Printer Friendly

SECURITIES INDUSTRY SOFTWARE SIGNS MULTI-YEAR CONTRACT WITH OTRA CLEARING, FOR TRADE PROCESSING SYSTEM

 SECURITIES INDUSTRY SOFTWARE SIGNS MULTI-YEAR CONTRACT
 WITH OTRA CLEARING, FOR TRADE PROCESSING SYSTEM
 NEW YORK, June 25 /PRNewswire/ -- Securities Industry Software Corporation (SIS), a subsidiary of Quotron Systems, Inc., today announced that OTRA Clearing, Inc. (OCI), a subsidiary of RKS Financial Group Inc. (NASDAQ: RKSF), has selected SIS to provide brokerage processing and order routing systems. OCI, a Glendale, Calif. based wholesale clearing firm, has signed a multi-year service bureau contract with SIS to serve the firm's brokerage and clearing operations, replacing its current vendor.
 OCI specializes in clearing trades for brokerages. The firm also acts as a market maker, and provides wholesale securities execution services for broker-dealers. OTRA Clearing, Inc. is registered with the NASD, and is a member of both the Midwest Stock Exchange and the Cincinnati Stock Exchange. In addition, OCI has recently added Reynolds Kendrick Stratton Investor Services Division as part of its strategy to diversify and to accelerate growth.
 According to Wm. Michael Reynolds, president of OTRA Clearing, Inc., "SIS came to us with a proposal that will accommodate our strategy of growth and diversification. Conversion efforts are already underway, and we expect to be trading live on the SIS system in about two months."
 SIS President and CEO James A. Steinke emphasized SIS's growing presence on the West Coast, noting that, "We are very pleased to add OTRA Clearing, Inc. to our customer base. Their aggressive approach to the wholesale clearing market, plus their entry in the retail market makes them an exciting client. We look forward to providing them with solutions for their growing correspondent base."
 Through its subsidiary, Securities Industry Software Corporation (SIS), Quotron offers flexible, real-time integrated services for accounting, order management, offering systems and other brokerage operations. Quotron Systems, Inc., a subsidiary of Citicorp, is a leading provider of financial information and trading systems. The company delivers online, real-time equities, options and commodities quotes for more than 120,000 investment instruments from over 60 exchanges worldwide; foreign exchange and fixed income rate data; news; research; analytics; real-time color charting; networking services and broker productivity applications.
 -0- 6/25/92
 /CONTACT: Robert Sklar of Beverly Hills 310, 310-246-1310, or Roxanne Taylor of Quotron Systems, 212-898-7212/
 (RKSF) CO: Securities Industry Software Corp.; OTRA Clearing Inc. ST: New York, California IN: FIN SU: CON


SM-OS -- NY018 -- 3643 06/25/92 09:23 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 25, 1992
Words:390
Previous Article:PYXIS ANNOUNCES PROPOSED INITIAL PUBLIC OFFERING OF STOCK
Next Article:LIVING CENTERS OF AMERICA THIRD QUARTER RESULTS UP 40 PERCENT
Topics:


Related Articles
SCT AWARDED TWO MULTI-YEAR, MULTI-MILLION DOLLAR OUTSOURCING CONTRACTS
MESIROW FINANCIAL SIGNS MULTI-YEAR CONTRACT WITH SECURITIES INDUSTRY SOFTWARE CORPORATION
SECURITIES INDUSTRY SOFTWARE CORP. SIGNS MULTI-YEAR CONTRACT WITH OTRA CLEARING, INC. FOR TRADE PROCESSING SYSTEM
QUOTRON'S SIS WINS EMMETT A. LARKIN TRADE PROCESSING CONTRACT
INFORMIX TAPS ATRIA SOFTWARE TO PROVIDE SOFTWARE DEVELOPMENT TECHNOLOGY; ATRIA SIGNS INFORMIX TO WORLDWIDE MULTI-YEAR CONTRACT
CYBERTEK LICENSES CK4 ENTERPRISE SYSTEM
AMERICAN SOFTWARE AWARDED MULTI-MILLION-DOLLAR OUTSOURCING CONTRACT
Wiztec Solutions Announces Convergys Contract to Provide WIZARD Based Subscriber Management and Billing Services to USSB.
Kluber Group Selects Ross Systems.
Ascential Software Helps Power FIXML Processing for Options Industry; Chicago-Based Options Clearing Corporation Selects Ascential DataStage(TM)...

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters