically and move closer to an STP (straight through processing) environment. The combination of Apt’s unique FIX Implementation Methodology and its FIX simulation tool set enables businesses to quickly and easily gain competitive advantage. Founded in 1998, Apt is headquartered in Edinburgh.
For further information visit: http://www.aptcompsys.com/ or contact:
Linda Handley
Apt Computer Systems Limited
7-9 North St David Street
Edinburgh EH2 1AW
Tel: +44 (0)131 524 9450
Email: sales@aptcompsys.com