Futures broker Man Financial has licensed SDS Alternative Trading System from SDS Financial Technologies, to launch the Man E-Finance Fixed-Income Marketplace to its clients in the United States.
Man Financial will initially use the SDS ATS application to transact US Treasury repurchase agreements (Repo) electronically for its clients and expand to other fixed-income products to meet the evolving needs of its clients.
The current Man E-Finance trading platform was implemented in less than six weeks and is currently available to 20 clients in the United States. There are plans to develop a European version for release in late 2007.
“This agreement enhances SDS’s position as a leading provider of marketplace technology,” says Peter Maragos, managing director of SDS Financial Technologies. “The SDS ATS is designed to help our clients get their business ideas to market quicker and Man E-Finance is an excellent example of how our world-class, marketplace technology and distribution platform is designed to meet our client’s unique requirements, while providing rapid deployment to help drive their business forward.”