Greenline Fixes it for Hong Kong Merc

Source: Greenline

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 VeriFIX® and CertiFIX® 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.

VeriFIX® is the industry standard for comprehensive FIX testing. VeriFIX® users can test multiple counterparties and simulate scenarios 24 hours a day. VeriFIX® 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 VeriFIX® 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.

CertiFIX® is a web-based, automated certification system designed to simultaneously certify multiple counterparties. CertiFIX® provides automated, 24x7 certification infrastructure, burst certification testing for new product launches and a centralized repository for client certification results.

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