NEW YORK, September 30, 2003 – Imagine Software, Inc. a world leader in multi-asset real-time trading analysis and risk management solutions announced today that it had sold the 300th license for Derivatives.com, its ASP software. The hosted software has quickly become a buy-side standard for real-time high performance trading, portfolio and risk management.
"We are very pleased with the global acceptance of our Derivatives.com offering. It continues to be the only option available for real-time trading analysis and risk management delivered as an ASP," said Steven Harrison, Imagine president and co-founder. "Hitting the 300th license is a great milestone for us".
The ASP combines web-based advanced software with market data (both listed and derived) as well as the operational functions needed to trade almost any asset class within any strategy. Firms rent the software on a monthly basis, eliminating the up front hardware, staffing and maintenance costs associated with locally installed systems. The system also greatly reduces the time and technical expertise necessary to go live.
"The enterprise version of the Imagine Trading System is used by some of the largest sell-side institutions worldwide, but we wanted to design a new way of delivering our products and services to an expanding client base," said Lance Smith, Imagine’s CEO and co-founder. "Developing an affordable ASP platform has allowed us to offer the same sophisticated analytics to the wider financial community."