ARCONTECH GROUP PLC
("Arcontech" or the "Group")
Arcontech Expands Adapter Strategy
London, 10th October 2011. Arcontech, supplier of "CityVision", the leading vendor-independent real-time market data distribution, contribution and cross-platform connectivity software, has outlined its strategy for "adapter" technology, to support flexibility and increase customer choice of data vendor, technology provider and architecture.
At the FISD conference in Tokyo last month, Chandra Dass, Head of CityVision Sales for Arcontech asked some thought provoking questions and outlined their strategy for two-way adapters to provide the answers that many firms are looking for.
A major programme, in response to market feedback, has resulted in several significant enhancements to CityVision. Firstly, the core platform is now available on the operating systems typically prevalent in major banks and brokers - namely Microsoft Windows, Sun Solaris X86 and Linux. Secondly, adapter development now provides a flexible framework for integration at both the client and server level for direct feeds, RMDS, Bloomberg and Tibco RV. It also means that applications written using the CityVision API can run with little or no change in different environments, greatly reducing redevelopment costs. Thirdly, configuration has been increasingly automated, reducing time and complexity for component roll-out. Finally, detailed user-features and interoperation capability such as Open DACS integration and "compatibility modes" provide for migration paths which reduce or eliminate cost and risk of change.
Andrew Miller, Managing Director of Arcontech said "In simple terms, this means CityVision components make interoperability between major technologies and environments within existing market data infrastructures easier and more powerful, enabling clients to realise true choice and benefit from vendor replacement strategies.
For example, the market appears to welcome various vendor initiatives in enterprise architecture and open systems, but a mass change from an incumbent vendor can be a difficult transition. There are many internal systems and workflows that need to be considered. A controlled migration over months or years is likely to yield best results with lowest risk. Close interoperability is needed and that's where we expect our products to gain considerable traction."
Components from the new range have already been licensed to several financial institutions, with installations in the UK, mainland Europe, USA and the Far East.
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 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 Bloomberg) via existing de-facto standards (such as Marketlink, 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.
Andrew Miller - 020 7256 2300
Sarah Wisbey - 020 7562 7486