Arcontech's Excelerator finds

RNS Number : 3122R
Arcontech Group PLC
29 April 2009
 





Arcontech's Excelerator finds favour in Europe



London, 29 April 2009.  Following evaluation against competitive products, Arcontech has been selected to supply its CityVision Excelerator real-time market data 'add-in' for Microsoft Excel™ to a large European bank, replacing the incumbent solution 


The Excelerator product allows traders to bring data into their spreadsheets in real time from multiple sources, including direct exchange feeds and the Reuter RMDS platform. It is extremely simple to use and very fast compared with other products, allowing large spreadsheets to calculate in true real-time or at a controlled update rate if preferred.


Commenting on the win, Andrew Miller, CEO of Arcontech said: 


'Excelerator has been the best performing add-in for Excel for many years and is already a core component for trading operations globally.  Excelerator's new features remove barriers to change and mean that firms have a simple path to improved performance and greater flexibility, with potential for greatly reduced costs.  Efficient use of market data budgets is increasingly important and Excelerator, along with intelligent use of internally derived data and alternative data sources such as Chi-X and Equiduct can mean multi-million dollar annual savings in relatively small operations.'


Features in the latest release that proved persuasive in recent evaluations include: the ability to connect directly to RMDS using Tibco Rendezvous multicast as well as point-to-point server connections; user interface features such as dynamic record and field entry; tick and trend highlighting; the ability to run an Excel macro automatically following an update; and the ability to convert multiple complex Reuter PowerPlusPro spreadsheets in one simple operation.


Andrew Miller went on to add


'Excelerator really is in a class of its own. Being part of our CityVision suite, it benefits from a combination of features that competitors simply can't match, like dynamic chain handling, in-cell stale data alerting, price movement visualization, intelligent bandwidth management and instant fail-over combined with platform and vendor independence.'


The latest version 4.0.1 is available now.

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Notes for Editors


About Arcontech Group Plc


Arcontech Group Plc's (AIM: ARC) key trading subsidiary is Arcontech Limited.

Founded in 1979, Arcontech is real-time software specialist providing products and bespoke systems for collection, processing, distribution and presentation of time-sensitive financial markets data.

Arcontech is independent of any data vendor (such as Reuters or Bloomberg) and has thrived due to timely delivery of dependable, cost-effective solutions to the financial community based on its award winning CityVision product suite. Its diverse clients range from National Government, Banks and Data Vendors through to Internet Bookmakers. 

Arcontech installed its first digital market data products in 1983 and has continually developed new, innovative systems and products, adopting leading edge technology, proven in the marketplace. 

Arcontech has experience of a wide range of technical concepts and applications and the ability to combine the best from each. Key areas of expertise include: 

  • Market data infrastructure 

  • Contracts for difference trading and spread betting systems 

  • Real-time internet distribution 

  • Multi vendor data contribution 

  • Platform integration and protocol conversion 

  • Consulting and custom development 


CityVision

CityVision supports collection, aggregation and redistribution of market data in real-time from multiple sources to multiple destinations. Sources can include exchanges, MTFs (Multi-lateral Trading Facilities in MiFID speak) and data contributions from the spreadsheets and trading systems of the pan-European investment banking community. Destinations include multiple vendor contributions, dealing desk displays, Microsoft Excel, real-time streaming web updates and on-line trading applications.


CityVision continued.

CityVision is fast, flexible, fully resilient, scalable and secure, with a full authentication and entitlements system. The system is extensible to receive instruments in any asset class, from hundreds of contributors and to provide controlled re-distribution. 

CityVision can interoperate with other systems (such as Reuters RMDS and exchanges) via existing de-facto standards (such as Market link SSL and FIX) and via its own comprehensive APIs. This means it can provide cost effective solutions to add value to or replace incumbent systems. 


AXE

Arcontech's AXE is a complete system for on-line and telephone based Contracts for Difference (CFD) trading and spread betting. It is a fully featured product using our award winning CityVision components, combined with proven customer, deal, order and position management software. It's fast and resilient with automatic recovery from server and/or network failure and instant failover to contingency systems. Support for multiple currencies, different languages and graphics re-skinning mean it can be deployed quickly to suit customers' own branding without the need for costly custom building - meaning customers can get to market fast. 


Contacts

Andrew Miller - 020 7256 2300

Sarah Wisbey - 020 7562 7486

sarah@arcontech.com




This information is provided by RNS
The company news service from the London Stock Exchange
 
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