Swissrisk Financial Systems GmbH, an international market leader providing software and solutions for the financial industry, announces the availability of FIX-connectivity through its X-Gen solution designed for state-of-the-art business process automation and financial messaging.
With more than 30 years of experience, Swissrisk Financial Systems GmbH with its headquarters in Frankfurt/Germany has emerged as a leading software solutions provider for the financial industry serving more than 100 customers. Swissrisk provides innovative and state-of-the-art solutions in the areas of Issuance, Trading and Market Making, as well as in the field of Financial Messaging & Workflow.
Reacting to increased customer demand, Swissrisk has added state-of-the-art FIX-connectivity to its solution portfolio. X-Gen offers customers the possibility to connect counterparties using the FIX-protocol combined with SWIFT connectivity combined in a single system, automating business processes and eliminating STP-breaks. The new FIX Engine is fully integrated in the X-Gen framework and allows highly automated end-to-end processing of securities transactions from front- to back-office.
"We deliver innovative solutions for both, the front- and back-offices to our customers. With this addition we now have the bridge between both sides providing a single system that supports FIX – mainly used by the trading side – and SWIFT traditionally used for settlement and downstream processing. This makes us really unique" says Georg Sauberer, Area Manager Financial Messaging & Workflow of Swissrisk Financial Systems.
"The new FIX Engine is a major functionality in our market leading solution. As all components of X-Gen are run centrally and controlled by comprehensive workflows, our customers gain benefit from significant cost savings in combination with highest flexibility" adds Dirk Vesper, Vice President Product Management at Swissrisk.