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Smart Trade Technologies and QuickFIX partner to provide a pure Java Open Source FIX Engine

NY, ny.—July 20, 2005—Smart Trade Technologies, the leading provider of smart routing and execution platforms, and QuickFIX the open source FIX engine, today announced their partnership to provide QuickFIX/J, a pure Java implementation of the QuickFIX engine.

This new initiative allows a native integration of the QuickFIX engine with Java enterprise technologies. QuickFIX/J will open the QuickFIX project to the very active Java open source community. It represents the cornerstone necessary to develop new Java tools and extensions around the QuickFIX technology. Smart Trade Technologies contributes to the QuickFIX/J project by dedicating its skills and resources to it, and can now provide inside its smartTrade Trading Platform (STTP) an out-of-the-box enterprise class FIX connectivity extension. This partnership is part of the Smart Trade’s strategy to embrace the open source community and push for the next generation of trading technologies.

"I think the smartTrade’s involvement is interesting because of their expertise in developing financial, and specifically, trading applications", said Steve BATE, the lead developer and initiator of the QuickFIX/J project. "Support from companies like smartTrade gives QuickFIX/J a distinct advantage over most open source projects and establishes smartTrade as a significant player in open source trading software development".

"QuickFIX/J is a great opportunity for the FIX community," said David VINCENT, CTO of Smart Trade Technologies. "We want to help building technologies around FIX and pushing for its adoption via the Open Source community. The strong adoption and the high quality of QuickFIX coupled with the R&D effort in trading technology from smartTrade, are the good cocktail to make it happen. With this new partnership with QuickFIX, smartTrade clearly continues to lead innovation in the electronic trading space".

"This initiative illustrates the vibrant community support behind the QuickFIX project", adds Oren MILLER, the creator of QuickFIX. "It demonstrates once again the value a commoditized FIX engine has for not only buy and sell side operations, but software vendors as well".

The QuickFIX/J engine is currently under beta phase. Tests are being carried out with a major global investment bank.