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Arcontech Group PLC (ARC)

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Tuesday 08 May, 2012

Arcontech Group PLC

Arcontech announces CityVision Cache

RNS Number : 8249C
Arcontech Group PLC
08 May 2012



Arcontech Responds to Industry Demand for

Independent Market Data Connectivity and Compliance


LONDON, May 8, 2012: Arcontech Group plc (AIM: ARC), a provider of real-time software solutions to the investment banking and broking industry, has announced "CityVision Cache" a major development of its market data publishing system, supporting internal publishing as well as normalisation and cross connectivity between a variety of the industry's major platforms and feed protocols.


The enhancement to its CityVision suite of market data components has been developed in response to repeated calls from the marketplace for technology to reduce dependence on systems from particular market data vendors, increase connectivity options and address concerns over regulatory compliance.


A "last-value cache" is a data store that supports real-time publishing of internally derived market data, for example, the bid and offer price of a bond derivative or a foreign exchange rate. Most market data platforms have this capability but it is generally limited to publishing within the specific platform.  The CityVision Cache allows cross-connectivity between platforms, meaning that data it manages can be shared in real-time between the different platforms often present in investment banking firms, greatly reducing dependence on a particular platform, increasing choice and providing cost-saving opportunities.


The CityVision Cache also includes options for calculations, page shredding, derived instrument creation and outputs to multiple destinations, including vendor contributions, making it a highly flexible and connected component.  Finally, where supported by the connected platform, audit trail capability means that inbound and outbound data can be logged and tracked to the individual user, giving user firms better visibility of data flows, allowing control and aiding compliance with regulations such as MiFID and Sarbanes Oxley, which require price audit trails.


"We've listened to demands from the market data industry for cross-connectivity and a vendor-neutral approach to price derivation and distribution technology," said Andrew Miller, CEO of Arcontech plc. "CityVision Cache provides a unique, cost-effective and scalable solution to this challenge, giving infrastructure teams choice and end-users flexibility, adding value to the systems currently deployed."


CityVision has seen accelerating global interest since Arcontech unveiled its "CityVision Adaptor" strategy in October last year, with many evaluations completed and deployments under way with international financial institutions.   Demand is being driven by the desire to reduce costs and streamline operations.   Arcontech's vendor-independent solutions provide proven, highly reliable alternatives to decouple data transport and display from the traditional information terminal providers, facilitating downsizing of expensive terminal counts and displacement of infrastructure components.



For further information please visit or contact:


Arcontech Group plc

Andrew Miller, Chief Executive

Sarah Wisbey



+ 44 20 7256 2300


Northland Capital Partners Limited

Shane Gallwey


+44 20 7796 8823

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.


About 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 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.


This information is provided by RNS
The company news service from the London Stock Exchange