XP Investimentos Selects Greenline's FIX Monitoring Suite

USA - English

• Latin America - español
• Brazil - Português

CHICAGO, Nov. 16, 2010 /PRNewswire/ -- Greenline Financial Technologies, Inc., a leading provider of electronic trading marketplace solutions, today announced its engagement with the Brazilian broker-dealer XP Investimentos to implement MagniFIX®, Greenline's FIX message monitoring product, and MetriFIX®, Greenline's FIX message metrics and latency reporting product.

XP Investimentos is the largest independent broker in Brazil and executes the majority of its trading via FIX. Greenline's MagniFIX and MetriFIX products will help XP Investimentos monitor the high volume of FIX message traffic. MagniFIX provides a consolidated view on all real-time FIX and non-FIX message traffic. Message flow and trade execution reports produced by MetriFIX will help technologists at XP Investimentos analyze the performance of their trading infrastructure and optimize message throughput.

"Greenline's FIX Protocol expertise and reliable FIX monitoring products were the ideal choice to help us manage our FIX infrastructure. We are focused on optimizing our trading infrastructure so that we can scale for growth and expand internationally," said Fernando Kazan Chehebe, Director of Electronic Trading of XP Investimentos.

"We are excited to partner with the sell side community in Brazil. XP Investimentos is one of our many broker-dealer customers that are actively developing world-class trading infrastructure. We are proud to support their technology needs and be a part of their international growth strategy," said Josh Tolman, President of Greenline Financial Technologies.

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 XP Investimentos

XP was founded in 2001 in Porto Alegre, as an introducing broker to Corretora Unibanco Investshop. The focus of the company was to introduce retail customers who attended their regular lectures and market courses to securities trading. This business model, using education to create new investors, proved a winning strategy. Today XP is composed of six independent companies: XP Broker-Dealer, XP Education, XP Asset Management, XP Finance, XP Insurance and XP Technology.

SOURCE Greenline Financial Technologies, Inc.