It was announced on Monday that following its successful implementation of Arcontech’s CityVision StarNet market data platform, Tradition Group, a financial product broker, has extended the system to manage contributions to Bloomberg in both London and Tokyo.
The deployment provides data transfer capabilities between the two locations. Currently the CityVision StarNet data platform collects data from 10 offices globally with further expansion planned for 2008.
The StarNet system collects data from various sources, including in-house trading systems and Excel spreadsheets. Arcontech says it enables managed real-time publishing to many destinations, including Reuters, Bloomberg and Tradition’s RMDS platform, as well as to other global offices.
“We chose the Arcontech system over competitors because we were convinced that it would meet our growing business requirements quickly and efficiently,” comments Dominique Velter, strategic marketing director, Tradition.
“Tradition Group recognised the potential for cost and operational efficiency offered by StarNet and have implemented an innovative architecture using our products," comments Andrew Miller, managing director, Arcontech.