As the industry eagerly awaits the launch of the Osaka Stock Exchange on 14 February 2011, Metabit has been authorised and licensed by Nasdaq OMX to build an exchange simulator against their OMNetAPI.
Metabit has leveraged its extensive experience of exchange simulation to launch Exsim for J-GATE on the 2nd of December, enabling sell side organisations to comprehensively simulate the new exchange's APIs, prior to the exchange going live.
Daniel Burgin, CEO of Metabit, commented: "We are delighted to be the first software vendor to launch an exchange simulator for J-GATE. Companies will need to thoroughly test out different transaction scenarios before J-GATE goes live and after, when Exsim becomes an integral part of a broker's internal testing facilities. Exsim for J-GATE will enable them to do so realistically and effectively as well as supporting the onboarding process for the broker members' institutional buyside clients on an ongoing basis."
Exsim for J-GATE is independent of geographical location and time zones. Organisations using Exsim can simulate the behaviour new J-GATE API for order execution as if were up and running now.