Smart Trade and the QuickFIX/J Team Roll out the First 100% Java Open Source FIX Engine for the Financial Markets
NEW YORK, NY and Aix en Provence, FRANCE, June 14, 2006 – Smart Trade Technologies, the leader in next-generation multi-asset matching solutions for the financial markets, and the QuickFIX/J Team, developers of the 100% Java open source FIX engine, announced today the worldwide production release of QuickFIX/J, a pure Java implementation of the QuickFIX engine and the only full-featured open source Java FIX engine currently available.
This initiative allows a natural integration of the QuickFIX/J engine design with Java enterprise technologies, ideally suited for developing platform-independent FIX-related applications, tools and user interfaces. Smart Trade Technologies contributed to the QuickFIX/J project by providing programming skills, technical leadership and management resources.
Smart Trade Technologies also uses QuickFIX/J to provide an out-of-the-box, enterprise-class FIX connectivity extension for its smartTrade Trading Platform (STTP).
"QuickFIX/J is a strategic component of our overall architecture to provide external FIX connectivity for our multi-asset matching solution,” said David Vincent, CTO and co-founder of Smart Trade. “This initiative is an integral component of the business strategy at Smart Trade to fully embrace the open-source community and push for the next-generation of trading technologies.”
"We have been very pleased with extremely positive response to this production release,” said Steve Bate, lead developer and initiator of the QuickFIX/J project. “We have actively built an open-source community around QuickFIX/J. With new users and development resources, we are expecting a rapid evolution of the product while leveraging existing standard Java APIs and open source technologies.” Bate is also head of research and development at Smart Trade.
According to Oren Miller, creator of QuickFIX, “I'm thrilled with the work done on QuickFIX/J and happily endorse it as a quality companion or alternative to the original,” said Oren Miller, the creator of QuickFIX. “We have worked closely with the QuickFIX/J team to ensure compatibility with QuickFIX, swapping it into some of our own applications.”
About Smart Trade
Founded in 1999 by former IT and trading professionals from Citigroup, Credit Agricole and Société Générale, Smart Trade is the industry leader in next-generation cross-asset matching solutions for banks, exchanges and large hedge funds. In 2002, Smart Trade signed a licensing agreement with Moneyline Telerate, now owned by Reuters, to provide their Momentum trading platform with a turnkey transaction-trading engine. Built on a component approach and delivering a flexible framework and connectivity to advanced, integrated trading systems, Smart Trade today provides a fully integrated picture of optimized liquidity for traders.
About QuickFIX/J
QuickFIX/J is a 100% Java implementation of the leading open source FIX engine, QuickFIX. QuickFIX and QuickFIX/J provide financial applications with the connectivity they need to communicate with hundreds of systems around the world using the FIX protocol. QuickFIX is in use by both buy-side and sell-side firms. Version 1.0 was released in March 2002 and integrated by several production systems. QuickFIX/J source code is freely available and uses a liberal open-source license compatible with the distribution of commercial software. For more information, visit http://www.quickfixj.org.