CHICAGO--(BUSINESS WIRE)--Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced that the central counterparty (CCP) clearing provider European Multilateral Clearing Facility N.V. (EMCF) has selected MagniFIX® to monitor its FIX-based clearing infrastructure. EMCF delivers CCP services in 19 European markets for 7 multilateral trading facilities (MTFs).
“As one of the top two CCP clearing providers in Europe, EMCF has consistently delivered a reliable service to exchanges and MTFs. MagniFIX provides a single, real-time view of our client connectivity with search and alerting capabilities to easily track message flow. MagniFIX’s robust and reliable FIX monitoring capabilities will allow us to deliver extremely reliable post-trade connectivity,” said Albert-Jan Huizing, CIO of EMCF.
“Greenline has an established reputation with both exchanges and MTFs, and is pleased to extend our capabilities to EMCF, one of Europe’s premier clearing companies. Post-trade message monitoring will help EMCF manage client connectivity issues and therefore maintain a reliable, efficient post-trade service for their customer base,” said Josh Tolman, President of Greenline. “We are pleased to partner with EMCF as they continue to grow as a premier destination for CCP clearing services,” added Tolman.
About Greenline Financial Technologies
Greenline provides superior FIX 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 Latency Monitor, delivers end-to-end global connectivity solutions for any electronic trading environment using or migrating to FIX Protocol. 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, Inc. is a member of FIX Protocol Limited – North Americas, and is a wholly-owned subsidiary of MarketAxess Technologies, Inc. For more information, please visit www.greenlinetech.com.
About European Multilateral Clearing Facility
EMCF provides competitive central counterparty clearing services for the rapidly growing Multilateral Trading Facility (MTF) market and selected stock exchanges. Established in March 2007, EMCF provides CCP services for BATS Europe, Burgundy, Chi-X Europe, QUOTE MTF and TOM as well as Nasdaq OMX Nordic. Clearing volumes average 4 million transactions per day, representing around 30% of total European equity volumes, ranking it Europe’s top cash equities CCP. EMCF is the most competitive European CCP, providing tangible savings for the industry. EMCF offers clearing participants a transparent fee schedule, charging a low fee across markets. The activities of EMCF are regulated by the Dutch central bank (De Nederlandsche Bank, DNB), the Dutch Authority for the Financial Markets (AFM) and the UK Financial Services Authority (FSA).