Business
Re Contract
Re Contract.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n Knowledge Technology Solutions PLC\n16 January 2008\n\n BORSE BERLIN/EQUIDUCT SELECTS KTS FOR\n MARKET DATA WEB PORTAL\n\nKTS Plc, a leading provider of real-time market data solutions, today announces\nthat it has been selected by Borse Berlin to develop and provide ongoing hosting\nfor the Web Portal giving online access to real-time market data produced by\nEquiduct, its new Pan European Stock Exchange market. The system will be\naccessible via the Borse Berlin/Equiduct website from April 2008 enabling users\nto view the Equiduct VBBO (Virtual Best Bid/Offer). Pre and post trade data from\nits Hybrid and PartnerEx market segments will come online in mid 2008.\n\n'We have chosen an established market data vendor for this project to avoid\n'reinventing the wheel' and to enable us to concentrate on providing the best\nquality exchange services for our participants. We have found a partner who will\nbe responsive to our evolving needs and one with whom we can work together to\nenhance and build a truly beneficial source of data for our clients.' says Rob\nBrouwer, Chief Information Officer, Equiduct.\n\nAndrew Miller, CEO of KTS, comments: 'The financial markets are evolving rapidly\nto include many non-traditional execution venues. KTS supports the innovation of\nfirms like Borse Berlin/Equiduct by providing tailored solutions for the\nconsolidation and display of market data along with a managed hosting service.'\n\n'Borse Berlin/Equiduct will be an important venue resulting from the regulatory\nchanges introduced by MiFID. Our selection is evidence of our strong positioning\nand ability to address these and other large scale opportunities. As the first\ncommercial project to use both Arcontech's low-latency middleware and KTS's\nproven flexible, browser delivered display technology, it represents an\nendorsement of our strategy to combine these two businesses. We are delighted to\nbe part of this venture.' adds Miller.\n\nArtur Fischer, Chief Executive Officer, Borse Berlin adds 'We believe that the\nEquiduct VBBO will become the European benchmark price as part of each\ninvestment firm's equity best execution policy. The full depth of the virtual\nbook, from which the VBBO is derived, will be used to calculate volume weighted\nexecution prices as part of the PartnerEx segment of the Borse Berlin/Equiduct\nmarket thus diffe...