JOHANNESBURG - Thursday, 13 February 2014 - CheetahFIX Limited is pleased to confirm that the Orb network is connected into London Stock Exchange’s FIX network LSEHub. This cross connection partnership, facilitates the extension of the Orb FIX messaging network across the South African financial trading community. Institutions and brokers will benefit from lower costs and a larger electronic network, ensuring that businesses in the region retain their competitive edge.
“Being able to link up two such vibrant trading communities will promote liquidity and activity in both the London and Johannesburg market places and further afield. This collaboration provides existing and new Orb members the ability to connect to hundreds of buy-sides and sells sides in a reliable and cost effective manner. This is the latest in a series of planned cross connections to other major worldwide networks to ensure the benefits of trading electronically using the Orb network and the FIX messaging protocol in South Africa are fully developed. We are excited to be able to improve the global reach of our network clients by connecting them into the LSEHub FIX network" - Kevin Smith, Director CheetahFIX limited.
Katherine Lachelin, LSEHub Product Manager, commented We are delighted to be able to connect our clients into South Africa through the Orb Network. We have worked closely with CheetahFIX to facilitate new business relationships being created with the minimum of effort or expense. Having a local South African FIX network that can empower more companies to use the FIX messaging protocol will benefit the entire financial market place and we are pleased to be part of that expanding market."
Notes to the Editors
CheetahFIX Limited is a joint venture between Tauri Software Systems and Rapid Addition Ltd.
The joint venture has established the CheetahFIX Orb network, a platform agnostic FIX Messaging Network to be used by the financial services community. The Orb Messaging Network is hosted in Neotel (Pty) Limited’s Tier 1 data centre and runs Rapid Addition’s proven FIX routing software to provide superior levels of stability and performance. The network promotes the unencumbered use of FIX throughout Africa to provide the trading community with FIX-based solutions for the important issues facing the African market place.
For more media enquiries please contact:
- Melvyn Plumridge, Business Development Manager (RSA), +27 87 941 3263