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Gissing Software: Evidence of improved performance leads Gissing
Software to launch online trial; Positive feedback from users prompts
company to offer sixty-day free trial of Gissing RealtimeXL 3.0
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:12092007
London and New York - Gissing Software, solution specialistsinthe
routing and transformationof real-time market and trade data, today
announced that following many positive comments from users of Gissing
RealtimeXL 3.0, the company has decided to offer a free online trial of
its high performance Microsoft Excel add-in. End users have confirmed
that after testing the software, it was more responsive and reliable
than other market data vendors' solutions. When comparing the latency
of data feed triggered price updates to Excel from rival applications,
Gissing RealtimeXL demonstrated a 30-40% increase in direct cell inputs
under conditions of high market activity. As of today, anyone in a
trading firm interested in assessing the advantages seen by existing
users of the add-in, can do so by applying online at www.gissing.com*.
Independent consultant John Best, Director and Principal Consultant,
Kendale Systems and Services has been testing the system to evaluate it
for a client. He stated: "In testing, and in comparison with a number
of other Excel add-ins, Gissing RealtimeXL was found to significantly
outperform the standard tools provided by the market data vendors for
updating data in large and complex spreadsheets." He went on to say:
"The application enabled us to publish many more updates to Excel and
behaved more reliably than other vendors' add-ins in highly active
market conditions."
The diversity of the application's uses is demonstrated by its
deployment within German bank WestLB which, since January 2007 has used
the system to contribute FX deposit rates to internal audiences via the
bank's intranet.
Alexandra Balloff, Global Head of Market Data, WestLB, said:
"Integrating Gissing RealtimeXL with our existing Gissing ConteX MCS
contributions architecture allows us to extend the ability to make
contributions to a specific community of users on our money markets
desks around the world. Gissing was able to offer a cost-effective and
practical solution to meet our needs."
Nick Braybrooke, product manager for Gissing RealtimeXL said: "Since
the release of Gissing RealtimeXL version 3.0 we have been delighted
with the positive feedback from those triallingand using the system.
We have now made these benefits available to a wider audience, to
demonstrate the flexibility and business benefits of using the
software. At a time when market transparency is paramount and spreads
are ever tightening, users see the potential of Gissing RealtimeXL to
trigger faster calculations and publish more prices to market, helping
them to maximise trading opportunities."
Since its launch in January 2007, there has been significant interest
in the improved usability, flexibility and performance of the updated
version of the software from both the sell-side and the buy-side.
Around 50% of the users that have piloted Gissing RealtimeXL so far
have been investment banks with the remaining half split evenly between
buy-side institutions and other financial services professionals.
The application enables users to benefit from the flexibility of
subscribing to information from all the main market data vendors
through a single add-in. Users do not have to rely on multiple, vendor
specific interfaces, reducing latency and centralising updates to
Excel. "Having a single as opposed to multiple add-ins resulted in a
more stable spreadsheet solution," adds Best.
- Ends -
About Gissing Software
Gissing Software, solution specialistsinthe routing and
transformationof real-time market and trade data,was founded in 1991.
Gissing Software counts some of the world's biggest financial
institutions among its clients. Almost all of Gissing's clients are
tier one banks and brokers. With over 50 installations globally,
Gissing's products are a byword in the industry for performance and
reliability. The company is privately owned and operates from its head
office in Bromley, Kent(UK) and its office in New York.
Gissing Software has extensive knowledge of the technology associated
with the transforming and routing of real-time data in the financial
markets.
Product area focus:
--Multi contribution systemsfor management and distribution of market
data to financial data vendors and partnering businesses
--Real-time solutions for Excelused by financial professionals in
analytics, trading, pricing,data contribution and administration
--MiFID solutions
--pre-trade and post-trade transparency
--Data aggregation for input to MiFID best execution policies
--Trade data capturetransformation and system integration for fixed
income securities, FX and other investment instruments
Microsoft and Excel are registered trademarks of Microsoft Corporation.
* Terms and conditions apply, these are available for inspection on the
website at www.gissing.com/rtxl_eval.htm
For more information on Gissing Software products please visit:
www.gissing.com
CONTACT: Mike Hill, Gissing Software
Tel: +44 (0)20 8315 6550
e-mail: Mike.Hill@gissing.com
Sarah Mason, Metia
Tel: +44 (0)20 3100 3500
e-mail:sarah@metia.com
Ben Jarrold
Tel: +44 (0)20 3100 3610
e-mail: ben.jarrold@metia.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
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Copyright 2007 M2 Communications Ltd.
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