London, 6 February 2001: Financial Spreads, the spread betting firm based in the City of London, has chosen real-time software specialist Arcontech's StarNet technology to support its state-of-the-art, on-line trading system on its newly re-launched website.
Financial Spreads' new web-based system (www.finspreads.com) links seamlessly to the existing Arcontech Real Time Publisher (RTP) architecture. The StarNet implementation provides Finspreads with efficient live pricing via a resilient on-line gateway with multiple servers, automatic fail-over and hot standby in the event of component failure.
The Finspreads site provides a comprehensive public live pricing area. Members can trade easily by logging-in to the members’ area, where additional live displays provide buy and sell options. This method of trading is not restricted to just indices: investors can place bets on leading individual share prices, currencies, government bonds, and with the election soon upon us, even politics. The main feature of the trading system is that it has no restrictions on the size of bets placed, whether it is £500 or 1p. Traders can easily review their account status and positions, with all displays updating as the market moves.
Kevin Taylor, Managing Director of Financial Spreads comments, "Arcontech’s StarNet middleware and software expertise enabled us to meet aggressive timescales to get on-line. They have provided Financial Spreads with a robust price distribution system and assistance when integrating the on-line trading with our own state-of-the-art trading system."
Says Andrew Miller, Managing Director of Arcontech, "We’ve been providing RTP real-time infrastructure to Finspreads from the start of the enterprise, originally for price reception, vendor contribution and TV channel pricing via Teletext. We are delighted to have been selected for the web development - the short timescale proves the ease with which on-line trading can be integrated via StarNet."
StarNet "InterCom" WebObjects retrieve prices in real-time from a StarNet Gateway, which isolates the FIS trading system from the public Internet. The InterCom objects use COM technology to integrate with the web server, providing fast and efficient price distribution to Java-based displays at the browser end.
All trade requests are referred back to the central Financial Spreads trading system for approval so full integration and synchronisation is achieved. On-line positions are kept up-to-date whether trading is done on-line or over the telephone.
The system is secured via username/password login and uses 128 bit SSL hardware encryption to prevent eavesdropping. Constant transaction and context monitoring provide additional security.
For more information contact:
Tel: 020 7250 4770
Email: [email protected]