South America, Asia, Europe and Africa among Emerging Markets Targeted
New York and Boston – February 12, 2009 — InfoReach, a leading provider of execution management technology today announced that its InfoReach TMS (Trade Management System) will be distributed in the emerging markets by Marco Polo Network, the largest independent platform for electronic trading of listed and traded securities in the global emerging markets. These markets include South America, Asia, Europe and Africa.
The InfoReach TMS (trade management system) is a robust trading system that manages equities, futures, options and foreign exchange. The TMS platform combines order-entry, rule-based trading, order management, and FIX connectivity in a single broker-neutral trading platform.
“Firms in these emerging markets require advanced tools to help them navigate a rapidly changing global marketplace,” said Allen Zaydlin, CEO of InfoReach. “They need best execution via a scalable and flexible trading platform. This partnership with Marco Polo Network enables our advanced trading technology to be used and deployed in these markets very seamlessly. Marco Polo Network has great expertise and experience in emerging markets worldwide, and we look forward to working with them in the years ahead.”
InfoReach’s TMS system is a multi asset class high frequency trading platform that has basket trading, order routing, pre and post-trade allocations, advanced algorithm and real-time position monitoring capabilities.
Additionally, Marco Polo Network will be using the full InfoReach product to further develop proprietary algorithms for Brazil, Mexico and other active markets. They have branded it as Logita and are already deploying it to two leading clients.
“The Emerging Markets in Asia, South America, Europe and Africa have increasing requirements for high frequency electronic trading and use of algorithms. Marco Polo’s global network offers the broadest range of connectivity into those markets and we were seeking a world-class advanced trading system that will complement our network in the more active markets”, said David Meredith, Chief Technology Officer at Marco Polo Network. “In selecting a platform, we were looking for a partnership that provided an advanced broker-neutral trading system. Global clients demand a “best in market” solution for local brokers in the more active emerging markets. The advanced features available in the platform and the ease of deployment have resulted in immediate interest from the brokers on our network.”
About InfoReach
InfoReach is an innovative company focused on providing software solutions for the electronic trading of financial securities. Established in 1995, InfoReach promptly recognized industry technology trends and created its product line of the InfoReach FIX Engine (FIX Protocol Engine), and the InfoReach TMS (Trade Management System). InfoReach’s products are open, scalable and a flexible solution for firm-wide order and execution management. An abundant array of features combined with committed support has made InfoReach the technology of choice for many buy and sell side firms. InfoReach works with more than 80 of the largest financial institutions in the global marketplace including UBS, Bank of New York, GMO and the Jakarta Stock Exchange and employs a staff of over 50 industry staffers in offices throughout the U.S. and Europe.
For more information please contact InfoReach at www.inforeachinc.com, or call sales at 212-269-2722.
About Marco Polo Network
Marco Polo Network is the largest independent platform for electronic trading of securities listed and traded on emerging markets exchanges. Founded in 2000, MPN’s trading platform allows global investors transparent and cost-efficient electronic access to over 90 local markets through a network of over 150 in-country broker deals. MPN is partially owned by the New York Stock Exchange (NYSE) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.
For more information please contact Elizabeth Southworth at esouthworth@marcopolonetwork.com or call at 646-220-2655.
Contact:
InfoReach
Jan Hunter, 617-371-1122
Jan@inforeachinc.com
