The SDS ATS is designed to help our clients get their business ideas to market quicker and Man E-Finance is an excellent example of how our world-class, marketplace technology and distribution platform is designed to meet our client's unique requirements, while providing rapid deployment to help drive their business forward.
New York, NY (PRWEB) March 27, 2007
SDS Financial Technologies, a leading provider of powerful, comprehensive trading and electronic marketplace solutions for institutions, exchanges and hedge funds, today announced that Man Financial, one of the world's largest futures brokers, has licensed the SDS Alternative Trading System (ATS) from SDS Financial Technologies to launch the Man E-Finance Fixed-Income Marketplace to its clients in the United States.
Man Financial will initially use the SDS ATS solution to transact US Treasury repurchase agreements (Repo) electronically for its clients and expand to other fixed-income products to meet the evolving needs of its clients.
Robust Marketplace in a Box
SDS ATS is a robust, total marketplace solution that provides Man Financial with the technology, supporting functionality and network connectivity it required to rapidly implement the Man E-Finance Marketplace. The SDS ATS is designed to match high-volume, high-velocity order flow on a scalable platform that supports a broad range of standard industry FIX interfaces for order routing and price dissemination. These standard interfaces provide Man Financial's customers with a fast and inexpensive way to connect and start trading.
The current Man E-Finance trading platform was implemented in less than six weeks and is currently available to 20 clients in the United States. There are plans to develop a European version for release in late 2007.
"This agreement enhances SDS's position as a leading provider of marketplace technology," says Peter Maragos, managing director of SDS Financial Technologies. "The SDS ATS is designed to help our clients get their business ideas to market quicker and Man E-Finance is an excellent example of how our world-class, marketplace technology and distribution platform is designed to meet our client's unique requirements, while providing rapid deployment to help drive their business forward."
About Man Financial
Man Financial is the Brokerage division of Man Group plc which is listed on the London Stock Exchange and a constituent of the FTSE 100 Index. Man Financial is one of the world's leading providers of brokerage services. It acts as a broker of futures, options and other equity derivatives for both institutional and private clients and as an intermediary in the world's metals, energy and foreign exchange markets with offices in key financial centers. Man has consistently achieved a leading position on the world's largest futures and options exchanges, with particular strengths in interest rate products, metals and the energy markets.
Man Investments, the Asset Management division of Man Group plc is a global leader in the fast growing alternative investments industry.
About SDS Financial Technologies
Founded in 1988, SDS Financial Technologies, Inc. (http://www.sdsft.com) is a New York- based, leading provider of powerful, comprehensive trading and electronic marketplace solutions for institutions, exchanges and hedge funds. With three business lines consisting of market data, trading technology and systems technology, SDS focuses on the latest trends and technologies that drive the global marketplace. The SDS development team specializes in large, real-time, mission-critical systems that keep their clients on the forefront of advanced market technology. SDS has two offices with data centers with headquarters in downtown Manhattan, as well as a world-class development center in Bangalore, India. The SDS development team specializes in large, real-time mission-critical systems. SDS clients include major stock and futures exchanges as well as some of the largest and most successful financial services companies in the world.
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