(1888PressRelease)
November 14, 2008 - Since 2004 ETNA Software has been actively developing custom software solutions based on Financial Information eXchange (FIX) protocol for sell-side and buy-side organizations in the US. As a result of these efforts, the financial software developer acquired the knowledge that could be contributed to make FIX better.
Thus the company decided to join FIX Protocol Limited (FPL) - the organization that connects buy-side, sell-side, vendor and exchange communities with the goal to improve FIX protocol.
"The decision to become an FPL member has become obvious at some point as we saw an opportunity to contribute our "field" knowledge of how financial organizations should better work with both FIX specs, FIX integration and FIX routing components" - comments ETNA Software CEO, Roman Zhukov.
"FIX protocol has already become a de-facto standard in the US and is quickly gaining ground in EU. For example, we see FIX connectivity as a very cost effective solution for European prime brokers that want to grab liquidity from multiple trading venues" - adds ETNA Software VP marketing, Alexey Linkov.
About FIX Protocol
FIX is the industry-driven messaging standard that is changing the face of the global financial services sector, as firms use the protocol to transact in an electronic, transparent, cost efficient and timely manner. FIX is open and free, but it is not software. Rather, FIX is a specification around which software developers can create commercial or open-source software, as they see fit.
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