Arcontech, a leading developer of real-time market data software, has won an award for the most innovative real-time data management solution.
Financial-I magazine, together with leading analyst firms and consultants from the wholesale banking industry, selected Arcontech to receive the award at the Leaders in Innovation Awards on 9 November.
The awards were decided based upon product innovation over the last 12 to 18 months, cost effectiveness of solutions in terms of implementation and deployment, potential business benefits, ease of implementation, and the ability to tackle specific business issues and problems.
Andrew Miller, managing director at Arcontech, said: “Recognition from such a prestigious publication is always welcome, as it proves that the teamwork, hard graft and strategic significance of CityVision StarNet have not gone unnoticed. In this case it is perhaps even more gratifying since we did not make our own entry with over-inflated product puff – the selection was entirely the choice of analysts and other professionals who have experience of best-of-breed products from all quarters.
“The applicability and readiness of CityVision’s innovative data publication, aggregation and controlled re-distribution capabilities in a MiFID context are bound to have been factors in the decision.
This is the second award for Arcontech in 2006, having already won recognition for ‘Networking Initiative of the Year’ at The Banker’s 2006 awards.