CHICAGO, Dec. 13, 2010 /PRNewswire/ -- Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced that the Turkish Derivatives Exchange (TurkDEX) has engaged Greenline for FIX Testing and Training Services using VeriFIX®, Greenline's flagship FIX Protocol testing solution. The TurkDEX will use VeriFIX to simultaneously emulate exchange, broker and clearinghouse environments, enabling the TurkDEX to more efficiently complete testing prior to the deployment of their FIX infrastructure. Additionally, Greenline's Professional Services team delivered a custom FIX training program covering FIX Protocol requirements and the FIX testing lifecycle.
"We were pleased to be able to use our FIX expertise to assist the Turkish Derivatives Exchange in this important project," said Josh Tolman, President of Greenline. "Greenline's global FIX and exchange technology expertise is instrumental in helping exchanges around the world accelerate deployment of world-class FIX infrastructure," added Tolman.
"We are very satisfied with the quality and reliability of Greenline's Professional Services team and the VeriFIX® product," said Cetin Ali Donmez, Chief Executive Officer of the Turkish Derivatives Exchange. "The initial results of Greenline's integrated FIX testing program are promising and we look forward to accelerating connectivity for our regional and international exchange members."
Greenline is widely recognized as a FIX Protocol expert and developed this custom FIX testing program to fit specific project requirements for the TurkDEX. The FIX testing program is a comprehensive solution for exchanges, institutional investors and broker- dealers looking to expand or migrate to a FIX-based trading architecture.
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 Turkish Derivatives Exchange
The Turkish Derivatives Exchange (Turkish: Vadeli Islem ve Opsiyon Borsasi), commonly known by its acronym, is the only licensed futures and options exchange in Turkey. Established in 2002, TurkDEX launched the futures trading in 2005. Futures contracts based on equity indices, currencies, bonds, interest rates, and commodities are currently being traded. The TurkDEX equity index futures is the eight largest index futures contract according to latest FIA figures. TurkDEX is currently working on a new software project to launch options in the first quarter of 2011. For more information, please visit www.turkdex.org.tr.
SOURCE Greenline Financial Technologies