TraderTools to Provide Software as a Service (SaaS) |
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TraderTools LLC
30 Rockefeller Plaza
New York, NY, 10112
USA
Press release date: January 31, 2007
Enterprise-grade, secure, hosted server enables more financial institutions to access TraderTools' comprehensive eFX trading platform than ever before
NEW YORK, Jan. 31 -- TraderTools LLC (TraderTools), one of the world's leading suppliers of electronic Foreign Exchange (eFX) white-label, software solutions, announced today that it intends to make STPlatform(TM) software available as a service to banks, brokerages and other financial institutions during the first half of 2007. TraderTools currently deploys STPlatform on an individual basis, requiring software downloads at every workstation. Using the SaaS model, STPlatform will be available to all workstations via a single feed and can be up and running in less than a month - without any downloads or configurations.
"There is high demand for a SaaS product, especially from institutions that are not tier-1 liquidity providers," explained Yaacov Heidingsfeld, Chief Operating Officer of TraderTools. "Most banks do not have the IT infrastructure or specialized staff necessary to create their own global order books capable of dealing with liquidity outsourcing."
While the Company's latest 3.x version of STPlatform offers standard features including GLOBE(TM), the Global Limit Order Book for the Enterprise, and AutoFill(TM), for fully automated order management and deal execution, TraderTools expects to provide a cutting-edge 4.0 version rich in additional features during 2007.
About TraderTools
TraderTools(TM) LLC (TraderTools) is one of the world's leading suppliers of electronic Foreign Exchange (eFX) white-label, software solutions. The Company's STPlatform(TM) enables the streaming of executable rates from multiple sources, enabling virtually any bank, broker or financial institution to become an electronic liquidity provider. An open system, it also provides cutting-edge Application Programming Interfaces (APIs) for rates, orders, deals and more, for full and seamless integration into an institution's existing technology infrastructure.
Recognized for its expertise in eFX, TraderTools is the only technology company to deliver a single platform combining a:
o Truly comprehensive Global Limit Order Book for the Enterprise - GLOBE(TM) o Customized and automated system for filling eFX orders - AutoFill(TM) o Graphic User Interface (GUI) with true self-branding capabilities - CAMS(TM)
For more details please visit www.tradertools.com.
Source: TraderTools
CONTACT: Sales Mark Mayerfeld EVP, International Sales +1-212-333-3770, ext. 29 mark@tradertools.com
Media Ian Tick Director, Marketing in Israel +972-9-740-8880 ian@tradertools.com
Web site: www.tradertools.com
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