Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (220)	12/8/1998 4:26:00 PM
From: ----------	Read Replies (1) \| Respond to of 1222

IMO, with DTC onboard, this is evidence the major wirehouses & exchanges will follow suit......... NEON Buys FIX Engine From Cambridge Technology Partners Financial Information Exchange Protocol Strengthens NEON's Product Offering ENGLEWOOD, Colo. - December 7, 1998 - New Era of Networks™, Inc. (NASDAQ:NEON) announced it has purchased all the rights to Cambridge Technology Partners' (NASDAQ: CTP) Financial Information eXchange (FIX) Engine. As part of the agreement, Cambridge will be a reseller and integration partner of the NEON FIX Engine. NEON is currently integrating the FIX Engine with its Enterprise Application Integration (EAI) solution. The combined product will reduce integration costs and deliver a vital component to achieve Straight Through Processing (STP). The FIX protocol was developed for communication between the buy and sell sides in the securities industry. Goldman Sachs, Merrill Lynch, Commerzbank, NASDAQ, CSFB, and Kleinwort Benson (Dresdner) are using the FIX Engine. It is also becoming popular in Europe and Japan as part of the Big Bang. The Big Bang is the Japanese financial services industry's effort to make its financial system more competitive with international markets by 2001. "Based on my experience with CTP's FIX Engine and the group that developed it, it is the most comprehensive and proven FIX solution offered to the financial services industry," said Chris Morstatt, Senior Vice President for Commerzbank. Morstatt was the original author of the FIX protocol, a founding member of the FIX Steering Committee and former co-chairperson of the FIX Technical Committee. "NEON's acquisition of Cambridge's FIX Engine and the integration of this technology into NEON's product set will offer securities firms greater access to strategic trade connectivity solutions," said Larry Scott, vice president, Money Management and Trading Solutions at Cambridge Technology Partners. "We will continue to develop FIX and trade connectivity solutions to take the securities industry to the next level of automation in pursuit of the STP objectives." "The FIX protocol is a critical standard in financial services," said Rick Adam, CEO of NEON. "We are pleased to incorporate Cambridge's FIX Engine into our Enterprise Application Integration solution. As we complete our libraries of financial protocols, this extends our leadership in financial systems integration." "We will continue our collaborative agreement with CTP to develop FIX products and services," said Peter Hoversten, Senior Vice President, Product Strategy for NEON. "We believe this product is the best FIX solution available today and are enthusiastic about adding it to our product base." NEON and CTP announced in June this year they had entered an agreement to provide capital market firms ith a cohesive line of products and services to meet their STP objectives. As a result, the two companies planned to build a joint solution that would combine CTP's FIX Engine and NEON's Enterprise Application Integration system.