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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: [email protected] Ben Jarrold, Metia Tel: +44 (0)20 3100 3610 e-mail: [email protected] Sarah Mason Tel: +44 (0)20 3100 3613 e-mail:[email protected] WWW: http://www.gissing.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 [email protected])). Copyright 2008 M2 Communications Ltd. |