Alpha Omega Announces Global Launch of FIXAffirm(TM)

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SAN FRANCISCO, Nov. 6, 2013 (GLOBE NEWSWIRE) -- Alpha Omega Financial Systems ("Alpha Omega"), an innovator in post-trade technology, announced today the global launch of its flagship product FIXAffirm™, the first comprehensive post-trade solution for the investment management industry based on the industry standard FIX protocol.

Available in both enterprise and hosted versions with global FIX connectivity, FIXAffirm™ directly connects asset managers and counterparty broker/dealers to deliver fully automated allocation, confirmation and affirmation of trades immediately after trade execution. FIXAffirm™ makes the post-trade process much more efficient and cost effective for asset managers, hedge funds and broker/dealers.

"Leading asset managers and broker/dealers are spearheading the adoption of the FIX protocol for post-trade in order to benefit from lower costs and better integration with trading systems," said Ignatius John, president of Alpha Omega. "FIXAffirm™ facilitates this adoption by offering an off-the-shelf solution that integrates seamlessly with either in-house or third party order management systems."

Early adopters of FIXAffirm™ include a top global asset manager and leading broker/dealers. Additionally, Linedata, the global solutions provider to investment managers, has formed a partnership with Alpha Omega to enable clients of its Linedata Longview system to achieve Straight Through Processing (STP) between their front, middle and back offices.

"We are very pleased with the performance of FIXAffirm™ in delivering near real-time post-trade processing," remarked Kamal Duggirala, chief executive officer of Alpha Omega. "Our clients are achieving a significant reduction in post-trade costs, which ultimately adds to portfolio returns."

About FIXAffirm™

Designed by industry experts with more than 50 years of combined experience in portfolio management and trading technology, FIXAffirm™:

  • Covers global equities, ETFs and fixed income securities
  • Reaches brokers worldwide through established global FIX networks
  • Is capable of matching Standing Settlement Instructions (SSI) between asset managers and counterparties
  • Enables asset managers to specify tolerances for matching on a field-by-field basis
  • Provides intraday processing, so errors can be fixed on trade date

About Alpha Omega

Founded by prominent industry veterans, Alpha Omega provides innovative technology to make the post-trade process more efficient and cost-effective for the investment management industry. With over five decades of experience in portfolio management, trading and post-trade processes, Alpha Omega is uniquely positioned to bring advanced FIX based technology to asset managers and broker/dealers. The company's flagship product, FIXAffirm™, directly connects counterparties to deliver fully automated allocation, confirmation and affirmation of trades for equities and fixed income securities. For more information, please visit

CONTACT: Scott Tangney Makovsky 212.508.9661 Jennifer Morgan Alpha Omega 415.906.6478

Source:Alpha Omega Financial Systems, Inc.