Arcontech Group Regulatory News (ARC)

16 Jan 2008 07:01

Knowledge Technology Solutions PLC16 January 2008 BORSE BERLIN/EQUIDUCT SELECTS KTS FOR MARKET DATA WEB PORTAL KTS Plc, a leading provider of real-time market data solutions, today announcesthat it has been selected by Borse Berlin to develop and provide ongoing hostingfor the Web Portal giving online access to real-time market data produced byEquiduct, its new Pan European Stock Exchange market. The system will beaccessible via the Borse Berlin/Equiduct website from April 2008 enabling usersto view the Equiduct VBBO (Virtual Best Bid/Offer). Pre and post trade data fromits Hybrid and PartnerEx market segments will come online in mid 2008. "We have chosen an established market data vendor for this project to avoid"reinventing the wheel" and to enable us to concentrate on providing the bestquality exchange services for our participants. We have found a partner who willbe responsive to our evolving needs and one with whom we can work together toenhance and build a truly beneficial source of data for our clients." says RobBrouwer, Chief Information Officer, Equiduct. Andrew Miller, CEO of KTS, comments: "The financial markets are evolving rapidlyto include many non-traditional execution venues. KTS supports the innovation offirms like Borse Berlin/Equiduct by providing tailored solutions for theconsolidation and display of market data along with a managed hosting service." "Borse Berlin/Equiduct will be an important venue resulting from the regulatorychanges introduced by MiFID. Our selection is evidence of our strong positioningand ability to address these and other large scale opportunities. As the firstcommercial project to use both Arcontech's low-latency middleware and KTS'sproven flexible, browser delivered display technology, it represents anendorsement of our strategy to combine these two businesses. We are delighted tobe part of this venture." adds Miller. Artur Fischer, Chief Executive Officer, Borse Berlin adds "We believe that theEquiduct VBBO will become the European benchmark price as part of eachinvestment firm's equity best execution policy. The full depth of the virtualbook, from which the VBBO is derived, will be used to calculate volume weightedexecution prices as part of the PartnerEx segment of the Borse Berlin/Equiductmarket thus differentiating Equiduct VBBO from other consolidated data feeds." - Ends - For more information, please contact:Knowledge Technology Solutions PlcAndrew Miller, Chief Executive Officer 020 7256 2300 Borse Berlin / EquiductWendy Gyngell wendy.gyngell@equiduct.eu Blue Oar Securities PlcMike Coe / Marc Davies 0117 933 0020 SmithfieldKatie Hunt / Will Henderson 020 7360 4900 Kelso ConsultingAngelina Hunt / Tim Prizeman 020 7242 2272 About Borse Berlin Borse Berlin has consistently aligned its service offerings to the requirementsof modern exchange trading. Trading foreign shares is its specialty. The foreignshare-market was developed in the mid-nineties and has been continuallyextended. With the majority stake in Equiduct, Borse Berlin starts a process ofnewly positioning itself. The aim is to use the opportunities that the EuropeanDirective in Financial Markets ("MiFID") offers.For more information please visit www.boerse-berlin.com About Equiduct Systems Equiduct Systems will provide the first MiFID-compliant, integrated pan-Europeansingle point of connectivity for trading services through the regulated marketoperated by Borse Berlin. Equiduct's unique market model addresses the four keyrequirements of best execution, enabling guaranteed execution at the lowest costand at the best price with less than 10 milliseconds turnaround time.For more information please visit www.equiduct.eu About KTS Knowledge Technology Solutions PLC is a leading provider of real-time marketdata solutions. KTS has been established in London's financial district, theCity, since 1999 and is a public company listed on AIM, a market operated by theLondon Stock Exchange (ticker symbol: KTS). In 2007, KTS acquired ArcontechLtd., a specialist in real-time market data distribution and trading systems aspart of its strategic initiative to provide enterprise level systems for thefinancial markets. For more information please visit www.ktsplc.com and www.arcontech.com This information is provided by RNS The company news service from the London Stock Exchange