REG - Arcontech Group PLC - New Client Win

ArcontechAnnouncement

27/10/2023 07:15

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RNS Number : 4732R  Arcontech Group PLC  27 October 2023

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

New client win to provide a real-time market data platform

Arcontech (AIM: ARC), the provider of products and services for real-time
financial market data processing and trading, is pleased to announce the
signing of a new Tier 1 bank client for its CityVision platform. The
components being deployed include: MVCS (Multi-Vendor Contribution System)
which enables those that create market data content, to contribute to multiple
vendors and internal destinations at the same time; Arcontech Cache, a
calculations engine that allows distribution of vendor feeds such as Bloomberg
B-PIPE and Refinitiv Real-Time to end users and other destinations; along with
Excelerator, the Company's highly performant real-time Excel Add-In for data
consumption and financial instrument pricing and publication.

A multi-year agreement, with the initial deployment in New York, marks the
start of an important relationship with a Tier 1 global institution that
should see expansion to Europe and Asia.

Matthew Jeffs, CEO of Arcontech said:

"Discussions commenced as the bank wished to both access and contribute
real-time prices to a global market-data vendor, their  risk-management
platform and other internal systems for which the existing market-data
infrastructure was unable to cope with the frequency and volume of updates.
Arcontech was selected as we have tried and tested solutions for both large
and small deployments as well as the ability to customise quickly to meet
specific client requirements. The continual development of our systems also
enables our clients to meet their resiliency, monitoring, data management,
visualisation and reporting needs This win is especially important as it
underpins management's expectations for the year whilst reinforcing our
optimism in the overall business outlook which is evidencing the re-engagement
of prospects interested in securing additional value whilst minimising
operational risk".

Enquiries:

 

 Arcontech Group plc                                 020 7256 2300
 Geoff Wicks, Chairman and Non-Executive Director
 Matthew Jeffs, Chief Executive

 Cavendish Capital Markets Ltd (Nomad & Broker)      020 7220 0500
 Carl Holmes / George Dollemore - Corporate Finance

 Harriet Ward - ECM

To access more information on the Group please visit: www.arcontech.com
(http://www.arcontech.com/)

 

 

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