Imported from previous forum
[ original email was from David N.W. Sawyer - david.sawyer@radianz.com ]
CREDIT AGRICOLE INDOSUEZ CHEUVREUX SELECTS RADIANZ EXTRANET
NEW YORK and PARIS (Sept. 30, 2002) - Crédit Agricole Indosuez Cheuvreux(CAI Cheuvreux) has signed a multiyear agreement to use Radianz’s global financial extranet, RadianzNet, the companies announced today.
Institutional investors in Europe, Asia and the United States will be able to use RadianzNet for secure Internet Protocol (IP)-based access to CAI Cheuvreux’s electronic brokerage service. RadianzNet also will enable
investors to trade with CAI Cheuvreux using the Financial Information Exchange (FIX) protocol. FIX is the financial industry’s recognized standard for communicating indication of interest or IOIs, orders, executions, allocation, and settlement instructions.
Lexit Capital in New York and InvestNet in Milan, Italy will be among the first institutions connected to CAI Cheuvreux electronic direct access via RadianzNet. Radianz anticipates a fast-growing number of institutions will
use RadianzNet to connect to CAI Cheuvreux’s electronic brokerage service, which provides access to multiple exchanges around the world.
Radianz’s ability to connect institutions to CAI Cheuvreux electronic brokerage service faster than competitors is the primary reason CAI Cheuvreux selected RadianzNet to help it expand the use of the service. “In today’s fast-moving marketplace, no financial organization can afford to wait months for a teleco to install network infrastructure,” said Jerry Lees, head of Marketing, Execution Services of CAI Cheuvreux. “Radianz will speed our time to market because we will be able to use its existing global infrastructure, including connections to financial institutions worldwide, to do business with our targeted customers,” Lees added.
For Radianz, the agreement further establishes its presence in France, Europe and worldwide because CAI Cheuvreux is the leading broker in France and a major player in Europe. “Radianz has a global network that the world’s leading financial institutions are using to connect trading partners to their electronic services,” said Chris Church, Radianz’s executive vice president and global head of sales and marketing. “CAI Cheuvreux is the latest to select our services and its use of RadianzNet will add another important mix of institutions to our base of financial
connections.”
About The Companies
Radianz (www.radianz.com) is an independent company with the world’s largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR.L) and Equant (NYSE: ENT) (Euronext Paris: EQU).
Radianz and the lighthouse logo are trademarks of the Radianz group of companies
Crédit Agricole Indosuez Cheuvreux (CAI Cheuvreux) (www.caicheuvreux.com) is the equity broking and trading arm of the AA rated Crédit Agricole Group, one of the 10 largest banking groups in the world. CAI Cheuvreux provides research services in 14 European markets. Execution services, including Program Trading, Execution-Only service and Electronic Brokerage, are offered to clients who require agency brokerage without research. CAI Cheuvreux’s Electronic Brokerage service provides connectivity to world equity markets, with direct access to 12 European markets and to all major Asian markets. This service is an automated, end-to-end global trading solution, which offers low-cost connectivity, and straight-through processing to customers.
Lexit Capital, LLC (www.lexitusa.com), a NASD member firm, and Lexit Capital UK, LTD, a FSA registered firm, provides an electronic brokerage solution with electronic access to all major pools of liquidity, specifically designed and operated to meet the needs of the institutional trader.
InvestNet (www.investnetwork.com) is the leading Application Service Provider (ASP) of financial information and direct access trading services based on the professional trading platform, RealTick®.
Contacts:
Radianz
Marty Filipowski
+1.212.415.4678
marty.filipowski@radianz.com
Crédit Agricole Indosuez Cheuvreux
Jerry Lees
+44. (0) 20.7621.5281
jlees@caicheuvreux.com