Bi-directional connectivity with Algorithmica

RNS Number : 2225E

Arcontech Group PLC

04 April 2011

 



ARCONTECH GROUP PLC

Arcontech and Algorithmica announce bi-directional connectivity

London, 4^th April 2011. Algorithmica Research AB and Arcontech PLC are pleased to announce that bi-directional connectivity between Quantlab and CityVision has been completed and has been made available to the marketplace.

The collaborative initiative allows Quantlab to subscribe to real-time data from CityVision sources, including internal contributors and pricing applications. Quantlab's powerful real-time evaluation engine can then simulate various analysis and trading scenarios and publish the results to other users and destinations, including vendors such as Thomson Reuters and Bloomberg, via the CityVision real-time data distribution platform.

The integration has been achieved using the CityVision C++ API.

Commenting on the joint development, Andrew Miller, CEO of Arcontech said: "We are delighted to be working with Algorithmica. This is an excellent example of collaboration using alternative technologies to achieve cost savings and enhanced results. The direct connection to CityVision means that trading and analysis desks are now able to share data and derived results from Algorithmica's powerful Quantlab product in real-time with little or no additional infrastructure and without incurring the costs often associated with other platforms."

Niclas Holm, CEO and co-founder of Algorithmica said: "We were pleased that the development using CityVision was straightforward and swift. The connectivity makes Quantlab an even more cost-effective and versatile tool for creating quantitative analysis solutions, and we have in fact already begun deploying at our first mutual client, where Quantlab is used for automatic pricing and trading of corporate bonds. We look forward to working with Arcontech on many opportunities in the coming months."

Enquiries:

Arcontech Group plc
Andrew Miller, Chief Executive Officer	020 7256 2300
Richard Last, Chairman and Non-Executive Director	01608  683108
Northland Capital Partners
Shane Gallwey/ Edward Hutton	020 7492 4775

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

 

END

 

 

NRALIFVTSSISIIL