linkedin email
tel +44 (0)20 7256 2300

Extended Agreement with Client

  • Created on the 18 August, 2016.
image_pdf

18/08/2016

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Extended Agreement with Client

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce it has extended its agreement with an existing customer which will provide additional revenues of approximately £285,000 pa. With new Linux based software subscribed to on a recurring license basis, the client can now take advantage of Arcontech’s continuous investment in keeping ahead of technological advances, for example the ability to interface with Open MAMA and Solace.

The new agreement also sees the client subscribe to the Arcontech Symbol Mapper which as well as mapping one symbol to another will enable the creation of its own instruments from internal data and to re-purpose that content across the group. This reduces the requirement to source the same instrument prices from third party vendors.

Matthew Jeffs, Arcontech’s CEO, commenting on the new agreement said:
“We very much enjoy working with progressive clients where our exceptional domain knowledge of real-time market data, coupled with our clients experience and wishes means we can offer the very best solutions. Our goal is to help create flexibility and choice for our clients against other suppliers who wish to lock them into their platforms. Ultimately our independent outlook means our clients can choose the most suitable content, transport layer and infrastructure for their data user’s needs, whilst invariably making huge cost savings”.

Enquiries:

Arcontech Group plc
Richard Last, Chairman and Non-Executive Director 07713 214484
Matthew Jeffs, Chief Executive 020 7256 2300

finnCap Ltd (Nomad & Broker)
Carl Holmes/Simon Hicks 020 7220 0500

To access more information on the Group please visit: http://www.arcontech.com