Arcontech's Excelerator Gains New Clients
ARCONTECH GROUP PLC
("Arcontech" or the "Group")
Arcontech's Excelerator Gains New Clients
Following the release of the latest version in January, Arcontech is pleased to announce contracts with a number of new clients for its CityVision "Excelerator" add-in for real-time market data functionality within Microsoft Excel spreadsheets.
The clients range in size and function from a smaller UK hedge fund to the US based broker-dealer operation of a large international bank.
The new clients have been acquired following extensive evaluation programmes, during which many client suggestions were incorporated into the product, addressing some specific needs for deployment in mission critical positions.
Common factors leading to Excelerator being chosen over competitive products have been the speed and control of updates into and from the spreadsheet, plus the ease of deployment. Andrew Miller, CEO of Arcontech said: "In this age of ultra low-latency and DMA trading Excel still remains prevalent on the dealing desktop and its performance is truly important. Users report that Excelerator is significantly faster to get data into the sheet, which can mean the difference between hitting or missing an available price or quantity."
The innate performance is a key attribute of Excelerator, adding value, for example, when connected directly to an RMDS platform. However, when coupled with other CityVision components and data sources, it is possible to radically reduce the time-to-trade, for example by monitoring news headlines for interest rate changes, and setting a trading trigger accordingly. Speed of contributions from Excel is also important and users report a clear advantage over other products when using Excelerator.
The abilities to pop-out user configurable market data displays, including full ANSI inter‑dealer broker pages, save and restore layouts and 'shred' data back to the sheet with simple drag and drop, all add to viability of the Excel/Excelerator combination as a real-time market data desktop.
Miller added: "The value proposition is clear; Excelerator can reduce considerably the cost per dealer over bundled packages, particularly when contributions, internal data or direct feeds are important. It's encouraging that we're seeing take-up on both the sell-side and the buy-side."
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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 Thomson 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, Investment Banks and Data Vendors through to Brokers and 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.
CityVision
CityVision supports collection, aggregation and redistribution of market data in real-time from multiple sources to multiple destinations. Sources can include vendor data feeds, exchanges, MTFs (Multi-lateral Trading Facilities) and contributed data 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 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 Thomson Reuters RMDS and the Bloomberg) 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.
Contacts
Andrew Miller - 020 7256 2300
Sarah Wisbey - 020 7562 7486
This information is provided by RNS