SDS Financial Technologies, a provider of trading and electronic marketplace solutions for institutions, exchanges and hedge funds, yesterday announced that Man Financial, a broker, has licensed the SDS Alternative Trading System (ATS) from SDS Financial Technologies to launch the Man E-Finance Fixed-Income Marketplace to its clients in the United States.
Man Financial will initially use the SDS ATS solution to transact US Treasury repurchase agreements (Repo) electronically for its clients and expand to other fixed-income products to meet the evolving needs of its clients.
SDS ATS provides Man Financial with the technology, supporting functionality and network connectivity it requires to implement the Man E-Finance Marketplace. The SDS ATS is designed to match high-volume, high-velocity order flow on a scalable platform that supports a broad range of standard industry FIX interfaces for order routing and price dissemination.
The current Man E-Finance trading platform was implemented in less than six weeks and is currently available to 20 clients in the United States. There are plans to develop a European version for release in late 2007.