The Karachi Stock Exchange (KSE) has adpoted the FIX (Financial Information Exchange) Protocol by implementing Mixit’s FIX interface. FIX is the messaging standard for the global financial services sector. Mixit is a New York-based provider of trading technology and FIX connectivity services.
Adnan Afridi, MD of KSE, said: “The KSE has selected Mixit products for their robustness and maturity gained in the US markets. This will standardize our offering enabling global reach hence providing mutual benefits to our members and their international trading partners.”
Abdullah Jan, head of IT at KSE, said: “The highly available Mixit platforms include Mixit FIX and Mixit iFIX (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.”
Walter Fitzgerald, president and CEO of Mixit said: “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.
