NEW YORK & LAKE FOREST, Calif.–(BUSINESS WIRE)–Dec. 10, 2003–FutureTrade Technologies LLC and Radianz today announced a multiyear pact that will enable FutureTrade to use Radianz’s marketinfrastructure, RadianzNet, for connectivity to electronic communications networks (ECNs) and to its clients.
FutureTrade’s innovative trading tools enable institutional and hedge-fund users to react more quickly to market information because they provide integrated access to multiple trading venues and market information on one desktop workstation.
FutureTrade will use RadianzNet to connect its tools for the buy side to Archipelago, INET, REDIPlus(R), and others, all of which are among the 120 services that can be accessed via RadianzNet. FutureTrade also will use RadianzNet to give its institutional and hedge-fund clients access to its services.
Jim Kwiatkowski, FutureTrade’s executive vice president for Sales and Marketing said, “Using Radianz’s infrastructure will enable FutureTrade to enhance the reliability of our services and to reduce our costs of doing business.
“Radianz will enable us to achieve our business goals because we will be able to eliminate multiple point-to-point connections to our trading partners and use just one fully redundant connection into RadianzNet for access to all the destinations we need to reach.
“When we do things more efficiently, we are able to offer the most competitive rates to our clients.”
Johna Till Johnson, president and chief research officer at Nemertes Research, a leading New York-based research firm that specializes in assessing the business value of emerging technologies said, “Radianz provides companies like FutureTrade with the optimum infrastructure across which to deliver solutions and services to users of financial services. Reducing the number of physical circuits required reduces the total cost of service delivery while maximizing the reliability and performance of the tools and services. Traders and hedge-fund managers will reap the benefits of lower costs and improved application performance.”
About The Companies
FutureTrade Technologies LLC (www.futuretrade.com) provides electronic trading tools and services for institutional traders and hedge-fund managers so that they can react quickly to market information and movement, as well as manage their portfolio strategy and risk. From a single workstation, traders can enter orders, obtain speedy executions, track multiple portfolios, efficiently access market data, and examine analytics. FutureTrade facilitates real-time reporting of trade data making it an ideal front-end to straight-through processing for buy-side traders. Transactions can be executed through FutureTrade Securities, a wholly owned subsidiary of FutureTrade Technologies. Securities offered through FutureTrade Securities, LLC. Member of NASD and SIPC.
Radianz (www.radianz.com) is an independent company with the world’s largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and hosting services designed to meet the demands of professionals in the finance community. Radianz was established in June 2000 by Reuters (RTR.L) and Equant (NYSE:ENT) (Euronext Paris:EQU).
Radianz and the lighthouse logo are trademarks of the Radianz group of companies.
Note to editors:
Archipelago, INET and REDIPlus have been highlighted as Radianz customers in previous materials issued by either Radianz or other organizations.
