EPAM Systems - EPAM’s Capital Markets Competency Center helps MICEX strengthen its aggressive bend through FAST and FIX agreement implementations

Newtown, PA — July 15, 2009 — B2BITS®, EPAM Systems’ Capital Markets Competency Center accouterment accoutrement and technologies for barter connectivity, OMS and EMS solutions, has appear that it has completed the MFIX Market Data accomplishing for the Moscow Interbank Currency Exchange (MICEX) Group, the better barter in Russia, the CIS, and Central and Eastern Europe.
The MICEX Group provides chip barter casework for cyberbanking trading, allowance and settlement, as able-bodied as archive and advice services.
MICEX teamed up with B2BITS®, which has solid clue almanac in aegis industry solutions development and implementation, to actualize a all-encompassing bazaar abstracts interface adjustable with the accepted Financial Information Exchange (FIX) protocol.
MFIX Market Data provides cable casework to all balance traded on the exchange, as able-bodied as abstracts snapshots, incremental updates, apparatus definitions, and cachet information. MFIX Market Data supports both the FIX (versions 4.2 and 4.4) and FAST protocols, and its interface enables acceptance to MICEX via a assorted ambit of bell-ringer solutions advised for brokers, investment, and allowance companies. The casework and interface provided by MFIX Market Data badly abate the time for on-boarding of new clients.
MICEX commissioned the MFIX Market Data accomplishing in an accomplishment to strengthen Russia’s banal bazaar aggressive position, and this accomplishment was included in the MICEX basic 2008 anniversary after-effects report. In 2009, MICEX, partnering with B2BITS®, affairs to advance a circuitous band-aid accoutrement orders administration for the Group’s barter markets to added differentiate their offerings.
“The accomplishing of a globally accustomed agreement for bazaar abstracts administration at MICEX is a cogent footfall forward”, said Alexandre Shlyappo, Director of the Trading Systems Development Department at MICEX. “B2BITS® FIX and FAST technologies accommodate above throughput and actual low latency, appropriately acceptance us to essentially abate the connectivity time and action absolute time abstracts alive advantages to our all-around bazaar participants.“
“We are appreciative to accept been complex in the accomplishing of the FAST and FIX protocols for the better Russian Exchange. Carried out accordingly by B2BITS®, EPAM Systems’ Capital Markets Competency Center, and MICEX’s IT Department, the affiliation with the barter belvedere was a abstruse claiming which we accept auspiciously overcome. We attending advanced to acknowledging and extending the acceptance of MFIX Market Data to audience globally,” acclaimed Mark Bisker, Senior VP of Banking and Finance Solutions, EPAM Systems.
About MICEX
The MICEX Stock Exchange is the better banal barter in Russia, the CIS, Eastern and Central Europe. The Exchange is a allotment of the world’s 20 better banal exchanges, accounting for about 90% of the absolute on-exchange aggregate of trading in the Russian bazaar and about 50% of the all-around aggregate of trading in Russian banal assets. This makes it the centermost of accumulation of clamminess for Russian balance and the capital attic area all-embracing investments in stocks and bonds of Russian companies are made.

The MICEX Stock Exchange organizes circadian trading in stocks and bonds of added than 740 Russian issuers. 436 balance of 266 Russian issuers are listed on the Exchange. Participants in trading are added than 670 organizations — able participants in the balance bazaar which serve 645 thousand clients, including 622 thousand alone investors (on 1.01.2009: 559 thousand). Trading is captivated electronically on the base of an abreast trading system. The Stock Exchange is affiliated with bounded trading floors and added than 1700 limited workplaces in banks, allowance firms and added banking institutions in 100 Russian cities.
www.micex.com

About EPAM Systems
Established in 1993, US-based EPAM Systems is the arch all-around software engineering and IT consulting provider with accumulation centers in Central and Eastern Europe and applicant adverse operations in North America, UK, Germany, and Sweden. With 4,500 professionals deployed above development locations in Russia, Belarus, Hungary, Kazakhstan, and Ukraine, EPAM delivers circuitous software artefact engineering for arch all-around software and technology vendors, as able-bodied as development, testing, maintenance, and abutment of mission analytical business applications and angular aggressive IT consulting casework for all-around Fortune 2000 corporations.
B2BITS®, EPAM Systems Capital Markets Competency Center, delivers solutions that awning trading and operations in all asset classes including Equities, FX, Options, and Fixed Income. The Center’s reusable frameworks and apparatus cover OMS, analogous engines, bazaar abstracts feeds adapters, barter gateways, and cyberbanking transaction casework activated in abounding trading firms, banks, allowance and allowance houses, as able-bodied as exchanges. B2BITS® is a registered brand of B2BITS, EPAM Systems, Inc.
www.b2bits.com
www.epam.com

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