Banque Dewaay Installs TIBCO's TIB/ETX Middleware to Integrate Equities Trading System with Back Office.LONDON--(BUSINESS WIRE)--March 10, 1999-- TIBCO's TIB/ETX and Market Data System Selected to Help Achieve Fully Integrated Front to Back Office Operations TIBCO TIBCO The Information Bus Company Finance Technology Inc., a global leader in financial software solutions and enterprise application integration, today announced that Banque Dewaay, one of Belgium's leading securities brokerages, has implemented TIBCO's TIB See NIST binary. (R)/ETX(TM) messaging platform to link their main equities trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. to back office settlements systems. As part of a strategic plan to achieve complete front-to-back office systems integration by December 1999, TIB/ETX, part of the TIB/ActiveEnterprise(TM) set of products and some thirty positions of TIBCO's Market Data System have been deployed at Banque Dewaay offices in Luxembourg and Brussels. Mark Fahmy, senior director, sales and marketing, TIBCO Finance Technology, comments: "The scaleable and robust nature of the TIB/ETX guaranteed messaging platform was the deciding factor in Dewaay's technology choice. TIB/ETX offers banks seamless systems integration, to achieve greater cost and processing efficiencies by reducing the manual intervention A procedure used in a lawsuit by which the court allows a third person who was not originally a party to the suit to become a party, by joining with either the plaintiff or the defendant. required in trade transaction and settlement cycles." Using TIB/ETX will allow Dewaay's front and middle office professionals to minimize time spent on low-value data entry tasks, allowing them to move into value-added functions. With use of the best available business solution, Dewaay will be able to provide customers with immediate competitive advantage. Roger Bonaventure, IT director, Banque Dewaay says: "We pride ourselves in giving the very highest level of service to our customers, many of whom have been with us for generations. An extensive systems evaluation showed that TIB/ETX best matched our requirements for integration, scalability and reliability. The TIB's use of real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. price, trade, order routing and customer information, together with operational efficiencies from Straight-Through Processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. and more effective risk management, will strengthen our competitive advantage. Our equities trading system has successfully gone live and we are already seeing improved efficiencies and customer service." About TIBCO Finance Technology TIBCO Finance Technology Inc. (TIBCO) is a global leader in financial software solutions and technologies. The company provides a full range of products and solutions for the financial marketplace, including enterprise application integration (EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. ), market data distribution/display, order routing, trade management, exchange automation and interactive finance all based on the company's The Information Bus(R) (TIB(R)) technology. Based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , TIBCO operates as an independent subsidiary of Reuters Group PLC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RTRSY). With a worldwide client base of over 400 blue chip customers, TIBCO is the premier supplier of digital trading systems and integration technologies for international banks, leading investment institutions, stock exchanges and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organizations. TIBCO's patented publish/subscribe methodology provides vital, real-time, event-driven information so that customers can respond to rapidly changing markets and business events anywhere around the world. For more information, visit the company's web site at www.tibco.com or call Tel: +44 (0)171 295 6000 Reuters and the dotted and sphere logos are the house trademarks of Reuters Limited. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion