Hong Kong Mercantile Exchange Selects Greenline for FIX Solutions
CHICAGO, Aug. 17 /PRNewswire/ — 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 VeriFIXÃ‚® and CertiFIXÃ‚® 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.
VeriFIXÃ‚® is the industry standard for comprehensive FIX testing. VeriFIXÃ‚® users can test multiple counterparties and simulate scenarios 24 hours a day. VeriFIXÃ‚® 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 VeriFIXÃ‚® 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.
CertiFIXÃ‚® is a web-based, automated certification system designed to simultaneously certify multiple counterparties. CertiFIXÃ‚® provides automated, 24×7 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, VeriFIXÃ‚®, CertiFIXÃ‚®, MagniFIXÃ‚®, MetriFIXÃ‚®, 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 information, please visit www.greenlinetech.com.
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.
For more information about HKMEx, visit www.hkmerc.com.
SOURCE Greenline Financial Technologies, Inc.