Arcontech Group Regulatory News (ARC)

20 Sep 2007 09:30

Knowledge Technology Solutions PLC20 September 2007 RNS Release 20 September 2007 Knowledge Technology Solutions plc ("KTS", "the Company") Contract Win Arcontech, the award-winning developer of mission-critical software forreal-time market data transmission and trading, which was recently acquired byKTS, has been awarded a significant contract to provide contract for difference(CFD) and spread betting trading platforms to Hichens Harrison, the City'soldest firm of stock brokers. The contract comprises Arcontech's AXE software suite to provide a tradingplatform for web-based online trading, a high performance price calculationengine, order management and position keeping and a full back officeadministration system. Dr. Marc Pinter-Krainer, Chief Executive of KTS, commented: "I am delighted to be able to announce this major contract win for our Arcontechsubsidiary. We are pleased to add Hichens Harrison, with its 203-year heritageto our blue chip client base that includes national treasury, central bankingand major investment banking firms as well as supporting many other online CFDand spread betting operations. Hichens Harrison's decision to use Arcontech'ssoftware is a tremendous endorsement of the quality of the product, and thisreinforces my confidence that Arcontech will make an important contribution toKTS over the coming years." Adam Wilson, Chief Executive of Hichens Harrison, commented: "Arcontech's high quality technology is the perfect update to our CFD and spreadbetting capabilities. Arcontech's solution offers excellent reliability andfunctionality, and will help us broaden our online service offering, allowing usto continue our commitment to offering the highest quality service to ourclients." - Ends - Enquiries: Dr Marc Pinter-Krainer, Knowledge Technology Solutions PLC Tel: + 44 (0) 207 256 2300Andrew Miller, Arcontech Tel: +44 (0) 207 405 2111Mike Coe / Marc Davies, Blue Oar Securities Tel: +44 (0) 117 933 0020Katie Hunt / Will Henderson, Smithfield Tel: + 44 (0) 207 360 4900 Notes to Editors About KTS KTS is an innovative provider of financial market data application services andsolutions. The company is listed on AIM, a London Stock Exchange regulatedmarket (ticker symbol: KTS). Its real-time market data information service KTS MarketTerminal was developedin-house and first launched to market in 2003. The KTS MarketTerminalsubscription service is remotely accessed via a standard web browser anddelivers UK equities information including live quotes, news and comprehensiveanalytics. KTS also provides MarketTerminal ON-SITE which allows institutional clients tocustomise and integrate the proven MarketTerminal display application for theirown data distribution and access requirements. This is particularly relevant inthe context of the Markets in Financial Instruments Directive (MiFID) which isintroduced from 1 November 2007. For further information please visit www.ktsplc.com About Arcontech Arcontech, a wholly owned subsidiary of KTS, is an award-winning developer ofmission-critical software for real-time market data transmission and tradingwhich was founded in 1979. Its clients cover a wide range of users of marketdata, including leading City institutions, data vendors, CFD and spread bettingbrokerages. For further information please visit www.arcontech.com About Hichens Harrison Hichens, Harrison & Co plc is a traditional stockbroker with over 200 yearsexperience of giving quality service to the discerning investor. It offersclients a wide range of investment solutions including Advisory PortfolioManagement, Execution Only Dealing, Derivative Sales, Contracts for Difference,Institutional Sales, Research and Corporate Broking. It was founded in 1803.For further information please visit www.hichens.com This information is provided by RNS The company news service from the London Stock Exchange