PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: EPAM Systems

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

B2BITS Launches a Replacement Program for FIX, FIXML and FAST Enabled Software - B2BITS launches a replacement program for FIX, FIXML, and FAST enabled software
B2BITS Launches a Replacement Program for FIX, FIXML and FAST Enabled Software

 

NewswireToday - /newswire/ - Newtown, PA, United States, 2010/06/24 - B2BITS launches a replacement program for FIX, FIXML, and FAST enabled software. NYSE: EPAM

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

B2BITS, EPAM Systems’ Capital Markets Competency Center providing technology for FIX connectivity, announces the launch of a program to support the large base of commercial, in-house developed, and open source FIX solution users who are seeking to improve their operational capacity and lower costs by upgrading their existing Java, .NET and C++ based connectivity tools to modern solutions.

The technology driving FIX trading is rapidly evolving together with the markets demand for efficiency as well as the FIX protocol. The last five years in the market have been characterized by a dramatic increase in acceptance of FIX protocol by exchanges worldwide. This evolution also applies to the increased adoption of FAST for distributing market data. More often market participants, especially the early adopters of the FIX protocol, realize the need to upgrade their FIX connectivity solutions through re-development or acquisition. The major factors that drive the decisions can be:

• Limited functionality of legacy FIX based systems compared to the new, more rich solutions available on the market;
• Performance related factors such as latency and throughput to support high frequency trading;
• New hardware capabilities utilized by modern FIX engines to improve performance and save costs;
• Need for interacting with new middleware to expand compatibility;
• Need for using the latest versions of the protocol to meet counterparty requirements;
• Lower cost of acquisition and total cost of ownership of new products available on the market;
• Licensing models making system expansion cost prohibitive;
• Increased number of connections under management and inadequate operational tools;
• The new FIX engines come bundled with a full set of tools.

Concurrently the following aspects prevent organizations from switching to newer software:
• Tight integration of the old software with existing systems;
• High cost of re-integration work;
• Legal bindings and terms of the existing licensing agreements.

B2BITS works closely with the companies seeking to upgrade their FIX connectivity solutions helping develop strategy for managing FIX, FIXML, and FAST enabled software. The replacement program for Java, .NET and C++ based FIX engines is designed to satisfy the evolving needs of commercial, in-house developed, and open source FIX solution users. B2BITS helps address the challenges of re-engineering the FIX connectivity layer by providing a complete set of services.

For commercial software users we offer:
• Assessment of the current state and elaboration of the rationale and actionable recommendations;
• In case of a change necessity, B2BITS will prepare a detailed plan for product acquisition and integration work scope;
• Proof of Concept for porting from a vendor solution or in-house system to FIX Antenna;
• To clients holding unexpired licenses, a free license until the expiration of the existing licenses, regardless of the number of engines*
• Integration works from the low-cost development centers in Eastern Europe.

For users of in-house developed solutions:
• Assessment of the current state and elaboration of the rationale and actionable recommendations;
• In case of a change necessity, B2BITS will prepare a detailed plan for product acquisition and integration work scope;
• Proof of Concept for porting from a vendor solution or in-house system to FIX Antenna;
• As an incentive for the change, B2BITS provides a free 3-month license regardless of the number of engines;
• Integration works from the low-cost development centers in Eastern Europe.

For open source FIX solution users:
• Assessment of the current state and elaboration of the rationale and actionable recommendations;
• A 1-month evaluation license to demonstrate B2BITS’ FIX engine solution performance, which significantly exceeds that of the open source solutions;
• As an incentive for the change, B2BITS provides a free 3-month license regardless of the number of engines;
• Integration work is provided from the low-cost development centers in Eastern Europe, if required.

Thanks to FIX Antenna’s superior efficiency, the FIX services, which are usually provided by multiple servers, now can be run on a single server instance, thus bringing extra technical and economical advantage to the users.

If your organization considers changes or enhancement in the FIX connectivity layer, please contact us at sales[.]b2bits.com.

*The expiration time should not exceed 1 year.

About EPAM Systems
Established in 1993, US-based EPAM Systems (EPAM.com) is the leading global software engineering and IT consulting provider with delivery centers in Central and Eastern Europe and client facing operations in North America, Germany, Sweden, Switzerland, and the UK. With 5,000+ professionals deployed across development locations in Russia, Belarus, Hungary, Kazakhstan, and Ukraine, EPAM delivers complex software product engineering for leading global software and technology vendors, as well as development, testing, maintenance, and support of mission critical business applications and vertically oriented IT consulting services for global Fortune 2000 corporations.

B2BITS® (b2bits.com), EPAM Systems Capital Markets Competency Center, delivers solutions that cover trading and operations in all asset classes including Equities, FX, Options, and Fixed Income. The Center’s reusable frameworks and components include OMS, matching engines, market data feeds adapters, exchange gateways, and electronic payment services utilized in many trading firms, banks, brokerage and clearing houses, as well as exchanges.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: EPAM Systems

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


B2BITS Launches a Replacement Program for FIX, FIXML and FAST Enabled Software

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Alena Busko - EPAM.com 
267-759-9000 x50474 alena_busko[.]epam.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any EPAM Systems securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From EPAM Systems / Company Profile


Read Software Most Recent Related Newswires:

Western Cape Department of Transport & Public Works Improves Effectiveness of Critical Service Delivery with OpenText
Herc Rentals Selects Infor CloudSuite for Equipment Rental, HCM Systems
Oracle Buys Apiary
Xactly Introduces Commission Expense Forecasting Solution for Finance
LogiNext, a Jack Ma Funded Company Enters Indonesia's Booming Logistics Market
Noble Composer v11 Upgrades Agent Efficiency
RNSS Celebrates 20 Years As A SYSPRO Partner
NAKIVO Announces Support for vSphere 6.5 and Adds Skip Swap File in the Upcoming v7
SKECHERS Uses Oracle to Localize Assortments As They Grow Their Retail Presence
Metatron, Inc. Announces Strategic Move into the Areas of Mobile Encryption, and Virtual Reality for its Mobile Development Business
Belk, Hot Topic and Torrid Choose Oracle Retail Stores Solutions to Unify Brand Experiences
Infor Continues Significant Growth in Retail
Infinera Transforms Subsea Networks to Cloud Scale with New DTN-X Platforms
Crate and Barrel to Transform its Retail Experience in the Cloud with Infor
Ricardo Eletro Reduces Operational Cost by 40m Brazilian Reais per Month with Oracle Retail

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Intrinsic Executive Search Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)