CHICAGO, IL – November 27, 2000 — InfoReach, Inc., a major provider of Financial Information Exchange (FIX) connectivity and electronic order management technologies to the financial industry, announces an agreement with Reuters InterTrade Direct (RITD) S.A., located in Luxembourg, to become a Preferred Vendor of the FIX Engine under RITD’s Preferred FIX Vendor Programme.
The RITD service provides open, electronic access to international markets of liquidity, supporting the financial community’s investment, trading and settlement activities. Testing and certification of InfoReach FIX Engine is necessary before becoming officially certified under the Preferred FIX Vendor Programme. InfoReach expects to complete certification testing in the beginning of 2001.
Allen Zaydlin, CEO of InfoReach, sees the RITD certification as a natural step in increasing the exposure of InfoReach’s products and services on the global market. “Reuters is an internationally recognized institution and we are proud to be selected for the FIX Vendor Programme. Our FIX Engine is already deployed globally by several major firms, but this program will enable us to gain greater exposure to the market.”
Zaydlin also added, “By having our FIX engine certified with RITD we significantly shorten the time the firms have to spend establishing a FIX connectivity with RITD.”
InfoReach FIX Engine is a part of InfoReach TMS that features platform-independence, scaleable distributed architecture, real-time centralized order management and reporting, and powerful end-user GUI components. It has been successfully deployed at various buy-side and sell-side institutions around the world. InfoReach FIX Engine product is a superior off-the-shelf enterprise quality solution for FIX-based connectivity.
