Fortis Investments Chooses Radianz for FIX Networking
Radianz has been selected to provide networking that supports the Financial Information eXchange (FIX) protocol to Fortis Investments. Under a three-year contract, Radianz will connect major sell-side brokerages around the world to a new FIX-based system that Fortis Investments uses to transmit investment orders to its brokers. Radianz will supply the networking using its global financial extranet, RadianzNet. RadianzNet was designed specifically for financial use and supports the messaging standards, such as FIX, that are used throughout the financial industry. Radianz also announced that P. Howard Edelstein will assume the role of president and CEO after Doug Gilstrap resigns, effective August 15, 2003. Edelstein joins Radianz from E.M. Warburg Pincus & Company, Inc. where he served as ‘entrepreneur in residence’.