* Entry level five seat trading system
* Quick and easy installation
* Low cost alternative
London,22.03.01: OpenTrade Technologies has announced OpenTrade Compact -- the trading room in a box that can be installed in minimum time at costs starting as low as £25k.
OpenTrade Compact is a specially packaged pre-configured release of selected OpenTrade software components specifically designed for entry level trading rooms. It supports up to two real time digital market data feeds and up to 25 OpenTrade TradeWizard workstations. In addition OpenTrade Compact provides up to two contribution feeds which may be configured to enable the publishing of price and information data to external markets.
According to OpenTrade's chief executive Joel Jervis, 'OpenTrade Compact is a real breakthrough in terms of cost and functionality. Now you really can implement a professional level trading room out of the box in a minimum time -- even overnight at an incredibly low price. Now the smallest trading room, and even the single freelance market trader can have access to the most advanced trading room technology.'
'Based on our Orbita business messaging platform, our Compact system gives the user real time updating of market data from all major information providers to individual trading workstations. Compact also provides interfaces and gateways to distribute that same data to business processes throughout the front, middle and back offices. Proven through daily use on sites ranging from 6 to 600 users, OpenTrade Compact's Orbita architecture has an established reputation for performance and reliability.'
Compact gives users independence from information feed providers, hardware manufacturers and operating systems vendors and ensures that customers can select the information provider(s), hardware platforms and operating environments that best meet the business requirement. Pre-configured for ease of installation, Compact's operating costs are minimised by being quick and easy to implement, manage and support, and by its efficient use of hardware.
Compact uses technology that is proven in daily use by over 3000 users in Europe alone, the components of OpenTrade's new Compact solution form a trusted, highly reliable and resilient environment. Compact enables information to be shared throughout the front, middle and back offices via Orbita the real time business messaging solution.
OpenTrade Compact is a fully portable software environment that is available for a variety of hardware and operating systems including; Intel - Microsoft Windows NT, IBM RS6000 - AIX , Sun Sparc - Solaris, Compaq Alpha - Tru64. TradeWizard is available for Windows NT 4
Orbita Market Data Distribution System supports TCP/IP, UDP/IP and IP Multicast networking protocols and will operate with Ethernet, Token Ring and FDDI LANs (both bridged and routed LAN topologies) ATM, and Wide Area Networks.
OpenTrade Compact supports the real time market data feeds of Reuters Selectfeed Plus (RSF+), Telerate Digital Page Feed (TDPF), BridgeFeed V4 (includes Telerate TDPF and Knight Ridder IDF services), Telekurs FIMS digital information service, the UK focussed ICV TOPIC3 Feed, which provides formatted pages and record-based information. Compact also supports the Italian MID, MID Best, MIF, MIF Best, MTS and MTS Best information services, Ansa News Service, and Radiocor.
OpenTrade Compact is available in three licensing bands: up to 5 users, up to 10 users and up to 25 users.
OpenTrade Technologies is the independent software house that invented real time business messaging in the 1980s. With offices in London, Frankfurt and Milan, OpenTrade has been supplying solutions based on this technology across Europe for 17 years.
OpenTrade provides the key component of a number of mission critical solutions for the financial services industry - its technology is used daily by institutions such as the Swiss National Bank, Banca Intesa and the Helsinki Stock Exchanges to make split-second judgements.
Now, real time business messaging is in demand outside finance and banking in a wide range of industries. OpenTrade's high-performance business messaging system, Orbita, is being deployed as an essential component in applications from vehicle scheduling to public share dealing over the Web.
Technically, Orbita enables the reliable, efficient distribution of real time information from a data source or publisher to any number of subscribers. Built to transport and deliver tens of thousands of messages per second per node, Orbita provides a unique high performance publish/subscribe messaging architecture that supports high-speed message transport, and enables massive system and application scalability. The publish/subscribe mechanism allows information about business events to be published efficiently and very rapidly across private and public networks for B2B and B2C communications over any IP network.
OpenTrade is a wholly owned subsidiary of the Cairnsford Technology Group.
For further information, visit http://www.opentrade.co.uk
Tony Kingston (Marketing Director)
OpenTrade Technologies Ltd
Tel: 020 8861 8300
Tel: 020 8464 6462
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