Pipeline rolls out FIX and FAST with Onix Solutions

1 July 2008

London based Onix Solutions has today announced that Pipeline Trading Systems has commenced the roll out of both FIX trading and FAST market data support in conjunction with Onix Solutions. New York based Pipeline partners with professional traders to optimize the execution of giant orders while denying statistical arbitrageurs the information they need to front run. With more than 500 member firm installations and over 4000 discrete users the Pipeline Trading System will be amongst the largest combined FIX / FAST networks globally.

Howard Engelhart, Director of Engineering at Pipeline, stated that "the new architecture will provide Pipeline's clients with an extremely high performing, flexible platform upon which Pipeline will continue to innovate."

Andrew Roper, Head of Pipeline's Applications Group, said: "We have integrated FIXForge into our API layer at both the client and the server. Having conducted an extensive review of the commercial offerings available we found it to be the most stable and efficient solution on both sides. Onix's responsiveness and willingness to tailor the product to our needs was exemplary. We have integrated FAST support for optimised network communications and are transmitting high volume block trading messages between the client and server."

Richard Barker, Business Liaison Manager of Onix Solutions, said:
"Opportunities to work on such large scale projects in the most exacting of business environments do not arise that often. To win this on merit and work with such a prestigious ATS was a feather in our cap. The specific optimisations and tailoring to meet Pipeline's requirements were well defined and highly controlled and in this regard were not onerous. We are delighted that this has been rolled out and look forward to making additional client lead enhancements as Pipeline continues to grow and extend its offering."

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