Bolsa de Valores de Colombia Engages Greenline for VeriFIX®

CHICAGO, May 20 /PRNewswire/ -- Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced its engagement with the Bolsa de Valores de Colombia (BVC) to implement VeriFIX®, its flagship FIX Protocol testing tool.

"We are looking forward to providing the BVC a robust FIX testing environment so that the exchange can accommodate future growth," said Josh Tolman, President of Greenline Financial Technologies. "Greenline's suite of products is utilized by many emerging markets leaders. We value our partnerships with the major leading global exchanges and are committed to helping them develop superior trading technology infrastructures."

"Greenline's global expertise in trading technology solutions made them the leading choice as we look to expand internationally," said Jitendra Puri, Vice President of Technology of the Bolsa de Valores de Colombia. "VeriFIX is a powerful, reliable testing engine that can enable us to deliver high-quality testing support for our exchange members."

"This is a huge opportunity to improve our IT processes and to show our commitment to the modernization of the Colombian securities market," added Puri.

VeriFIX® users can test multiple counterparties and simulate scenarios 24 hours a day. This capability allows for simultaneous load and regression testing for a wider range of trading counterparties. VeriFIX® can also be customized to support multiple flavors of FIX connectivity, providing users the flexibility to support a range of testing needs. Testing scripts can be easily configured to emulate the exchange environment, providing clients and brokers with a realistic depiction of trading behavior, delivering higher rates of testing accuracy and protocol validation. Additionally, VeriFIX® can provide execution reports and latency statistics to illustrate system capacity and easily detect any errors or message loss.

About Greenline Financial Technologies

Greenline provides superior FIX Protocol and electronic trading technology solutions and services across all asset classes for leading global financial institutions. Greenline's flagship product suite, VeriFIX®, CertiFIX®, MagniFIX®, MetriFIX®, and Latency Monitor delivers end-to-end global connectivity solutions for any electronic trading environment using or migrating to FIX Protocol. In addition, its premier Professional Services consultancy can evaluate and improve clients' business strategy and trading technology operations, leveraging its expertise across all connectivity and messaging protocols. With global reach and client experience, Greenline is ideally positioned to meet the demand for connectivity and related trading technology. Greenline Financial Technologies, Inc. is a member of FIX Protocol Limited – North Americas, and is a wholly-owned subsidiary of MarketAxess Technologies, Inc. For more information, please visit www.greenlinetech.com.

About Bolsa de Valores de Colombia

The Bolsa de Valores de Colombia was formed in 2001 through the fusion of three regional exchanges in Colombia. The exchange currently operates cash equities, fixed income markets and derivatives markets. BVC is one of the largest electronic fixed income markets in the world. BVC stock has been listed on the Colombian Stock Exchange since 2007. For more information visit: www.bvc.com.co.

SOURCE Greenline Financial Technologies, Inc.