EXTOL of Brazil and Lasalletech form a Strategic Partnership to serve all of North America and Latin America
The Lasalle Technology Group, LLC (“Lasalletech”) and EXTOL of Brazil announce today the formation of a new strategic partnership. The initial phase of this strategic partnership has EXTOL providing sales and support for the Lasalletech FIX Productivity Suite throughout Latin America. Additional strategic initiatives are planned.
The Lasalletech FIX Productivity tool suite consists of FIX Technician (with FIX Replayer) used for both ad hoc and fully automated testing, FIX Detective for management, monitoring, and operational diagnostics; FIX Conductor a fully automated onboarding and certification solution, and FIX Explorer the industry leading FIX specification and service offering management system. The Lasalletech FIX Productivity tools are highly integrated to make the process of developing, deploying, and operating FIX based services more efficient. The tools enhance productivity and improve communication during the entire FIX lifecycle, resulting in reduced costs and quicker time to market. “We are pleased that EXTOL, a Sao Paulo, Brazil based leading provider of financial technology products and services have enthusiastically agreed to sell and provide support for Lasalletech products. Similar to Lasalletech, EXTOL has a proven track record in delivering FIX-enabled trading solutions,” said Jim Northey, co-founder of Lasalletech.
With resellers and customers around the globe, Lasalletech’s product suite is now helping to improve the quality and efficiency of financial markets in the UK, European, Australian, South East Asian, Hong Kong, Middle Eastern, North American and now Brazilian financial trading markets.
Jim Northey, Edwin Montenegro, EXTOL CEO, and Silvio Pearla, Sales Manager, have worked together in volunteer leadership positions with FIX Protocol Ltd. to expand the presence and adoption of the FIX standard throughout Latin America.
Mr. Montenegro stated, “We are extremely impressed with the functionality, ease of use, and affordability of Lasalletech’s tools. We are eager to bring these quality products to our customers and home markets as the growth of electronic trading continues in Latin America.”
“We here at Lasalletech are extremely excited to bring our products and our expertise to Latin America via our partnership with EXTOL. EXTOL shares our vision in terms of products and services,” said Jacob Northey, Lasalletech Product Manager and Partner, “A key part of Lasalletech’s commitment to the growth and adoption of the FIX Protocol is the availability of very high quality, yet very affordable productivity tools. Our users are finding our products have superior features and usability when compared to other product offerings at a fraction of the cost.”
About EXTOL
EXTOL was founded in 1996 by a group of technical professionals in systems with substantial experience in the stock market and in helping Bovespa & BM&F brokers with IT services. EXTOL has over the past few years greatly enhanced their systems and services, and created new products. This culture of continuous innovation has helped EXTOL obtain an impressive position in the Brazilian electronic trading market.
One of EXTOL’s most successful systems, XBroker, used by Bovespa and BM&F, enables the smooth management of operations carried out by Bovespa and BM&F. The system is sectioned into four modules: Orders, Financial, Data Records, and Integrator, which allow for business consistency. In use at BM&F, the Broker’s Orders and the Execution Management of the XBroker’s system enables the follow-up and the management of operations carried out at BM&F with the traders’ trade screen specification, or else via overtime.
About The LaSalle Technology Group, LLC
The LaSalle Technology Group, LLC was founded in 2006 by father and son team of Jim and Jacob Northey. Lasalletech is focused on delivering expertise in the high tech finance industry while developing products that make deploying large financial applications easier. Lasalletech provides a suite of tools designed to lower the cost of FIX adoption and usage. Having worked closely with the FIX Protocol Ltd. in developing the FIX and FAST specifications, both Jim and Jacob have great insight into the current implementations as well as where the two standards are heading. The Lasalletech FIX Productivity suite follows their successful introduction of their commercially available DataSheet development framework and their open source OpenFAST library.
