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Gissing Software: Malbec Partners selects Gissing Software to deliver
market data for QUantitative Algorithms; Global alternative asset
management firm chooses Gissing Software to further improve trading
strategies
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:08012008
London and New York -- Gissing Software, solution specialistsinthe
routing and transformationof real-time market and trade data, today
announced that the new alternative investment platform, launched by
Malbec Partners, is using Gissing Software's technology as its core
infrastructure. The system went live on 1st November 2007.
By implementing Gissing RealtimeXL in conjunction with the multi-vendor
contribution system, Gissing ConteX MCS, Malbec Partners has devised a
robust and highly flexible framework for its new operation. Gissing
RealtimeXL allows Malbec Partners to combine internal pricing data with
real time market data,helping it to develop trading strategies and
rapidly prototype new algorithms. This derived data is then instantly
shared, using Gissing ConteX MCS, amongst multiple users including
quantitative analysts and traders. Once proven, the algorithms are
converted into Java applications, using the Gissing TCP API for greater
performance. In addition, Gissing ConteX MCS also provides integration
to the Bloomberg Trading System to feed real-time positions data,
directly into the traders' spreadsheets. This closes the market data
loop, enabling accurate position management at all times.
Bassim Al-Khafaji, Chief Information Officer for Malbec Partners
stated: "Gissing was critical to the successful launch of our platform,
and we have been very impressed with the stability and ease-of-use of
ConteX and RealtimeXL."
Mike Vieyra, CEO, Gissing Software stated, "We have worked very closely
with Malbec Partners to develop a scalable platform to deliver
real-time price information to its highly experienced investment teams.
It is using this core infrastructure to perfect its trading strategies
and we anticipate this integrated approach will also help it to enhance
the performance of its algorithms over time. As the company introduces
new strategies and continues to grow we look forward to supporting it
with a framework for success." He added: "The buyside demand for
flexible, low-latency market data infrastructures will continue to be a
driving force for our business in 2008."
About Malbec Partners
Malbec Partners, Inc. is a global alternative asset management firm
located in New York City. The firm plans to open an affiliated entity
in Londonwhich will increase the breadth of its strategies and the
geographic scope of the platform.
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.
Bloomberg is a trademark of Bloomberg Finance L.P., a Delawarelimited
partnership, or its subsidiaries. All rights reserved.
CONTACT: Mike Hill, Gissing Software
Tel: +44 (0)20 8315 6550
e-mail: mike.hill@gissing.com
Ben Jarrold, Metia
Tel: +44 (0)20 3100 3610
e-mail: ben.jarrold@metia.com
Sarah Mason
Tel: +44 (0)20 3100 3613
e-mail:sarah@metia.com
WWW: http://www.gissing.com
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Copyright 2008 M2 Communications Ltd.
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