OEM Agreement to Strengthen Both Companies' Position in Financial Services Markets Worldwide.
New York, NY - March 14, 2007 - GigaSpaces Technologies, Inc. and TraderTools LLC, both headquartered in New York, announced today they have signed an OEM agreement for the integration of GigaSpaces' infrastructure software into TraderTools' STPlatform order management and data distribution solution for the electronic Foreign Exchange (eFX) financial services markets.
Under the terms of the agreement, GigaSpaces' platform for the development of high-performance, low-latency, distributed enterprise applications is to be embedded in TraderTools' .NET-based STPlatform. STPlatform is a comprehensive Straight-Through Processing platform designed to facilitate more profitable trading in a variety of Foreign Exchange (FX) and Money Market (MM) instruments. It includes components for streaming executable rates, managing a global order book, executing FX and MM deals online and providing a real-time messaging architecture and an in-memory data grid. By integrating the GigaSpaces infrastructure software, TraderTools expects to shorten development time while providing differentiating capabilities to STPlatform, such as enhanced scalability and performance. Both companies are confident that the combined solution will meet the needs of large financial institutions experiencing rapid customer growth.
TraderTools CTO, Baruch Chasid, said: "The pairing of our world-class product offerings results in an eFX software solution with unprecedented scalability, performance and application efficiency. Our joint development represents a new level of innovation in the financial software industry, including powerful caching, messaging and geographically-distributed computing capabilities."
"TraderTools and GigaSpaces share much in common," said GigaSpaces CTO Nati Shalom. "Both companies are leaders in their respective fields and boast as customers some of the world's largest financial institutions. Together we intend to deliver a solution that sets new industry standards for performance and development flexibility tailored for the exacting financial services sector."
TraderTools(TM) LLC (TraderTools) is one of the world's leading suppliers of electronic Foreign Exchange (eFX) white-label, software solutions. The Company's STPlatform(TM) enables the streaming of executable rates from multiple sources, enabling virtually any bank, broker or financial institution to become an electronic liquidity provider. An open system, it also provides cutting-edge Application Programming Interfaces (APIs) for rates, orders, deals and more, for full and seamless integration into an institution's existing technology infrastructure.
Recognized for its expertise in eFX, TraderTools is the only technology company to deliver a single platform combining a:
- Truly comprehensive Global Limit Order Book for the Enterprise - GLOBE(TM)
- Customized and automated system for filling eFX orders - AutoFill(TM)
- Graphic User Interface (GUI) with true self-branding capabilities - CAMS(TM)
For more details, please visit http://www.tradertools.com.
AutoFill, CAMS, DealTools, GLOBE, OrderTools, RateTools, StreamTools, STPlatform, Thinvisible, TraderTools and the tagline "The eFXperts" are trademarks of TraderTools LLC.
All other aforementioned products are trademarks of their respective companies.
GigaSpaces provides a single platform for end-to-end scalability of high performance and stateful distributed applications. With "Write Once Scale Anywhere" as its motto, GigaSpaces' unique approach enables developers to Write their business logic Once and then seamlessly Scale-out the application linearly Anywhere, and on-demand. It is targeted at applications characterized by high-volume processing and low latency requirements and provides an alternative for implementing high performance and scalable service-oriented architectures (SOA). GigaSpaces customers include leaders in the financial services, telecommunications industries, and government institutions, including: Societe Generale, Chicago Mercantile Exchange, Dow Jones, Virgin Mobile, Nortel, and Hutchinson 3G, where the need for mission-critical, high-performance, low-latency reliability and scalability necessitates an alternative to traditional approaches. GigaSpaces was founded in 2000 and has offices across the United States, Europe and in Israel. It is a privately-held company, funded by FTVentures, BRM Capital, Intel Capital and Formula Vision.
For more information, please visit http://www.gigaspaces.com, or visit the company's blog at http://www.gigaspacesblog.com.
TraderTools contact information:
Mark Mayerfeld, EVP, International Sales
Tel: (+1) 212-333-3770, ext. 29
Ian Tick, Director, Marketing
Tel: (+972) 9-740-8880
GigaSpaces contact information:
Alit Bar Sadeh
GigaSpaces Technologies, Inc.
Tel: (+1) -917-701-5185
Tel: (+1) -508-647-0044
GigaSpaces is a trademark of GigaSpaces Technologies, Inc. All other trademarks are the property of their respective owners.