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Greenline Expands Business into Europe

Chicago: 28 September 2007

Article from FOW by Colin Packham.

(http://www.foweek.com/article.aspx?articleid=1445095)

Chicago Based Greenline Financial Technologies has expanded into Europe as it looks to expand its exposure into European exchanges by providing FIX Protocol support systems. It is also looking to acquire new clients in the proprietary trading sector by expanding its new London team as it capitalises on strong new interest.

Greg Ginzburg, product integration manager, Europe at Greenline told FO Week that the FIX and electronic trading specialist is in the process of signing several new clients, but the priority for the firm’s focus remains client support, and continue expanding connectivity expertise to European exchanges having just agreed a deal with the Swiss Exchange, where the bourse will use Greenline’s FIX testing and simulation tool: VeriFIX 4.5, and having finalised connection with Eurex and Liffe. “We are looking to expand our FIX client base and develop connectivity expertise to more European exchanges,” he said.

Ginzburg added that he anticipated a successful period for the company, as he explained interest in FIX is expanding past the traditional stronghold of America. Ginzburg continued that the implementation of Mifid may also drive the new interest in FIX, as many of the financial institutions rush to comply with the EU standards, before November.

Greenline has built up its London presence through the recent hires of Genzburg and Sean Hawie.

About Greenline Financial Technologies

Greenline Financial Technologies, Inc. (www.greenlinetech.com) specializes in providing systemic innovation to the US and international financial services industry. Greenline emerged with the advent of the global electronic marketplace and has since distinguished itself as an industry leader in custom enterprise development for the world’s premier financial institutions. Greenline brings a wealth of industry knowledge to every project and delivers technological performance with dedication, expertise, and savvy. Greenline’s flagship product, VeriFIX, is recognized throughout the financial services industry as the most robust and feature-rich FIX testing and simulation tool available on the market. Greenline complements VeriFIX with tools to assist companies throughout the certification and client support phases of their FIX initiatives. Greenline Financial Technologies is a Member of FIX Protocol Limited – North Americas.