BT ACQUIRES FTT ALPHAMERIC -- STRENGTHENS OFFERING TO FINANCIAL COMMUNITY --
BT ACQUIRES FTT ALPHAMERIC -- STRENGTHENS OFFERING TO FINANCIAL COMMUNITY -- NEW YORK, Nov. 6 /PRNewswire/ -- BT announced today that it has completed the acquisition of FTT Alphameric, New York, a division of Alphameric plc in London. Financial terms of the agreement were not disclosed. FTT Alphameric's personnel have been integrated into BT North America's operations. Under the agreement, BT has purchased the assets, customer base and technology of FTT Alphameric's advanced trading room software platform called "Open Trading System." The investment allows BT to build on its existing position as a global leader in the provision of voice systems to the finance sector by extending the capabilities of its data solutions. "The acquisition of the OTS platform gives BT North America three key advantages in providing services to the financial community. These are control of a proven, advanced software platform for use in trading rooms, capability across a number of workstation platforms, and immediate viability with OTS's current install base of over 3,000 positions," said Ingrid Howe, marketing manager-finance sector for BT North America. "The Open Trading System is now an integral part of BTNA's total solution for the financial community and demonstrates our continuing responsiveness to customers' voice and data requirements," stated Mark Baker, president and CEO of BT North America. Open Trading System Open Trading System (OTS) is a market data distribution and management system that adds a new capability to BT North America's Integrated Trading System of products and services for the financial community. OTS uses information received from digital and video feeds, such as Reuters, Telerate and Knight-Ridder, and through a front-end processor, distributes and/or formats the data for display on a trader's desk. OTS provides traders the ability to build customized applications including spreadsheets and single-screen view of key market indicators driven directly from real-time rates supplied through OTS. Interfaces The OTS architecture is based on industry standards. The OTS user interface allows the user to access information via a range of computing platforms including IBM personal computers and compatibles, Sun SPARCstations, DEC VAXstations, and DECstations. BT's Integrated Trading System BTNA's Integrated Trading System (ITS) portfolio combines the advanced technology of both data and voice technology for fully integrated communications. The ITS pV series of modular trading turrets is combined with BTNA's full range of dsX digital voice switches that can accommodate up to 6,000 lines and 2,000 trading positions. The iD200 information switch provides package video switching and integrates with the dsX switches. The ITS serves
an international installed base in 28 countries.
BT North America Inc. BT North America Inc. owns and operates the TYMNET Global Network, one of the world's largest international value-added networks with over 4,500 nodes worldwide. Headquartered in San Jose, Calif., the company offers a continuum of products and services from shared and dedicated network solutions to electronic data interchange (EDI), electronic transaction services (ETS), electronic messaging, international private leased circuits (IPLCs) and videoconferencing equipment. -0- 11/6/91 /NOTE TO EDITORS: BT, TYMNET and the TYMNET Global Network are trademarks or registered trademarks of British Telecommunications plc./ /CONTACT: Linda Medley of BT North America, 212-297-2662/ (BTY) CO: BT North America Inc.; FTT Alphameric, New York; Alphameric plc ST: California, New York IN: TLS SU: TNM SM-JT -- NY003 -- 1519 11/06/91 08:01 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 6, 1991|
|Previous Article:||PEPSICO ANNOUNCES PLANS TO INVEST $1 BILLION IN SPAIN DURING NEXT 5 YEARS|
|Next Article:||ROSS STORES REPORTS THIRD QUARTER SALES|