Denver, CO and Boston, MA (PRWEB) April 2, 2007
Selero, Inc. and the Boston Equities Exchange (BeX) announced today that Selero is in full production providing the end-to-end STP backbone at BeX. That includes internal integration, external gateways, and administrative interfaces used for listed and OTC order routing, order handling and back office processing.
"Selero connects systems regardless of message protocol, provides flexibility in a highly dynamic environment, extends application processing capabilities and makes operational efficiencies possible with its administrative interfaces," said Yann L'Huillier, Chief Information Officer at BeX
BeX was launched in late 2006 to provide next generation trading tools within the National Market System, offering retail and institutional investors the automated tools, quality executions and cost structure needed, while helping to manage financial and regulatory risk.
"The BeX team worked closely with Selero to implement a highly complex, multi-dimensional technology platform," said Fred Horn, Chief Executive Officer of Selero.
Selero provides BeX with access to outside entities through order-entry customer gateways that support the FIX, MMTP©, and CMS protocols; a ticker plant gateway; and the SIAC and SIP reporting gateway.
Inside the Exchange, Selero provides back office connectivity for applications. It performs real-time monitoring and management of trade status and system monitoring.
Currently, Selero is running the BeX program for certifying new customer connections and participating in ongoing enhancements.
About Selero, Inc.
Selero provides high-speed execution across the equities trading supply chain, spanning asset managers, broker dealers, exchanges, ECNs, ATSs, dark pools, and regulators. The Company's offerings range from connectivity, integration, and hosted order routing to highly automated trade execution, liquidity management, operations solutions, and application-on-demand functionality. In addition, the Company is affiliated with Nunami Services, LLC, Member NASD. Selero's solutions are designed to be fast to implement, fast to operate, and fast to change in response to real-time market dynamics, while also delivering best execution. To learn more about the Company visit http://www.selero.com
About the Boston Equities Exchange (BeX):
The Boston Equities Exchange (BeX) provides a highly reliable trading environment created by a powerful joint venture of industry leaders for quick, cost-effective executions of NMS securities (NYSE - Listed, NASDAQ, Amex, ETFs, BSE sole-listed). BeX delivers exceptional customer service in an all-electronic, order-driven, open market model. It is completely Reg NMS compliant and offers speed of execution, competitive pricing, no barriers to entry and sophisticated technology with strict auction principles of price, time priority. BeX is a joint venture between the Boston Stock Exchange (BSE) and five industry leaders: Citi, Credit Suisse, Fidelity Brokerage Company, Lehman Brothers and Merrill Lynch. The partnership created the BSX Group, LLC that owns and operates the BeX market. The five major global securities firms provide intellectual and financial capital. For more information: http://www.bostonexchange.com.
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