Arcontech Group Regulatory News (ARC)

3 Mar 2008 07:02

Knowledge Technology Solutions PLC03 March 2008 3 March 2008 Knowledge Technology Solutions Plc ("KTS") Arcontech announces expansion of StarNet market data platform for Tradition Group Following its successful implementation of Arcontech's CityVision StarNet marketdata platform, Tradition Group (www.traditiongroup.com/uk) has extended thissystem to manage contributions to Bloomberg in London. The migration of theBloomberg contributions from the previous system was achieved in a matter ofdays. The Tokyo hub has also been rolled-out, to support local contributions to anumber of vendors in that region. The deployment, achieved within a week, isintegrated with the London hub and provides seamless data transfer between thelocations. Other data collection hubs throughout the world are in the processof roll-out. Currently the data platform collects data from 10 offices globallywith further expansion planned for 2008. The StarNet system collects data from various sources, including in-housetrading systems and numerous Excel spreadsheets. It enables managed real-timepublishing to many destinations, including Reuters, Bloomberg and Tradition'sRMDS platform, as well as to other global offices. Commenting on these improvements Dominique Velter, Strategic Marketing Directorat Tradition said: "We chose the Arcontech system over competitors because wewere convinced that it would meet our growing business requirements quickly andefficiently." Andrew Miller, managing director of Arcontech, added: "It's great to be involvedwith a dynamic and forward-thinking firm like Tradition. They recognised thepotential for cost and operational efficiency offered by StarNet and haveimplemented an innovative architecture using our off-the-shelf products." -Ends - For further information please contact: KTS / Arcontech 020 7256 2300Andrew Miller Kelso Consulting (PR advisers to Arcontech) 020 7242 2272Tim Prizeman/Angelina Hunt Notes for Editors Arcontech: Founded in 1979 and acquired by Knowledge Technology Solutions PLC in2007, Arcontech is an award-winning developer of mission-critical software forreal-time market data transmission and trading. Its clients cover a wide rangeof users of market data, from leading City institutions through to bookmakingwebsites. The CityVision suite addresses enterprise level real-time datarequirements. CityVision: Arcontech's suite of software components for real-time datapublishing is well established and proven with major City institutions.CityVision's StarNet components extend the suite to allow financial institutionsto interconnect different networks and the Internet. CityVision allows theimmediate, simultaneous and secure transmission of market data between sourcesand destinations. It can deliver very high message rates with exceptionally lowlatency and can scale from one to hundreds-of-thousands of users. This information is provided by RNS The company news service from the London Stock Exchange