By implementing the Mixit FIXTM Interface, the KSE provides a global connectivity standard enabling real-time transactions in an electronic, transparent, and cost efficient manner. FIX based connectivity will also facilitate high-speed market access to the international liquidity flowing into KSE.
The KSE adopts the FIX (Financial Information Exchange) Protocol by implementing the Mixit FIXTM Interface. FIX is the industry-driven messaging standard that is changing the face of the global financial services sector. A significant portion of global liquidity is transacted over FIX based connectivity and the major stock exchanges and investment banks use FIX for electronic trading, as do the world's largest mutual funds and money managers and thousands of smaller investment firms.
"The KSE has selected Mixit products for their robustness and maturity gained in the U.S. markets. This will standardize our offering enabling global reach hence providing mutual benefits to our members and their international trading partners," said Adnan Afridi, MD, KSE.
"The Highly Available Mixit platforms include Mixit FIXTM and Mixit iFIXTM (automated FIX testing/certification) and provide the infrastructure and tools required to maintain a resilient, continuously available production environment. Members of the KSE can significantly increase performance and accuracy," says Abdullah Jan, Head of IT, KSE.
"We are pleased to be partnering with the KSE to deliver full FIX capabilities to their members and international partners," says Yusuf Jan, Partner & EVP, Mixit Inc.
"Powered by Mixit's advanced FIX based technology, the KSE will be able to attract local, regional and global liquidity. This technology will enable KSE members to seamlessly interact with their automated trading platform and offer Direct Market Access (DMA) capabilities to international trading partners," says Walter V. Fitzgerald, President & CEO, Mixit Inc.
About KSE
The Karachi Stock Exchange (KSE) is the largest and premier stock exchange in Pakistan and was incorporated on March 10, 1949. The KSE aims to be the leading stock exchange in the region by providing an efficient, fair and transparent securities market to all market participants. The KSE offers quality and value added services by being a customer oriented organization with state of the art technology infrastructure. The KSE is currently undergoing a process known as demutualization whereby KSE will become a publicly listed company with its shares traded by investors. www.kse.com.pk
About Mixit
New York based Mixit is the worlds trusted provider of advanced trading technology and FIX connectivity services to the international financial services industry. Mixit's integrated suite of products allows firms to trade and communicate with each other and with equities and options destinations across all markets. Mixit offers comprehensive on-line trading solutions for the international markets. Mixit's expertise in advanced trading, neutrality and commitment to the highest levels of service provides the foundations for its customers to prosper. Mixit has offices in New York and Chicago. www.mixitusa.com www.mixittech.com
Contacts:
KSE
Abdullah Jan, Head of IT, +92.21.111.001.122
ajf@kse.com.pk
or
Mixit,
Inc.
Yusuf Jan, EVP, 917-254-4515
yjan@mixitusa.com
or
Antonio
Panos, EVP; 917-254-4254
apanos@mixitusa.com
