MetaBit signs Tokyo Grain Exchange to GFT FIX testing and simulation platform

Source: MetaBit

MetaBit, Tokyo and Greenline Financial Technologies (GFT), Chicago announce that the Tokyo Grain Exchange (TGE) has selected GFT's comprehensive FIX testing and simulation platform, VeriFIX, for its new FIX-based auction trading system.

MetaBit is Greenline's authorized reseller and support partner in Japan for the renowned Chicago based firm that specializes in FIX testing, certification and monitoring tools. MetaBit will provide TGE with local support and maintenance for VeriFIX.

"TGE performed an in-depth evaluation of advanced FIX monitoring tools before licensing Greenline's product," comments Toshiro Sakai, Manager, 1st Computer Systems Department, Rice Market Development Department, Tokyo Grain Exchange. "VeriFIX's strength is in its interactive testing and simulation functionality, which helps members' FIX connectivity testing, monitors the functionality of the FIX server, and checking members' FIX account settings. Because of this, VeriFIX will play an important role in our continuous monitoring and maintenance of the new FIX-based auction trading system."

"The Tokyo Grain Exchange is a leader in the growing FIX Protocol community in Japan. Their decision to license VeriFIX exemplifies their commitment to the FIX Protocol and their global customers who use FIX," states Daniel Burgin, CEO, MetaBit. "VeriFIX is an essential tool for any firm using FIX, regardless of who they are. MetaBit is particularly pleased to be the reseller and support partner of GFT's suite of FIX testing and certification tools, globally the most comprehensive products in the FIX testing and simulation space."

"Greenline is the global leader in FIX testing, simulation and certification tools," says Josh Tolman, Chief Operating Officer of GFT. "TGE's licensing of VeriFIX is another example of the global reach our products have across six continents. We are convinced that an increasing number of Japanese institutions who have recently started to work with FIX will require our product to simplify their interactive FIX testing and certification by reducing costs associated with the ongoing development and deployment of FIX based systems. Our partnership with MetaBit in Japan represents a long-term commitment to to the Japanese and foreign firms in the industry that wish to not only deploy cutting edge technology, also but seek cost efficient, highly specialized IT solutions."

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