Nyfix (Nasdaq: NYFX), a leading provider of innovative solutions that optimize trading efficiency, today announced that BNY ConvergEx's Eze Castle Software, a leading buy-side order management system (OMS) provider, has chosen Nyfix as its preferred FIX engine provider and will upgrade to Appia v5 - Nyfix's newest FIX Engine - to power its OMS FIX messaging technology.
The agreement builds upon the companies' existing relationship and ensures that Eze Castle's OMS FIX messaging will continue to be powered by Appia in the future.
Appia v5 has raised the bar for FIX engine performance with significantly reduced latency and higher message throughput, enabling users to handle increased trading volumes and remain responsive to fast-moving market opportunities. This high performance engine supports enterprise-wide deployments across multiple assets classes, desks, and countries, while the addition of innovative Dynamic Load Balancing and High Availability options ensure immediate failover protection for uninterrupted trading.
"It's great to team up with a like-minded partner like Eze Castle who is focused on staying ahead of the curve and making the latest technology available to its clients," said Bob Moitoso, Global Head of the FIX Division at NYFIX. "Eze Castle's clients are sophisticated, high-frequency trading firms that demand the best in technology to maintain a competitive edge, and pairing Eze's leading OMS technology with our newest release of Appia will certainly give them an advantage."
Commenting on the agreement, Jeff Shoreman, COO of Eze Castle Software said, "We are very excited about our continued partnership with NYFIX and the benefits the combination of Appia and the Eze OMS will bring to our clients. NYFIX's position as a pioneer in the FIX industry, its deep knowledge of FIX technology and its dedication to continuing innovation gives us the confidence that they will continue to evolve their services to meet our clients' demands."