Berkeley Capital Partners and Forexmonaco launched FIX algorithmic trading protocol (“FIX”)

April 26, 2010 - PRLog -- Berkeley Capital Partners and Forexmonaco today launched an industry standards-based messaging language for algorithmic trading strategies, the FIX algorithmic trading protocol (“FIX”).

The Financial Information Exchange ("FIX") Protocol is a series of messaging specifications for the electronic communication of trade-related messages.

“The FIX protocol has been developed in collaboration of multiple brokers / banks / exchanges who strived to uniform an automated trading language for all instruments across all exchanges “explains Olivier Guiglionda President and Chairman of Forexmonaco. “The FIX protocol is being used by 75% of buy-side and 80% of sell-side firms enabling them to transact in an electronic, transparent, cost efficient and timely manner.”

FIX Protocol specification provides a standard for electronic messages and communications for the financial industry.

Mr. M.A. Berkeley CEO and President of Berkeley Capital Partners stated, “Fix protocol being a standard used by so many institutions, hedge funds and exchanges that companies not using it will have difficulties transacting in an automated way with other financial companies and exchanges”.

Mr. Berkeley added, “The advantage of the adoption of fix as a trading language for a company is that once it’s installed for an instrument or market, adding more markets or instruments is relatively simple as only some parameters within the FIX message will have to be changed. Using FIX a company will have better counterparties, liquidity and transparency than with a single connection to one bank / broker / exchange.”

Institutions have prerequisites to offer prices and executions through their FIX feeds.

Berkeley Capital Partners and ForexMonaco offers to trade through its trading partners thus getting FIX feeds from major institutions (Credit Suisse, Deutsche, Citibank, and Goldman Sachs).

A company that wishes to trade through one of these major institutions would be required to deposit $2.5 million USD, and be a known institution.

Berkeley Capital Partners and Forexmonaco will at no time hold any of the company funds, or any of its risk.

Contact:

Berkeley Capital Partners,

trading@berkeleycapitalpartners.comxa.com

www.berkeleycapitalpartners.comxa.com

Tel: +1(347)632.1850.

Forexmonaco

support@forexmonaco.com

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Berkeley Capital Partners Inc.'s approach is to be at the forefront of the investment industry in developing and applying financial theory, market making skills, and technology to successfully manage a multi disciplinary market presence. The firm's trading capabilities successfully combine long time trading expertise with state-of-the-art technology, quantitative models, superior risk management tools and a rapid time to market development infrastructure.