APT and SimCorp Agree to Partnership
SimCorp has reached a partnership agreement with apt computer systems, provider of Financial Information eXchange (FIX) engines and simulation tools. The agreement supports the integration of apt’s FIX engine with SimCorp’s TMS2000 straight through processing (STP) investment management system. This will facilitate electronic trading for TMS2000 users, which, in turn will enable significant savings in dealing costs. Electronic trading using the FIX protocol first became established in the USA and is now a rapidly growing trend in the UK and the rest of Europe.