Fix Flyer Unleashes High Speed Transformationand Version 3.0 Fix Engine

November 20, 2008

New York, New York — FIX Flyer, an innovator in trading solutions for electronic trading, that it has released for general production version 3.0 of their high performing FIX engine. Also today, FIX Flyer announces that their High Speed Transformation Engine (HST) for FIX that makes it much easier to manage nuanced differences in counterparty versions of the protocol without sacrificing performance. The solution is a core component of multi-asset, mission critical non-stop electronic trading.

The HST Engine works with any commercial, open source, or proprietary FIX engine. It also unloads the burden of critical CPU cycles required for typical message transformations handled inside the trading application. HST is easily managed by an analyst or support person using the point and click GUI interface. Keeping this task away from development saves a lot of time and expense.

The HST Engine has been tuned for the lowest latency and highest performance possible. For a stateful FIX 4.2 to FIX 4.0 conversion on a single CPU, the HST introduced latency measured in microseconds.

Flyer’s latest FIX engine delivers faster discrete messaging performance to high-end networks and professional trading applications. It’s the ultimate solution for statistical arbitrageurs, low latency traders, and exchange operations:

  • FIX 5.0 support
  • Next generation of replication supporting both Async and Sync updates
  • In-process API for embedding the engine into applications to reduce latency and process control
  • Embedded FIX routing based on standard session header tags
  • Drop copy option for routed FIX sessions
  • Lots of performance enhancements for throughput and latency
  • Updated SDK with more documentation, examples for installation, configuration, and solution guidelines
  • Optional Unix style confd configuration
  • Event notification framework through middleware
  • Many additional real-time commands

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.

Visit fixflyer.com for company information and to request a free demonstration. Follow us on twitter.com/fixflyer.

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About FIX Flyer

With over 120 clients worldwide, FIX Flyer develops advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.

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