August 18, 2008
New York, New York — FIX Flyer, an innovator in trading solutions for institutional markets, announces today that it has acquired Tepin Information, an innovator in institutional trade testing and FIX certification.
“Combining Tepin with Flyer’s monitoring, real-time trade analysis and simulation tool suite realizes the dream of an ingenious integrated solution from a single vendor,” says George Kledaras, electronic trading visionary and founder of FIX Flyer. “Tepin’s Ki platform is the leading connectivity testing tool for the largest and most complex buy side and sell side firms. Our customers have been demanding an integrated offering to help them streamline their connectivity. It’s a market driven event for both companies.”
“We are delighted that FIX Flyer and Tepin are working together on more great tools for FIX,” said Tom Driscoll, Vice President of Sales and Marketing at Global Investment Management Solutions provider Charles River Development, a Ki user since 2005. “Our clients demand a mission-critical experience from us so our FIX certification process requires a sophisticated testing suite.”
Mark Sipos, the founder of Tepin and author of testing tool Ki comments, “I am very excited to be joining the Flyer team, recognized universally as the most innovative FIX software company to come along in years. With their vision of a unified tool for operations, they go way beyond the current world of FIX engine technologies designed to be easy to integrate, but not so easy to scale and support.”
Tepins’ clients use Ki to greatly reduce the time that’s needed to certify and test counterparties’ FIX connectivity and complex algorithms without using the precious time of a developer or technical support specialist. In addition, the testing platform lets firms configure and perform regression tests, while analyzing results in real time. This greatly reduces the risk and the time it takes to bring a brand new connection, trading system, or algorithm to market.
FIX Flyer has worked with Tepin since 2004 and uses Ki to certify connections for their online products such as FIXtp, Flyer Online and to their Managed FIX services.
About FIX Flyer
FIX Flyer develops and operates advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.
Since 2005, as an agile technology provider, we have partnered with our 170+ clients worldwide, including UBS, Barclays, TD Ameritrade, Fidelity, Berenberg, Unicredit, GBM, Interacciones, Bank of America Merrill Lynch, Goldman Sachs, and more to build high quality, feature-rich software.
Flyer has built a team of operational experts who manage and provide Managed FIX software-as-a-service. Our subject matter experts create and operate FIX servers for you to realize the full potential of our software to deliver the highest level of service and return on investment.
The FIX Flyer Engine is the first FIX server designed to manage high volume, ultra low latency trading networks and ECNs, easily scaling to thousands of connections.
FIX Flyer also provides the Daytona trade surveillance monitor, the F1 Risk Control Gateway, the Ignition regression test and certification tool; the Flyer Online hosted Order Management System, and the Flyer Trading Network.
FIX Flyer has headquarters in New York City with offices in Boston and Hyderabad India.