RNS Number : 9566D
Arcontech Group PLC
11 December 2009
ARCONTECH GROUP PLC
("Arcontech" or the "Group")
Arcontech appoints David Anderson as Director of Sales and Marketing
Arcontech Group Plc, the real time market data technology specialist, announced today that David Anderson has been appointed as Director of Sales and Marketing. Andrew Miller, CEO of Arcontech said "David is a highly qualified and well known executive from our industry and will help accelerate our success, both in Market Data Systems and in the rapidly developing Spread Betting and CFD solutions business".
Anderson's appointment follows the injection of £1.5 million of capital into Arcontech Group Plc in September 2009 and the commitment To provide further support for our sales and marketing drive as described by Chairman Richard Last in his report for year ended 30th June 2009.
David Anderson said "This opportunity gives me a chance to help a company I have known for many years achieve its true potential" he went on to say "Arcontech has technology that they can be truly proud of but more than that it is made up of people that I trust and respect and, importantly, who are respected and trusted by our industry as well"
Anderson will maintain his involvement in the Software & Information Industry Association's FISD Certification program which has attracted so much interest and support in the market data industry. Miller said "Arcontech is a keen supporter of this FISD initiative and we feel it is helpful to the industry for David to remain involved in the next few critical months". Tom Davin Managing Director of the Washington DC based FISD (a division of the SIIA) added " FISD wishes David all the best in his new role at Arcontech and we are very glad that both he and his new employer Arcontech want to continue their very tangible support of the FISD Certification initiative".
Anderson has a substantial track record in the Market Data and Financial IT markets; starting as a sales executive with Telerate in 1984 and including 13 years with Reuters - the first four in a sales capacity and around 9 years; initially heading up product marketing for TRIARCH (Reuters original market data system) in the UK and then in the last 3 years working within Reuters international strategic marketing group focussed on RMDS. Since 2002 Anderson has acted as a strategic marketing and industry consultant to a range of market data and technology companies as well as becoming a respected and widely read analyst and commentator on the industry.
For further information please visit www.arcontech.com or contact:
Arcontech Group plc
Andrew Miller, Chief Executive
Richard Last, Chairman
020 7256 2300
01608 683 108
Astaire Securities Plc
020 7448 4400
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 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 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.
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.
The Financial Information Services Division (FISD) of the Software and Information Industry Association provides a neutral business forum for exchanges, market data vendors, specialist data providers, brokerage firms, investment managers and banks to address and resolve business and technical issues related to the distribution, management, administration and use of market data. Participants use the forum to exchange ideas, build business relationships and improve the business climate associated with the worldwide flow of financial information. For more information, visit www.fisd.net
The FISD Certification initiative is a global industry wide program that will establish a recognised formal, professional certification for practitioners in the market data industry.
This information is provided by RNS
The company news service from the London Stock Exchange