Business
Arcontech's Excelerator finds
Arcontech's Excelerator finds.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n RNS Number : 3122R Arcontech Group PLC 29 April 2009 \n \n\n\nArcontech's Excelerator finds favour in Europe\n\n\nLondon, 29 April 2009. Following evaluation against competitive products, Arcontech has been selected to supply its CityVision Excelerator real-time market data 'add-in' for Microsoft Excel™ to a large European bank, replacing the incumbent solution. \n\nThe Excelerator product allows traders to bring data into their spreadsheets in real time from multiple sources, including direct exchange feeds and the Reuter RMDS platform. It is extremely simple to use and very fast compared with other products, allowing large spreadsheets to calculate in true real-time or at a controlled update rate if preferred.\n\nCommenting on the win, Andrew Miller, CEO of Arcontech said: \n\n'Excelerator has been the best performing add-in for Excel for many years and is already a core component for trading operations globally. Excelerator's new features remove barriers to change and mean that firms have a simple path to improved performance and greater flexibility, with potential for greatly reduced costs. Efficient use of market data budgets is increasingly important and Excelerator, along with intelligent use of internally derived data and alternative data sources such as Chi-X and Equiduct can mean multi-million dollar annual savings in relatively small operations.'\n\nFeatures in the latest release that proved persuasive in recent evaluations include: the ability to connect directly to RMDS using Tibco Rendezvous multicast as well as point-to-point server connections; user interface features such as dynamic record and field entry; tick and trend highlighting; the ability to run an Excel macro automatically following an update; and the ability to convert multiple complex Reuter PowerPlusPro spreadsheets in one simple operation.\n\nAndrew Miller went on to add: \n\n'Excelerator really is in a class of its own. Being part of our CityVision suite, it benefits from a combination of features that competitors simply can't match, like dynamic chain handling, in-cell stale data alerting, price movement visualization, intelligent bandwidth management and instant fail-over combined with platform and vendor independence.'\n\nThe latest versio...