Imported from previous forum
[ original email was from David N.W. Sawyer - david.sawyer@radianz.com ]
MB TRADING SELECTS RADIANZ TO PROVIDE FIX NETWORKING
NEW YORK and EL SEGUNDO, Calif. (Aug. 6, 2003)-- MB Trading has selected Radianz to provide networking that will link banks, brokerages, market makers, and institutional clients in the United States and Europe to the electronic order-routing and transactional services provided by MB Trading’s institutional division.
Radianz will supply the networking using existing infrastructure in its global financial extranet, RadianzNet, which is connected to more than 9,000 customer sites worldwide, including the organizations that MB Trading is targeting. The approach will be far more efficient than if MB Trading had contracted with a common telecoms carrier because Radianz will be able to turn-up the connectivity more quickly and do so at a lower price.
Radianz also will be able to handle MB Trading’s needs for connectivity that supports the Financial Information eXchange (FIX) protocol because RadianzNet is an open-standards platform.
Ray Schreiner, executive vice president of MBT Institutional said, "Using RadianzNet will enable us to build our base of customers here and abroad faster because we can immediately leverage Radianz’s established infrastructure to connect to more users.
“Radianz’s focus on the financial industry also means it has the technological savvy needed to run our network and provide the high levels of customer service that institutions demand. As a result, we will be able to focus on growing our business instead of running a global network,” added Ross Ditlove, CEO of MB Trading.
Today’s announcement builds on MB Trading’s current use of Radianz’s services. Until now, MB Trading has been using RadianzNet for FIX-based network connectivity to major electronic community networks (ECNs) used by financial professionals to trade equities. In addition, MB Trading has been exchanging FIX-based orders with other major institutions via RadianzNet.
Chris Church, executive vice president and head of Global Sales and Marketing said, "We are pleased MB Trading has chosen to further realize the benefits of using one scalable connection to RadianzNet for network access to multiple trading partners and end users around the world."
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, a global financial extranet called RadianzNet, 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) in June 2000.
Radianz and the lighthouse logo are the trademarks of the Radianz group of companies.
MB Trading (www.mbtrading.com), offers cutting-edge, direct-access trading on the Nasdaq, New York Stock Exchange and American Stock Exchange equities securities markets, in addition to options and futures trading offered through MB Trading Futures. MB Trading offers smart order routing via MBTX, which intelligently scans market makers, electronic communications networks, exchanges, and hidden pools of liquidity for the best available order price. MBT Institutional (www.mbtinstitutional.com), is a division of MB Trading, and provides MB Trading’s technology to
institutional clients. MB Trading is a registered broker-dealer and member NASD, SIPC and MSRB. For more information, prospective clients should call 866.863.6284.
CONTACTS:
Radianz
Marty Filipowski
+1.212.415.4678
marty.filipowski@radianz.com
MB Trading
Holt Hackney
Hackney Communications for MB Trading
512.560.6770
hhackney@hackneycommunications.com
Note to editors:
Radianz offers peer-to-peer FIX services through its rFIX product line. Radianz also offers access to a full range of FIX services directly from providers in its global financial community of interest, including FIX messaging hubs, FIX ASP services, and FIX testing, certification and translation.