Fix Flyer Acquires Tepin Information

18 August 2008

FIX Flyer, an innovator in trading solutions for institutional markets, announces today that it has acquired Tepin Information, an innovator in institutional trade testing and FIX certification.

“Combining Tepin with Flyer’s monitoring, real-time trade analysis and simulation tool suite realizes the dream of an ingenious integrated solution from a single vendor,” says George Kledaras, electronic trading visionary and founder of FIX Flyer. “Tepin’s Ki platform is the leading connectivity testing tool for the largest and most complex buy side and sell side firms. Our customers have been demanding an integrated offering to help them streamline their connectivity. It’s a market driven event for both companies.”

“We are delighted that FIX Flyer and Tepin are working together on more great tools for FIX,” said Tom Driscoll, Vice President of Sales and Marketing at Global Investment Management Solutions provider Charles River Development, a Ki user since 2005. “Our clients demand a mission-critical experience from us so our FIX certification process requires a sophisticated testing suite.”

Mark Sipos, the founder of Tepin and author of testing tool Ki comments, “I am very excited to be joining the Flyer team, recognized universally as the most innovative FIX software company to come along in years. With their vision of a unified tool for operations, they go way beyond the current world of FIX engine technologies designed to be easy to integrate, but not so easy to scale and support.”

Tepins’ clients use Ki to greatly reduce the time that’s needed to certify and test counterparties’ FIX connectivity and complex algorithms without using the precious time of a developer or technical support specialist. In addition, the testing platform lets firms configure and perform regression tests, while analyzing results in real time. This greatly reduces the risk and the time it takes to bring a brand new connection, trading system, or algorithm to market.

FIX Flyer has worked with Tepin since 2004 and uses Ki to certify connections for their online products such as FIXtp, Flyer Online and to their Managed FIX services.

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