Gissing Software announced the successful uptake of Gissing ConteX 4, with roll-out to six customer sites already confirmed. Gissing ConteX 4 is a complete redesign of the existing Gissing ConteX product. A completely new architecture has resulted in huge performance, efficiency and manageability gains, with major new features also added.
Gissing ConteX 4 is now generally available following the completion of an extensive beta testing programme earlier this year. One of the customers to confirm it has signed up to use the new system is Mitsubishi UFJ Securities International (MUSI).
Following rigorous testing we have been very impressed with the stability and highly increased market data throughput of Gissing ConteX 4. As the volumes of price quotes we need to publish to our sales people and traders increase, and as our trading strategies become more complex, we need an even more robust architecture to securely handle, throttle and publish updates on our rates trading desks. Gissing ConteX 4, with its new derived fields and data validation features, offers MUSI a way to do this reliably and in the most efficient way as we look to further expand our business, says Greg Bufton, director and co-head of Quantitative Desk, Rates Trading Group, MUSI.
Gissing ConteX is the worlds most widely-used real-time multi-vendor contribution system and is in use at over 60 customer sites worldwide. It allows customers to contribute price data to multiple data venues with minimum latency and maximum reliability and manageability. First unveiled at the SIFMA Technology and Management Conference last year, Gissing ConteX 4 offers customers massive improvements in performance, as well as extensive new functionality, dynamic system configuration and better operational monitoring and reporting capabilities.
All customers that have reviewed and tested ConteX 4 have been extremely impressed by the massive improvements it offers in terms of reduced latency, increased throughput and processing efficiency key factors in helping them get their prices to market faster and compete more effectively. The move to our next-generation ConteX 4 solution represents much more than a simple upgrade and the impressive uptake from our customer base to date shows how well it has been received, says Mike Vieyra, CEO, Gissing Software.