16 March 2011
Financial and Energy Exchange Group implements new FIX compliant interface
Newtown, PA - March 16, 2011 - B2BITS®, EPAM Systems' Capital Markets
Competency Center - leading provider of high efficiency FIX
connectivity solutions, today announced the implementation of a
comprehensive FIX compliant interface for the Financial and Energy
Exchange Group (FEX), Sydney, Australia.
Customers that currently access FEX's NASDAQ OMX trading
platform API will now have ability to receive market data and
transact orders via the FIX protocol. The FIX gateways are based on
technology. The transaction and market data gateways are
available now to Market Participants in a test environment.
FEX worked with B2BITS® engineers to create a FIX v4.4 protocol
compliant interface to capture all industry standard features
supported by the exchange, and at the same time achieved the lowest
barrier to entry for both local and international firms connecting
The FEX transaction gateway will process order flows received
via the FIX v4.4 protocol, transfer them seamlessly to the NASDAQ
OMX X-stream matching engine, and then provide market participants
with information on the order status and trades. Market data is
also published using FIX where customers can subscribe for market
data for all futures and options traded on the exchange, including
instrument description, best quotes, trade information, etc.
The Financial and Energy Exchange Group is an integrated
exchange infrastructure group offering electronic trading platforms
in OTC and Exchange traded derivatives. The Group comprises the FEX
exchange traded derivatives market (www.fex.com.au), Mercari OTC swap
execution facility (www.mercari.com.au) and SIM
Venture Securities Exchange (www.simvse.com.au). FEX has
one of the most advanced electronic trading systems in the
"EPAM Systems was chosen by FEX due to the reliability and
efficiency of the B2BITS® products, and EPAM's willingness to work
with FEX very closely to satisfy all of our platform requirements.
They included providing all market participants with a globally
recognized standard in creating a high speed, low latency, robust,
and secure access to the FEX market," says Thomas Price, CEO of the
Financial and Energy Exchange Group.
"B2BITS® EPAM Systems is pleased to be selected by FEX to
provide FIX connectivity for its derivatives trading platform. We
look forward to working with FEX to fully implement their FIX
interfaces into production. We believe that the unmatched
performance of our FIX engines and operational tools will position
FEX to perform very competitively to service electronic trading
clients globally," commented Mark Bisker, SVP of Banking and
Finance Solutions, EPAM Systems.
The Financial & Energy Exchange (FEX) is a market
infrastructure and services group, operating regulated electronic
markets for exchange traded derivatives, over the counter products
and CleanTech equities. FEX is focused on facilitating and
providing access to the rapidly developing and expanding Asian
energy and commodity markets. Linking local growth with global
The FEX exchange traded derivatives market will utilize NASDAQ
OMX technology, the premium trading technology supplier to world
exchanges. LCH.Clearnet, the world's largest independent clearing
house, will provide clearing services for the FEX exchange traded
For more information on FEX or the FIX Connectivity options,
please contact Peter Coyle at firstname.lastname@example.org.
About EPAM Systems
B2BITS®, EPAM Systems Capital Markets Competency Center,
delivers solutions that cover trading and operations in all asset
classes including Equities, FX, Options, and Fixed Income. The
Center's reusable frameworks and components include OMS, matching
engines, market data feeds adapters, exchange gateways, and
electronic payment services utilized in many trading firms, banks,
brokerage and clearing houses, as well as exchanges. B2BITS® is a
registered trademark of B2BITS, EPAM Systems Company.
Established in 1993, EPAM Systems, Inc. is the leading global
software engineering and IT consulting provider with delivery
centers throughout Central and Eastern Europe. Headquartered in the
United States, EPAM provides services to the clients worldwide
utilizing global delivery model through its client facing
operations in North America, UK, Germany, Switzerland, and Sweden,
together with 5,500 professionals deployed across delivery centers
in Russia, Belarus, Hungary, Kazakhstan, and Ukraine.
EPAM's core competencies include complex software product
engineering for leading global software and technology vendors, as
well as development, testing, maintenance, and support of mission
critical business applications and vertically oriented IT
consulting services for global Fortune 2000 corporations.
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