Exchange Systems, Inc.
 


ConnectEX software provides specialized connectivity solutions that are optimized for individual exchanges. ConnectEX Software is FIX compliant and provides high speed, direct connectivity to any exchange with FIX protocol based electronic trading support. This software can be used to establish connectivity to an exchange, and send trades and receive trade confirmations in real time. The software is designed to be highly scalable, and handle the ever increasing trading volumes.

Along with Orders and Cancels ConnectEX also supports Cancel Replaces (modify) and Order Status Request messages to be sent to exchanges. ConnectEX functionality can easily be tested in-house, using our SimulateEX software, which provides a FIX protocol based, exchange simulation environment.

Currently, ConnectEX is certified at Chicago Mercantile Exchange (CME, incl. CBOT,NYMEX), Intercontinental Exchange (ICE) and New York Stock Exchange (NYSE). The software is flexible and can easily be connected to any sell side FIX compliant system. Our initial focus is connectivity to derivatives exchanges.


ConnectEX for CME, CBOT and NYMEX:
  • Certified with CME's iLink 2.X software providing access to all the products that are listed on CME's Globex platform.
  • Certified to trade with CBOT and NYMEX products that are traded on CME Globex
  • Implemented CME's enhanced resend message processing feature
ConnectEX for ICE:
  • Certified with ICE's FIX compliant trading engine

  • Implemented Security Definition Request and Response functionality that helps clients to receive security definition information for currently traded instruments of different markets, like IPE Brent Futures, Electricity Futures etc.

Typical usage scenarios for ConnectEX:

  • Algorithmic Traders, requiring high speed, direct connectivity to exchanges
  • Core functionality of ConnectEX is available as API(Application Program Interface), helping ISVs with faster development, and easier integration with their trading systems
  • ISVs developing screen based trading systems, order management systems and execution management systems
  • ISVs developing algorithmic trading systems
  • Any buy side firms, proprietary trading firms, requiring connectivity to exchanges or other trading partners

Technical Features:
  • ConnectEX is written in 100% pure Java programming language, and hence it can be deployed on any hardware to get the performance advantage of advanced server hardware
  • ConnectEX is multi threaded, in order to handle high transaction throughput
  • ConnectEX provides back testing functionality, which makes it easy to test new trading algorithms
  • ConnnectEX can be easily integrated with any FIX based order management systems
  • ConnectEX provides a flexible API(application program interface) so that the software can be easily integrated with other systems
  • ConnectEX can also be configured, so that the exchange connection can be shared by multiple traders within the trading group