MetaBit will deliver the production version of the new FIX gateway to its client base on September 26, 2008 to allow time for testing. The new product will support all available standard versions of FIX.
The FIX gateway to JSDA OTC Reporting complements MetaBitâs Alpha product line that provides high performance FIX-to-native exchange connectivity to TSE, OSE, JASDAQ and TOCOM (Tokyo Commodity Exchange). The technology is built on the world leading Orc CameronFIX platform.
âThe upcoming OTC Reporting function requires Japanâs exchange members to report all OTC trades within five minutes of execution,â explains Daniel Burgin, MetaBit CEO. âThe regulatory importance of timely reporting was the driver for this new FIX solution, in answer to our clientsâ needs. It has been a somewhat unusual move, as the new reporting system is file based. Nonetheless, MetaBitâs new FIX interface to JSDAâs OTC Reporting will be critical to deliver a complete and standardised FIX solution for Japanâs markets. As a result we have seen immediate demand in the market place.â
In Japan, MetaBit is the only software provider of pure FIX to native exchange connectivity for all listed products at all major exchanges (TSE, OSE, JASDAQ, TOCOM).