Misys Securities Trading Systems says it has made the first sale of its Java-based Financial Information eXchange (FIX) adaptor, a new off-the-shelf facility available as part of the Meridien middleware toolkit.
The Meridian FIX adaptor allows electronic receipt of customer orders and/or the transmission of orders to brokers for execution. The embedded capability is expected to hit the business of third party suppliers of FIX engines.
Meridian is currently licensed by more than 300 financial institutions to provide middleware integration across Misys' portfolio of front and back office systems. The new adaptor is undergoing its first installation at a client site of Misys International Banking Systems.
In conjunction with the FIX adaptor connectivity Meridian can be used for intelligent routing of orders for execution globally and for mapping between different interpretations of the FIX standard.
Frank Walter, CEO of Misys Securities Trading Systems comments: "With this self-funded development...our existing and future clients can open up their business across the banking and securities spectrum while dealing with just the one supplier."