Crosslinks Systems to Build Asian Fixed Income Trading Platform for Bridge eMarkets, Citigroup, Deutsche Bank, and HSBC.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Jan. 10, 2001 Bridge eMarkets Selects Crosslinks for the Company's Domain Expertise; Links Software Framework and World-Class Development Team Crosslinks Systems, a leading software and systems engineering firm specializing in 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. , today announced it has been selected by Bridge eMarkets(SM), a subsidiary of Bridge Information Systems, Inc., to build the BondsInAsia online platform for fixed income trading in Asia. BondsInAsia is a recently formed joint venture between Bridge eMarkets, Citigroup, Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank and HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) . The BondsInAsia platform will be the unified gateway for researching, analyzing, and trading corporate and government bonds throughout Asia. Crosslinks will create an electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. platform to allow dealers and their customers to trade securely through the Internet and private networks. Until now, bond trading in Asia has relied on laborious la·bo·ri·ous adj. 1. Marked by or requiring long, hard work: spent many laborious hours on the project. 2. Hard-working; industrious. offline communications between investors and dealers. There has been no single place to find up-to-date product availability, product pricing, and related research across multiple regional markets. "The Crosslinks team has already built and understands global trading platforms and can rapidly deliver this platform," noted David Rutter, President of Bridge eMarkets. "Our partners and their customers require a scalable, real-time system that handles the entire transaction lifecycle. Crosslinks has proven its ability to deliver complete, integrated solutions for the financial services industry." Crosslinks will build the BondsInAsia platform with a flexible technical infrastructure, a secure operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. and enhanced scalability. By leveraging its LINKs framework, including components to provide real-time price distribution through the public Internet, highest-level security and counter-party relationship management, Crosslinks will rapidly bring the BondsInAsia vision to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. . BondsInAsia will be a marketplace that combines pre-trade analysis, credit assessments, trade execution, and middle- and back-office integration. "As our previous engagements have shown, Crosslinks successfully manages and executes large-scale financial markets projects," noted Dirk Manelski, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Crosslinks Systems. "With BondsInAsia, we will continue to leverage our domain expertise, our growing LINKs software framework, and our world-class development team." As general technology contractor for BondsInAsia, Bridge eMarkets will provide the technical oversight for the project and will provide network and hosting services for the site, while also providing ongoing customer service and operational support. The mission of BondsInAsia is to enhance liquidity and transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. in the Asian fixed income markets by providing investors with lower transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , competitive pricing and real-time information services See Information Systems. . BondsInAsia expects to launch trading in the first quarter of 2001, and the initial platform will cover the Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Singapore domestic markets and G3 currency Asian credit markets before expanding into South Korea, Taiwan, Thailand, Malaysia, the Philippines and India. About Crosslinks Crosslinks Systems is a leading software and systems engineering firm specializing in financial services. The Crosslinks team seamlessly combines a unique understanding of the business of finance with state-of-the-art technology expertise to build mission-critical technology solutions for its clients. As a result, our clients gain a measurable competitive advantage in the rapidly changing marketplace. Many members of the Crosslinks team created the content and technology platform that was instrumental in making Bloomberg Financial Services the leading financial data and analysis provider of the 1990's. For more information on Crosslinks, visit www.crosslinks.com. About Bridge eMarkets Bridge eMarkets, a subsidiary of Bridge Information Systems, Inc. (BRIDGE), works with international financial institutions to create and operate order and trade management systems. Bridge eMarkets draws on its industry expertise, a suite of proprietary software tools, and the vast resources of BRIDGE to bring groundbreaking concepts to market quickly and efficiently. Founded in 2000, Bridge eMarkets comprises business and technology professionals located in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia. BRIDGE, together with its principal operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Bridge Information Systems, Telerate, Inc., Bridge Trading, eBRIDGE, BridgeNews and Bridge eMarkets, is the largest provider of financial and information and related services in North America and one of the fastest growing in the world. For more information on Bridge eMarkets, visit www.bridge.com. About BondsInAsia BondsInAsia is a joint venture company established by Bridge eMarkets, Citigroup, Deutsche Bank and HSBC, creating an on-line electronic platform for the trading of fixed income securities in the Asia region. Each participant holds an equal share in the company. BondsInAsia will create a multi-dealer system which will support the creation of franchises in each local market throughout Asia. Local dealers will participate in ownership and governance of the hub in their local markets. BondsInAsia will also provide infrastructure, security and operational services for the trading platform, allowing the local franchises to minimize the costs of ownership and concentrate on servicing the needs of clients in their local markets. For more information on BondsInAsia, visit www.BondsInAsia.com. |
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