Tradition chooses Arcontech

01/01/2005

Tradition, the global inter-dealer broker has chosen London-based real-time software specialist Arcontech to supply a solution to meet its requirement for a comprehensive, distributed market data publishing system.

Based on Arcontech’s award-winning CityVision StarNet architecture, the system will support traders in seven sites globally, including London, Lausanne, Paris, New York, Singapore, Tokyo and Hong Kong. StarNet will gather data from a wide variety of input mechanisms including Tradition’s electronic platforms, and distribute data to a comprehensive range of data vendors as well as back to Tradition’s desks.

Commenting on their decision, Dominique Velter, Strategic Marketing Director at Tradition said “Following a thorough and comprehensive evaluation we chose Arcontech and CityVision because they were able to demonstrate existing product that satisfied our immediate requirements, with flexibility and extensibility for the future.”

The project is on target, on time and on budget, and all milestone installations have been met.

Andrew Miller, Managing Director of Arcontech says: “We are delighted to be working with another highly respected player in the global financial markets. We see Tradition’s decision to use CityVision StarNet for such a business critical requirement as endorsing our position as a provider of world-class real-time systems. CityVision StarNet was designed for precisely the kind of requirement that Tradition have in mind now, and in the future”