Contact:
Scott Solomon
Sharon Merrill Associates, Inc.
(617) 542-5300
ssolomon@investorrelations.com
Robert Van Securities Selects Tradeware Global B2B Network
West Coast Financial Services Firm Deploys Tradeware's
MarketCenter Order Management System and Global Broker-to-Broker
Network
New York, February 7, 2005 - Tradeware Systems
Corp., a leading provider of Financial Information eXchange (FIX)-based
electronic order management systems and direct market access trading
connectivity solutions, announced today that Robert Van Securities,
Inc. (RVS) has gone live with the Tradeware Global Broker-to-Broker
(B2B) network and MarketCenter order management system (OMS), a
complete routing platform for international market access. Based
in Oakland, Calif., RVS is a minority-owned full-service financial
services firm that has been using Tradeware's technology for
its domestic clients since 2002.
"We needed pure agency-based direct market access for our international clients, and Tradeware provided the best execution and, in fact, lowered our overall cost of trade," said Russell Ware, RVS's senior vice president of institutional sales. "MarketCenter's global execution has proven to be the solution for our clients that require access to local markets in Europe, Asia, South America and elsewhere. The precision and redundancy of the system satisfies the technology needs of our clients."
"For those requiring a direct market access system, Tradeware delivers a turnkey solution," said Kevin Wood, IT director for RVS. "Through all of our due diligence, Tradeware was the one name that kept coming up."
"MarketCenter and our Global B2B network level the playing field for companies such as Robert Van Securities," said Stacey Marino, Tradeware's president and chief operating officer. "This product offers the liquidity their clients are looking for so RVS can compete directly with the larger firms."
MarketCenter is a complete FIX-based electronic order management and automated order routing system. Fully NASD and SEC compliant, MarketCenter is a sophisticated rules-based application that captures, manages and routes equity order flow, automates all or part of the trading process and delivers solutions for customer allocations and commission tracking.
MarketCenter offers Straight Through Processing solutions via custom real-time or end-of-day, front-to-back office integration. It is appropriate for large and small trading operations, and can easily be configured to meet current trading needs with full expandability for future growth.
The Tradeware Global Broker-to-Broker network provides investors with efficient, FIX-enabled direct market access to multiple European liquidity pools. The network supports real-time access to the central limit order books at 22 stock exchanges in 16 European securities markets, as well as cost-effective settlement management services.
About Robert Van Securities
Founded in 1991 by Eric Van Standifer, in Oakland, California, RVS
is a minority-owned, full service financial services firm. The company's
mission hinges upon a single-minded focus on understanding and delivering
financial services of the highest quality. RVS prides itself on
a personalized approach, meeting each client's needs by providing
custom-tailored financial services and by adding value, focus and
consistency.
About Tradeware Systems
Tradeware Systems Corp. delivers the best customer experience and
value in the electronic order routing and trade management systems
business. Founded in 1993 and located on Wall Street, Tradeware
specializes in flexible Financial Information eXchange (FIX)-based
equity order management systems, FIX connectivity solutions and
full front-to-back office integration and compliance reporting services.
Tradeware's open platform provides connectivity for approximately
95 percent of the buy side and all major U.S. listed and OTC marketplaces.
The company's service bureau business model offers customers
the much sought-after benefits of trading neutrality. More than
200 brokerage firms and institutional investors around the world
rely on Tradeware's products and connectivity services.
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