Patsystems, London, 9th November 2004. Patsystems, the global supplier of electronic trading systems, has signed Morgan Stanley as a new customer and has now fully installed its trading platform with the tier one bank in Europe.
The installation, which is being supported in London, Tokyo and New York, provides global exchange coverage and full redundancy. That means that Morgan Stanley has augmented its client offering with a Patsystems electronic platform with real-time, automated failover: if one system fails, the service will be mirrored from another site, ensuring instant back-up.
The contract involved extensive bespoke work, to deliver additional functionality and to provide integration with Morgan Stanley’s business processes. The bank will use Patsystems’ exchange-specific adapters to connect to the world’s principal exchanges, and will use bespoke exchange-specific adapters to connect to certain markets in Asia Pacific.
The solution involves the most advanced hardware and software available, and has been the catalyst for significant enhancements to the resilience of the Patsystems platform.
Commenting on the contract, Kevin Ashby, chief executive of Patsystems, says:
"I am delighted to welcome Morgan Stanley as one of our customers. We are attracting very keen interest from large financial institutions who appreciate the strength and versatility of our current platform, as well as the prospect of even greater power and flexibility when our next generation ‘TradeMark’ platform comes online. Thanks to the industrial-strength resilience required by Morgan Stanley, we have greatly improved our existing platform."