Fox-Pitt, Kelton buys FIX engine from SolutionForge

Fox-Pitt, Kelton buys FIX engine from SolutionForge

Fox-Pitt, Kelton (FPK), the specialist London-based global investment bank now owned by reinsurance company Swiss Re, has purchased a recently enhanced FIX engine from SolutionForge of the UK.

FIX.NET Server 2002 will be used by FPK, initially within its London office, to provide a flexible yet stable connection between FPK and the sales trading desks of the global broker-dealer's institutional clients. The system will provide quality connectivity and as well as serving clients' needs will improve STP throughout the trading process.

SolutionForge is also developing a link between its FIX engine and FPK's order management system. The connection will be achieved using Microsoft's BizTalk Server, which is easily integrated with FIX.NET Server 2002, because both systems are built on the Microsoft .NET platform.

"FPK is reviewing its strategy for processing trades from front to back office with the aim of making it more efficient while maintaining client services of the highest standard," says Sumati Kumar, FPK's director of operations. "Our selection of SolutionForge's FIX.NET Server 2002 is a direct result of this review and using the system will allow us to make sure our services match the best available in the marketplace."

Steve Wilkinson, SolutionForge's CEO, says FIX.NET Server 2002 has the functionality, based on the Microsoft .NET platform, to cater equally for the needs of sell side, buy side and exchange users.

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