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Product descriPtion

APPIA®

rh/N8080/100427

FAst FActsWhat is it?Appia is a powerful FIX engine used for managing and validating electronic trading messages across different trading systems and networks. NYSE Technologies is the market leader in FIX engines and an industry pioneer, having introduced the first FIX engine in 1994.

Who is it for? Appia is used by a wide range of financial firms – both big and small – including asset managers, broker-dealers, exchanges, ECNs, ATSs and technology vendors.

What does it provide? With Appia, you get a complete FIX-enabled straight-through-processing platform that handles message management and validation, message security, logging, routing logic, persistence, and message normalization. It manages the protocol and your connections, and its pluggable architecture and customizable rules of engagement allow users to adapt to any counterparty in a FIX environment.

The FIX Gateway that’s Reliable, Flexible,and Fast.Appia, delivers a comprehensive solution for managing and validating electronic trading (FIX) messages across multiple platforms, desks, and asset classes around the globe. Its extensive flexibility helps you to get your electronic trading up and running quickly with any new counterparty and built-in redundancy helps to ensure orders and executions get completed. That’s one reason why Appia is the most widely deployed FIX software world-wide, used by 25 of the top 50 brokers, with more than 1,000 installations in 30 countries.

customer challengesKnowledge In order to trade electronically today, it is imperative for firms to be FIX enabled, as FIX has become the messaging standard for the electronic communication of trade-related messages. Without a third party solution, entities face the prospect of building something on their own. Most trading firms lack staff knowledgeable enough to do so.

Performance Recent studies show that the FIX engine is a mission critical area within your trading process where you can improve latency. Getting orders in and executions done in a timely matter has become all the more critical as program and electronic trading have come to dominate the markets.

reliabilityWith electronic trading, firms can lose trading opportunities when a system or a connection goes down, often forcing them to manually restart the platform. Continuity is lost and the opportunity cost of missed trades becomes a hidden expense.

Flexibility Trading firms face hundreds of variations of the language, often having to tailor standards to conform to a counter party’s requirements and trading style. Firms must be able to customize to FIX variations on the fly in order to be able to trade with any given partner.

solution BenefitsHigh PerformanceAppia helps you better manage high trading volumes with low latency through a highly extensible framework. Appia’s strong architec-ture allows for effective deployment enterprise-wide. With sub-200 microseconds latency, you gain the responsiveness necessary to take advantage of fast-moving market opportunities.

total FlexibilityAppia allows you to easily adhere to all the various protocols. There’s no need to go back to the vendor or your development team to make code changes. Over the years, we have added hundreds of attributes to handle all the different oddities you may face, giving you a more robust solution right out of the box. We integrate with your existing infra-structure for fast installations and more ef-ficient workflows. Our pluggable architecture allow you to insert your own business logic into the FIX flow for pre-processing to your trading application.

uninterrupted tradingWith High Availability and Dynamic Load Balancing features, all engines play an active role in communicating FIX messages, allowing you to have a backup server whenever you need it. Our virtual servers take the place of your primary server in the event of a failure, synchronizing with your data. You never lose an order due to server shutdown. Since our servers are spread out geographically, Appia also helps users develop disaster continuity plans.

We have 20 dedicated engineers working on Appia, with over 150 years experience in aggregate. And we partner with largest OMS vendors, ECNs, and ATSs to bring you these key features:

About nYse technologies NYSE Technologies provides comprehensive transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities that require next-generation performance and expertise for mission critical and valueadded client services.

Find out Morecall:+1 646 525 3000 (US)

+44 20 7634 5350 (Europe)

email:Technologies-salesteam@nyx.comSales-Asia-Technologies@nyx.com

Web:www.nyse.com/technologies

© 2010 NYSE Technologies Inc. All rights reserved. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only..

Product descriPtion

APPIA

Pluggable Architecture•Scale server clusters by easily adding engines

•Use hundreds of configurable pre-built plug-ins

•Re-route messages and perform message content filtering

•Manipulate the content of inbound and outbound messages as needed

Fast recovery options•Synchronize with back-up servers for

immediate failover protection

•Receive full message persistence for easy data recovery

•Store messages and critical session details in a flat file or JDBC database

•Manage recovery with seamless disaster site failover process

customization•Normalize in-bound messages and correct

counterparty inconsistencies

•Write plug-ins to insert into message pro-cessing using Appia’s extensible framework

•Customize message routing, translation, and transformation rules

trading session utility•Easy configuration and on-boarding

procedures

•Automate startup, end-of-day activities, and disconnection on a per-session basis

•Administer configuration, monitoring, administration, and testing tasks with pre-packaged tools

•Handle trading across time zones, holidays, and early session trading without intervention

•Configure multiple trading sessions per each Appia FIX engine

Business intelligence•Pre-built validation rules at field, message,

and session levels

•Specify maximum messages flowing in a session connection within a one second interval (Throttle plug-in)

•Ensure data is in compliance before processing (Risk Checker plug-in)

•Verify counter-party information utilizing internal trading and securities data (Table Look-Up plugin)

•Make internal routing decisions based on default FIX tags (Order Routing plug-in)

supported technology•Interfaces: Java, C++, ActiveX, .NET

Toolkits, RMI, InProcess, Socket

•Middleware: MQSeries, Tibco, JMS

•Encryption: PGP, Secure Socket Layer to EMX, SSL client and server connections via Java Secure Socket Extension

•FIX Versions: Appia supports all versions and variants of FIX (4.0 – 5.x) and other financial messaging protocols

•Databases: Oracle, MySQL, Sybase, high performance proprietary flat file

•Platforms: Microsoft Windows, Sun Solaris, Linux, HP-UX, IBM AIX

•OMS/EMS: Connect to applications through a wide variety of interfaces