| Smart Trade Technologies,
a provider of multi-asset matching solutions for the
financial markets, and the QuickFIX/J Team, developers
of the 100 percent Java open source FIX engine, recently
announced the worldwide production release of QuickFIX/J,
a pure Java implementation of the QuickFIX engine and
the only full-featured open source Java FIX engine currently
available.
This initiative allows a natural integration of the
QuickFIX/J engine design with Java enterprise technologies,
ideally suited for developing platform-independent FIX-related
applications, tools and user interfaces. Smart Trade
Technologies contributed to the QuickFIX/J project by
providing programming skills, technical leadership and
management resources.
"QuickFIX/J is a strategic component of our overall
architecture to provide external FIX connectivity for
our multi-asset matching solution," said David
Vincent, CTO and co-founder of Smart Trade, in a release.
"This initiative is an integral component of the
business strategy at Smart Trade to fully embrace the
open-source community and push for the next-generation
of trading technologies."
"We have actively built an open-source community
around QuickFIX/J," said Steve Bate, lead developer
and initiator of the QuickFIX/J project, in a release.
"With new users and development resources, we are
expecting a rapid evolution of the product while leveraging
existing standard Java APIs and open source technologies."
SunGard and TradingScreen
Integrate OMS and EMS Offerings
SunGard and TradingScreen recently launched an integrated
solution for buy-side traders. The new integrated offering
will help asset management firms to stage trades between
the firms' two systems and to access the combined functionality.
Sungard's Decalog provides portfolio and trade order
management functionality helps streamline investment
workflow and enables traders to achieve best execution
on local and cross-border trading operations. TradingScreen
is a leading provider of multi-broker, multi-asset class
automated trade execution and trade related products
and services to financial market participants through
its global electronic trading platform.
This best-of-breed approach offers a new level of
practicality to buy-side traders provides access to
critical market information such as IOIs and pre-trade
analytics; execution capabilities including direct market
access; strategy building, trade management and best
execution reporting; as well as the existing functionality
of both systems.
"The leading asset management firms that have
consolidated their organization around a high quality
OMS like SunGard's Decalog are now looking to improve
their trading process by integrating pre-trade analysis,
strategy management, access to algorithms, multi-asset
class capabilities and global connectivity into a single
system," said Philippe Buhannic, chairman and chief
executive officer of TradingScreen, in a release.
Ryan Beck Selects Archive
Systems to Boost Operational Efficiency
In an effort to better manage its client documentation,
Ryan Beck & Co., a full service investment banking
and brokerage firm, will utilize ASPEN 360 Broker/Dealer
Edition, a comprehensive process automation service
from Archive Systems.
ASPEN 360 provides Ryan Beck with a services-based
solution for Web-based image hosting and workflow management.
This service will transform Ryan Beck's previous paper-based,
manual process into an automated solution that manages
the flow of all client documents in a fully redundant,
Web-based environment. Ryan Beck will also take advantage
of remote document capture through scanning gateways
to scan documents such as new account forms, IRA distribution,
account update and W9 forms directly into the ASPEN
360 service.
"Our goal is to dramatically increase our operational
efficiency with a universal solution to eliminate the
labor-intensive, manual processes associated with routing
and processing client documentation," said Len
Favata, senior vice president, director of IT at Ryan
Beck, in a release. "Archive Systems offers the
only comprehensive Software-as-a-Service model with
the flexibility to roll-out a solution enterprise-wide.
ASPEN 360 will greatly increase our efficiency by enabling
us to process critical client documentation in minutes
rather than days."
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