New Client Win

Arcontech Group PLC

27 October 2023

 

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

New client win to provide a real-time market data platform

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce the signing of a new Tier 1 bank client for its CityVision platform. The components being deployed include: MVCS (Multi-Vendor Contribution System) which enables those that create market data content, to contribute to multiple vendors and internal destinations at the same time; Arcontech Cache, a calculations engine that allows distribution of vendor feeds such as Bloomberg B-PIPE and Refinitiv Real-Time to end users and other destinations; along with Excelerator, the Company's highly performant real-time Excel Add-In for data consumption and financial instrument pricing and publication.

A multi-year agreement, with the initial deployment in New York, marks the start of an important relationship with a Tier 1 global institution that should see expansion to Europe and Asia.

Matthew Jeffs, CEO of Arcontech said:

"Discussions commenced as the bank wished to both access and contribute real-time prices to a global market-data vendor, their  risk-management platform and other internal systems for which the existing market-data infrastructure was unable to cope with the frequency and volume of updates. Arcontech was selected as we have tried and tested solutions for both large and small deployments as well as the ability to customise quickly to meet specific client requirements. The continual development of our systems also enables our clients to meet their resiliency, monitoring, data management, visualisation and reporting needs This win is especially important as it underpins management's expectations for the year whilst reinforcing our optimism in the overall business outlook which is evidencing the re-engagement of prospects interested in securing additional value whilst minimising operational risk".  

Enquiries:

Arcontech Group plc	020 7256 2300
Geoff Wicks, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive
Cavendish Capital Markets Ltd (Nomad & Broker)	020 7220 0500
Carl Holmes / George Dollemore - Corporate Finance Harriet Ward - ECM

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

 

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