JAVELIN TECHNOLOGIES' FLIRT TRANSFORMS ELECTRONIC TRADING.

Javelin Technologies, Inc., the leader in electronic trading technology, has announced the distribution of FLIRT, an Internet infrastructure for the real-time communication of trade data. Built by Javelin, FLIRT (Financial Language Internet Real-time Trading) is a free, open Internet trading standard offering a simple way to prepare the world for electronic trading.

By creating a universal infrastructure for electronic trading over the Internet, FLIRT will push the industry towards increased market efficiency and enhanced liquidity. FLIRT is "protocol friendly," meaning that trade information can be written in any data format (FIXml, FpML, XML, etc.) and reach its intended destination quickly and securely.

With FLIRT's ability to communicate across all languages, and seamlessly link trade counterparties, the entire electronic trading marketplace will benefit from the infrastructure. This includes the retail investment community, the buy side, the sell side, Electronic Communication Networks (ECNs), order management system vendors wanting web-based and non-equity traders using data formats like FpML.

FLIRT uses the connection-less HTTP(s) as its transport layer and adds transactional integrity to create a lightweight state/session management capability, eliminating the need for traditional point-to-point connections (as is the case with a traditional FIX connection today).