Business
Product Launch
Product Launch.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n RNS Number : 2660A Arcontech Group PLC 06 October 2009 \n \n\nArcontech Group Plc\n('Arcontech' or the 'Company')\nProduct Launch\n\nLondon, 6th October 2009. Arcontech, the real-time market data technology specialist has today unveiled \nthe next generation of its CityVision Calculation Engine (CCE), adding the full functionality of its benchmark multiple vendor contribution system, MVCS. The new product is aimed at sell-side firms with sophisticated requirements for price publishing.\n\nThe CCE supports simple GUI based configuration which enables firms to associate source data with complex calculations that execute in real-time and to have the results published to multiple destinations.\n\nCCE allows calculations to be based on multiple instruments from multiple sources. This enables users \nto perform calculations such as basket prices, indices and standard deviation or to base the price of one instrument on values from other markets - for example calculating an overnight CFD price for FTSE based on the Dow and Nikkei.\n\nAndrew Miller, CEO of Arcontech commented: 'This new development is a clever combination of our existing calculation engine with our Multiple Vendor contribution system (MVCS). Merging the two well proven products gives functionality, inherent reliability, fault tolerance and performance that is unmatched by competitors - ideal for 24*7 operations.'\n\nThe new product responds to increased client demand for more complex price sanity checking, intelligent spike removal and non-trivial derived values. Not only does it enable fields to be added and changed within the source records but also it lets users create complete new record sets from the same source data. This allows, for example, multiple outputs of true real-time streaming price data, with different market spreads and tolerances for different destinations.\n\nMiller added: 'The CCE is a full blown calculation engine, allowing tens or hundreds of thousands of calculations per second. Results are derived from a variety of user defined external parameters whos...