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ASX Selects Greenline's VeriFIX(R) for Multi-Protocol Testing

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CHICAGO, April 23, 2013 (GLOBE NEWSWIRE) -- Greenline Financial Technologies, Inc., a leading provider of multi-protocol electronic trading technology, today announced the Australian Securities Exchange (ASX) has successfully used VeriFIX to test its ASX ITCH, ASX OUCH and ASX 24 ITCH services. VeriFIX is an industry-leading automated testing tool that supports FIX and over 60 major proprietary protocols for the testing and validation of market data and order entry trade messaging.

ASX uses VeriFIX to test its FIX protocol connectivity, and has now expanded its use to test ASX's ITCH and OUCH protocols. VeriFIX can quickly and efficiently complete regression testing, load testing and unit testing. The use of existing test cases in VeriFIX helped ASX to begin testing immediately. This accelerated start to the testing process helped to free time to develop new test cases that were easily uploaded to VeriFIX.

"ASX is releasing new protocols to significantly improve the performance of our market data and order entry services, and to better align our offerings with international standards. Greenline's reliable and powerful VeriFIX testing tool helped accelerate our testing schedule for these new protocols. VeriFIX's multi-protocol testing capabilities help us ensure that high quality testing is conducted across these new products," said Andrew Lennox, General Manager, Markets Technology and Enterprise Architecture, ASX.

"We are delighted that the ASX has successfully used VeriFIX in the preparation for its release of the ITCH and OUCH protocols. Our work with ASX is another example of Greenline's leadership in delivering efficient and effective testing solutions for major global exchanges," said Phill Jeffrey, Head of Asia, Greenline Financial Technologies.

About Greenline

Greenline provides superior FIX and proprietary protocol and electronic trading technology solutions and services across all asset classes for leading global financial institutions. Greenline's flagship product suite, VeriFIX®, CertiFIX®, MagniFIX®, MetriFIX® and Exchange Central, delivers end-to-end global connectivity solutions for any electronic trading environment using or migrating to FIX and proprietary protocols. In addition, its premier Professional Services consultancy can evaluate and improve clients' business strategy and trading technology operations, leveraging its expertise across all connectivity and messaging protocols. With global reach and client experience, Greenline is ideally positioned to meet the demand for connectivity and related trading technology. Greenline Financial Technologies, Inc. is a member of FIX Protocol Limited – North Americas, and is a wholly-owned subsidiary of MarketAxess Technologies, Inc. For more information, please visit www.greenlinetech.com.

About ASX

ASX Group (ASX) is one of the world's leading exchange groups, ranked among the top 10 by market capitalisation.

  • We operate a fully integrated exchange across multiple asset classes – equities, fixed income and derivatives.
  • We service a wide range of retail, institutional and corporate customers, directly and through intermediaries.
  • We offer a broad range of services that allow our customers to invest, trade and manage risk. This includes listings, trading, post-trade services, and technical and information services.
  • We operate infrastructure that supports the systemic stability of Australia's financial markets and which is critical for the efficient functioning of the nation's economy, economic growth and position in the Asia Pacific region.

More information about ASX can be found at: www.asxgroup.com.au

CONTACT: Media Contact Diana Bhaktul Marketing and Communications Greenline Financial Technologies, Inc. Tel: +1.212.813.6354 Email: dbhaktul@greenlinetech.com

Source: Greenline Financial Technologies