Friday, 23 May 2014

Fix8MT announces the release of the Fix8Pro C++ FIX Framework.

Sydney, 23 May, 2014 – Fix8 Market Technologies Pty Ltd (Fix8MT). today announced the release of the next generation in C++ FIX Frameworks, Fix8Pro. Fix8Pro is based on Fix8, the popular open source C++ FIX (Financial Information Exchange) Protocol Framework. Fix8Pro is designed to bridge the gap between the open source community supported project and a fully supported commercial product. With many corporations looking for commercial support, Fix8MT has responded with a product which we believe addresses this need. Fix8MT is also pleased to announce that our partners will be offering Fix8Pro in their respective regions.

David Dight, CEO of Fix8 Market Technologies, stated “Fix8 has had an impressive response from the industry. However many companies have asked about a commercially supported version. We are now very happy to finally offer Fix8Pro and are very excited about our product roadmap and plans to grow Fix8Pro. We want to position Fix8Pro as the premium, affordable and performant C++ FIX library”.

Commenting on this product launch, Irfan Syed, Principal at FIXNOX, a partner of FIX8MT, said: “The release of Fix8Pro is a major milestone as now organisations deploying mission-critical FIX infrastructure on Fix8 have assurance of a solid product with SLA driven global support. This addresses a major concern of brokers, investment banks, stock exchanges, and buy-sides who require peace of mind that they can rely on the experts when in need.”

Kotaro Kondo, CEO of MultiWave, commented “We believe FIX technology has entered a new era - the protocol itself has been commoditized enough to accelerate the usage of an open source product, yet open source is not going to cover the continued demand from mission critical business where strong a SLA commitment is mandatory.  We believe that Fix8Pro will further expand the horizon of FIX protocol usage with dual offering of open source and commercial offerings.”  

About Fix8Pro C++ FIX Framework
Fix8Pro is a commercially supported C++ FIX framework based on the popular Fix8 open source project. According to the official benchmark result, Fix8’s average encoding/decoding speed is 2.1/3.2 μs/msg (microseconds/msg).  Fix8 supports all widely used FIX versions - 4.X to 5.X - as well as FIXT1.X. Custom FIX variants are also easily supported and multiple FIX variants can be used in the same application. Fix8 runs on Linux, OSX and Windows and supports IA32, x86-64, Itanium, PowerPC and ARMv7 architectures.
The Fix8Pro is backed by extensive product documentation, FAQ, issue reporting and tracking system (JIRA) and Wiki guides. Fix8Pro provides an SLA offering solid support and production assurance. Fix8MT is also actively developing new product features to specifically address important functional improvements and capabilities our clients are asking us for.

Fix8 is a member of FIX Trading Community, formerly FIX Protocol Limited (FPL). FTC is the non-profit industry association responsible for defining, managing and promoting increased usage of FIX as an enabler for electronic trading.

About Fix8 Market Technologies
Fix8 Market Technologies (Fix8MT) develops and maintains Fix8Pro and the Fix8 open source Framework. Fix8MT has developers in Australia, China, Canada and the Russian Federation as well as partners in Australia, Japan and India. Fix8MT is responsible for providing and managing additional support and consultancy services, and works closely with the Fix8 open source community to grow commercial support services through 3rd party ISVs.

FIXNOX designs and implements world-class FIX Protocol messaging systems, infrastructure, and operations for its clients around the globe. Founded in 2012 with a mission to support standards-compliant and low latency FIX implementations, FIXNOX is also involved in various projects to bring next-generation FIX products to marketplace.

About MultiWave
MultiWave develops and maintains sophisticated trading / market data solutions for Japanese retail & institutional customers and gets frequently involved in FIX Protocol implementations and consulting work. MultiWave also has operations in Papua New Guinea since 2011 via its subsidiary, MultiWave PNG, which provides IT solutions to government, educational and business customers in the local market.