THE PHILADELPHIA BOARD OF TRADE AND RTS REALTIME SYSTEMS GROUP SIGN STRATEGIC AGREEMENT TO DEVELOP SOFTWARE FOR NEW PBOT FUTURES
MARKET STRUCTURE
MARKET STRUCTURE
THE PHILADELPHIA BOARD OF TRADE AND RTS REALTIME SYSTEMS GROUP SIGN STRATEGIC AGREEMENT TO DEVELOP SOFTWARE FOR NEW PBOT FUTURES MARKET STRUCTURE
For more information, contact Barbara Sorid at 215-496-5200 or by e-mail
PHILADELPHIA, PA and CHICAGO, IL - August 7, 2006 -
The Philadelphia Board of Trade (PBOT) and RTS Realtime Systems
Group (RTS) announced today they have reached an agreement to
develop a streaming quote software interface as an essential
part of the new PBOT futures market structure that is expected
to be launched the third quarter of this year.
Under the terms of the agreement, RTS will provide customer access to the PBOT via RTS’s Chicago data center. In addition, PBOT will assist RTS in the establishment of customer sites designed to deliver orders directly to PBOT.
“The Philadelphia Board of Trade sees this as a significant opportunity to allow the Exchange to electronically access futures players who grasp the trading opportunity of streaming quotes,” said Daniel R. Carrigan, vice president of new product development.
Steffen Gemuenden, president & CEO of RTS, said that RTS has completed implementation of the PBOT gateways and further, that the RTD and eRTD software will be available for the launch of PBOT. In addition, using its datacenter facility in Chicago, RTS will be able to offer leased line and Internet access to PBOT for market makers, proprietary traders and brokers.
About the Philadelphia Stock Exchange
The Philadelphia Stock Exchange (PHLX) was founded in 1790.
The PHLX currently trades 1,943 stocks, more than 2,200 equity
options, 19 sectors index options, and currency options and
futures. For more information about the PHLX and its products,
visit www.phlx.com
About RTS Realtime Systems Group (RTS)
RTS is a leading Independent Software Vendor (ISV) with local
sales and support offices in the major financial centers and
distribution partners in Greece, Italy and Portugal. RTS is
the market leader in terms of functionality in electronic trading
software for all traded products. With more than 3,000 user
licenses and connections to more than 70 exchanges around the
world, RTS has secured a solid position in the industry. In
business since 1992, RTS has over fourteen years' of experience
developing software to enable trading on the electronic exchanges.
As one of the pioneers in designing electronic trading tools,
RTS has developed an extensive suite of products for options
and futures traders. In addition RTS' software features a variety
of tools, including the RTD Quote Machine®, RTD Electronic
Eye®, RTD SalesTrader, and the Autohedger as well as a basket
trading system. With RTD Tango, the recently launched algorithmic
trading system, RTS has further strengthened its product portfolio.
As a global player in the area of electronic trading, RTS also
offers an additional service to its customers. Upon request,
RTS data-centers can provide flexible and high-speed connectivity
options, state-of-the-art IT infrastructure and professional
ASP solutions.
For more information about our company and our products, please contact: globalsales@rtsgroup.net
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.