CHICAGO--(BUSINESS WIRE)--Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced that Direct Edge, America’s newest stock exchange offering the next generation of displayed markets, has engaged Greenline Professional Services for broad multi-protocol test automation. This engagement is a significant example of Greenline’s leadership and expertise in consolidated, automated testing for multi-protocol trading environments.
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 crossconnecting 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.
Direct Edge deployed Greenline’s VeriFIX®, the industry standard in automated efficiency testing, with FIX Protocol as well as eight proprietary protocols in order to implement full regression testing of order entry and market data feeds on the Connect Edge network. Greenline Professional Services customized a full regression testing suite enabling automation across all protocols and interfaces.
“Greenline is a leader in testing automation for both FIX Protocol and proprietary protocol environments,” said Saro Jahani, Chief Information Officer for Direct Edge.
“Our time to deployment is expected to reduce dramatically while executing a full suite of regression testing across nine different protocols. These improvements will help us to continue offering our clients a competitive advantage in the marketplace through best-inclass technology.”
“We are pleased to partner with Direct Edge to help accelerate deployment of their Connect Edge system and help them achieve cost and operational efficiencies. Our work with Direct Edge is another example of VeriFIX’s potential to achieve test automation for both FIX Protocol and proprietary protocols. We believe that firms that invest in multiprotocol technologies will be the leaders in offering high-quality, reliable market access for a broader range of market participants. Multi-protocol technologies are a top priority at Greenline. Proprietary protocols are supported in our product offering and are available for firms looking to redesign or scale-up their trading technology for future client demand,” said Josh Tolman, President of Greenline.
About Greenline
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 Latency Monitor, 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, 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 Direct Edge
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 http://www.directedge.com. Everybody Needs Some Edge.