Arcontech, developer of software for real-time market data transmission and trading, which was recently acquired by KTS, has been awarded a significant contract to provide and spread betting trading platforms to Hichens Harrison, the City’s oldest firm of stock brokers.
The contract allows Arcontech’s AXE software to provide a trading platform for web-based online trading, a price calculation engine, order management and position keeping and a full back office administration system.
“I am delighted to be able to announce this major contract win for our Arcontech subsidiary. We are pleased to add Hichens Harrison, with its 203-year heritage to our blue chip client base that includes national treasury, central banking and major investment banking firms as well as supporting many other online CFD and spread betting operations,” says Marc Pinter-Krainer, chief executive of KTS.
“Arcontech’s solution offers excellent reliability and functionality, and will help us broaden our online service, allowing us to continue our commitment to offering the highest quality service to our clients,” says Adam Wilson, chief executive of Hichens Harrison.