The digital markets division at investment bank Dresdner Kleinwort has bought technology from vendor ORIMOS to upgrade its pricing platform for electronic trading.
"With electronic markets imposing ever-more demanding requirements onto a pricing platform, our goal was to create a future-proof system that would be capable of using our existing in-house pricing analytics, our master security database and our cross-asset trader user interface," explains Peter Atkinson of Dresdner Kleinwort's Core Technology Services Division. "We were basically facing the choice of either (re-)building our pricing engine from scratch or on top of an existing technology platform. Amongst the few vendors operating in the space, we found ORIMOS was the only one that has taken a holistic approach which addresses all of the issues relevant to scalable, distributed and extremely low-latency data processing. The concepts and ideas behind SONARIS are truly innovative and state-of-the-art. They have helped us deliver to the business a quality application on budget and in record time."
ORIMOS provides a pricing engine technology known as the SONARIS/ Application Framework Guido Hagemann, ORIMOS CEO, says the company built the SONARIS/Application Framework "precisely for customers like Dresdner Kleinwort who can leverage existing IT infrastructure and components by building pricing engines in-house rather than trying to retro-fit inflexible off-the-shelf applications."