MEDIA RELEASE PR40848
Hong Kong Mercantile Exchange Selects Greenline for FIX Solutions
CHICAGO, Aug. 18 /PRNewswire-AsiaNet/ --
Greenline Financial Technologies, Inc., a leading provider of electronic
trading marketplace solutions, today announced its selection by the Hong Kong
Mercantile Exchange (HKMEx) to implement the VeriFIX(R) and CertiFIX(R)
products from Greenline's flagship suite of FIX Protocol solutions. Greenline
currently works with over 30 global exchanges to deliver advanced FIX
technology products and services.
"We are pleased to work with the HKMEx to provide FIX testing and
certification solutions to help quickly and efficiently onboard both
international and domestic commodities trading firms," said Josh Tolman,
President of Greenline. "We are proud to provide the rapidly growing
Asia-Pacific market with superior trading technology infrastructure," added
Mr. Tolman.
"Greenline's suite of products provides a reliable, efficient solution
that fits seamlessly with our existing infrastructure. The reliable,
end-to-end testing functionality of VeriFIX will help simulate inbound
message flow and assist with deployment of future system enhancements," said
Lieven Van den Brande, Chief Operating Officer, Operations and Technology, of
the Hong Kong Mercantile Exchange.
VeriFIX(R) is the industry standard for comprehensive FIX testing.
VeriFIX(R) users can test multiple counterparties and simulate scenarios 24
hours a day. VeriFIX(R) can also be customized to support multiple types of
FIX connectivity, providing users the flexibility to support a range of
testing needs. HKMEx uses FIX 4.4 messages for participant connectivity and
clearing and settlement through LCH.Clearnet. Integration, Quality Assurance
and Support teams of the HKMEx will use VeriFIX(R) to test order as well as
post-trade messages, providing end-to-end testing for all FIX traffic in and
out of the HKMEx-trading infrastructure.
CertiFIX(R) is a web-based, automated certification system designed to
simultaneously certify multiple counterparties. CertiFIX(R) provides
automated, 24x7 certification infrastructure, burst certification testing for
new product launches and a centralized repository for client certification
results.
About Greenline Financial Technologies
Greenline provides superior FIX Protocol and electronic trading
technology solutions and services across all asset classes for leading
global financial institutions. Greenline's flagship product suite,
VeriFIX(R), CertiFIX(R), MagniFIX(R), MetriFIX(R), and Latency Monitor,
delivers end-to-end global connectivity solutions for any electronic trading
environment using or migrating to FIX Protocol. In addition, its premier
Professional Services consultancy can evaluate and improve clients' business
strategy and trading technology operations, leveraging its expertise across
all connectivity and messaging protocols. With global reach and client
experience, Greenline is ideally positioned to meet the demand for
connectivity and related trading technology. Greenline Financial
Technologies, Inc. is a member of FIX Protocol Limited - North Americas, and
is a wholly-owned subsidiary of MarketAxess Technologies, Inc. For more
About Hong Kong Mercantile Exchange
Hong Kong Mercantile Exchange is a newly established commodities exchange
in Hong Kong. As a bridge between the Chinese mainland and international
commodities markets, the Exchange aims to provide the premier price discovery
platform for commodities to traders, intermediaries and end-users in the
Asian time zone. HKMEx will deliver standardised exchange-traded products on
a transparent USD pricing platform, thereby ensuring the full advantages of
dollar clearing and settlement.
SOURCE: Greenline Financial Technologies, Inc.
CONTACT: Diana Bhaktul,
Marketing and Communications Greenline Financial Technologies, Inc.,
+1-212-813-6354,
dbhaktul@greenlinetech.com
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