Solutionforge Product Selected by SWIFT
SWIFT has selected Solutionforge’s Fix.Net trade execution management solution. Solutionforge is a provider of Fix-based straight-through processing solutions and SWIFT said the move was aimed at accelerating the adoption of Fix. Launched in 2003, SWIFTNet Fix is SWIFT’s offering to the financial community for pre-trade and trade messaging, enabling customers to support the full trade cycle over one physical connection to SWIFT. Despite the benefits afforded by SWIFTNet Fix, small to mid-sized firms are often prohibited from using the network due to the cost and complexity of implementing one of the larger Fix-based trading systems.