ANTs software inc., a developer of SQL database management systems, entered into the financial services market, announcing that Stone & Youngberg LLC, a fixed-income securities firm and underwriters of tax-exempt local government debt in the western U.S., has licensed the ANTs Data Server to support its SYOnline municipal bond trading system.
The web-based SYOnline trading system application aims to enable Stone & Youngberg’s brokers to purchase and negotiate the purchase of municipal bonds in real-time.
“ANTs presented us with a business case that was compelling and coupled it with a universal compatibility story that broke the barrier to migrating our SYOnline application,” said Mike Bennett, vice president of IT at Stone & Youngberg.