Chicago, Tuesday November 12, 2013 — Greenline Financial Technologies, a leading global provider of electronic trading marketplace solutions and a CameronTec Company, has delivered a comprehensive testing solution to Direct Edge, America’s newest stock exchange offering the next generation of displayed markets. By leveraging Greenline’s VeriFIX, Direct Edge has significantly shortened its testing timelines to increase efficiencies, reduce costs, and mitigate market and reputational risk. Greenline Professional Services supported the project by defining and implementing the test automation strategy.
VeriFIX has helped Direct Edge decrease the timeline for full regression testing from several weeks to a matter of hours. This has enabled shorter test cycles and resulted in quicker release turnaround times, saving time and resources. Direct Edge used VeriFIX to test both FIX Protocol and 11 proprietary protocols. VeriFIX can adapt to multiple phases of the testing lifecycle, and serves as a complement to Direct Edge’s lean Software Development Lifecycle (SDLC) processes. Areas of improvement in Direct Edge’s development lifecycle include: unit, targeted component level, and continuous integration testing.
Direct Edge offers Connect Edge, a high-speed, low latency network that allows customers to access Direct Edge through multiple Points of Presence (PoP) by cross-connecting from within their own facility to a Connect Edge PoP. In addition, Connect Edge allows customers to leverage their connections to receive raw market data feeds from liquidity destinations including exchanges, ECNs and dark pools, as well as send orders to other market centers.
“The Direct Edge and Greenline partnership continues to be instrumental in providing us with quick time to market capabilities and improved quality assurance of our FIX protocol and proprietary protocol environments as well as our GUI based applications.” said Saro Jahani, Chief Information Officer for Direct Edge. “Our Quality Assurance team and Greenline Professional services continue to raise our automation capabilities and now include component level testing and a state of the art test run reporting and results analysis engine.”
“We are pleased with the results that have been obtained at Direct Edge and look forward to gaining more time-to-market efficiencies for ongoing deployments of their Connect Edge system. Our accomplishments with Direct Edge are another example of how Greenline’s Professional Services and VeriFIX can raise the quality of service for market participants. At Greenline, we work directly with our customers to ensure a positive return on their technology investment is achieved through the use of Greenline’s tool set and services. Software development lifecycle efficiencies and proactive operational support are the driving forces behind Greenline’s vision and solutions,” said Josh Tolman, Deputy CEO at CameronTec.
Greenline provides superior FIX and proprietary protocol and electronic trading technology solutions and services across all asset classes for leading global financial institutions. Greenline’s flagship product suite, VeriFIX®, CertiFIX®, MagniFIX®, MetriFIX® and Exchange Central, delivers end-to-end global connectivity solutions for any electronic trading environment using or migrating to FIX and proprietary protocols. In addition, its premier Professional Services consultancy can evaluate and improve clients’ business strategy and trading technology operations, leveraging its expertise across all connectivity and messaging protocols. With global reach and client experience, Greenline is ideally positioned to meet the demand for connectivity and related trading technology. Greenline Financial Technologies is a CameronTec Company, and Premier Member of FIX Protocol Limited. For more information visit www.greenlinetech.com .
CameronTec is the global standard in FIX connectivity incorporating trading technology and professional services that today powers the largest user base among financial institutions. Catalys Market Access offers FIX-powered gateways to more than 60 equity, derivative and FX markets across the globe, as a locally deployed or managed / hosted service. The recently acquired Greenline Financial Technologies coupled with CameronTec’s technology and trading tools, creates a compelling end-to-end trading and services platform for the global financial industry.
Uniquely positioned as a software and service provider delivering enterprise, hosted and managed platforms, our dedicated professional services team ensures optimal integration and deployment performance. CameronTec’s solutions are tested and trusted by the world’s best firms in over 50 countries, on all five continents, that represent the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and the ISV community.
Catalys is our flagship offering, designed to provide a superior and resilient integrated platform for operations, infrastructure and trading management — covering all aspects of the deal life-cycle: pre-trade, trade and post-trade. It is underpinned by our market-leading connectivity technology, and engineered on the widely acknowledged standard in FIX engines, CameronFIX. This covers customer-facing, system-facing, and market-facing connectivity.
Our products and services are exceptionally supported by regionally focused teams in London, Stockholm, Paris, Frankfurt, New York, Chicago, Hong Kong, Sydney and Mumbai.
CameronTec is owned by Nordic Capital Fund VII.
Direct Edge, America’s newest stock exchange, offers the next generation of displayed markets. Direct Edge utilizes two independent exchange platforms and unique order types to match complementary forms of liquidity based on sensitivity to transaction cost, fill rate, and fill speed, while maintaining high execution quality and low latencies. Headquartered in Jersey City, N.J., Direct Edge is owned by a consortium that includes the International Securities Exchange, Knight Capital Group, Inc., Citadel Derivatives Group, The Goldman Sachs Group, and J.P. Morgan. More information about Direct Edge is available at www.directedge.com.