21 October 2017
visit www.atos.net

Javelin offers universal trade data standard

27 November 2000  |  2629 views  |  0 Javelin offers universal trade data standard

New York City-based Javelin Technologies has begun the distribution of its Flirt standard, billed as an Internet infrastructure for the universal communication of real-time trade data, irrespective of format.

The company is marketing Flirt (Financial Language Internet Real-time Trading) as a free, open Internet standard for electronic trading. Javelin describes the technology as "protocol friendly", meaning that trade information can be written in any data format (FIXml, FpML, XML, etc.) and reach its intended destination quickly and securely.

"We can pretend that FIX will solve all trading problems, but that would be to ignore the power of the Internet and those trading partners, like the retail investor for example, who cannot use FIX in its current form," says George Kledaras, president and CEO of Javelin Technologies. "Flirt solves the ubiquity issue, and creates more liquidity connections, something crucial for the industry moving forward.

Flirt uses the connection-less HTTP(s) as its transport layer and adds transactional integrity to create a lightweight state/session management capability, eliminating the need for traditional point-to-point connections - as is the case with a traditional FIX connection today - explains Kledaras.

"Javelin is positioned to help firms exploit the power of the Internet in a way the electronic trading marketplace has not seen," believes Rob Hegarty, research director with TowerGroup. "Flirt creates a universal infrastructure for electronic trading over the Internet, which will help the industry achieve greater market efficiency and allow access to greater pools of liquidity."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Moody's and Algorithmics develop XML interface

Moody's and Algorithmics develop XML interface

21 November 2000  |  3219 views  |  0 comments
STP survey puts US ahead of Europe

STP survey puts US ahead of Europe

21 November 2000  |  2560 views  |  0 comments
First Call to adopt RIXML research standard

First Call to adopt RIXML research standard

20 November 2000  |  2740 views  |  0 comments
Derivatives standard in spotlight at NY symposium

Derivatives standard in spotlight at NY symposium

25 October 2000  |  2312 views  |  0 comments
FIX pulls the plug on TradeAssure

FIX pulls the plug on TradeAssure

25 October 2000  |  2328 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register now visit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10060 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8960 views comments | 17 tweets | 21 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8956 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8041 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7724 views comments | 10 tweets | 22 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job