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Arcturus launches automated order book

‘ArcTrader’ application released
to the alternative trading sector

Arcturus, London, 9 December 2004. Arcturus Associates, a recently formed technology solutions consultancy serving the alternative investment sector, has developed and released a versatile automated order management system.

Called ArcTrader, the application makes it easy for trading groups to automate their businesses. From uploading daily files for efficient execution and order capture, through to fully-automated order entry, ArcTrader provides alternative investment groups with a high level of straight-through processing.

ArcTrader has been designed as a flexible and easy to use tool that integrates seamlessly with Patsystems’ widely distributed J-Trader front-end. It is fully compatible with Patsystems’ API and is an approved trading application on the Patsystems ‘Partner Solutions’ programme.

ArcTrader can be tailored to fit the specific needs of a trading group, from handling orders to reporting fills back to other applications. The electronic capture and reporting of orders greatly improves business speed and efficiency, but without sacrificing control.

Commenting, Ron Carmichael, founder and director of Arcturus Associates, said: ‘the alternative investment sector is still poorly served by technology. Manual processing remains widespread because there are no guidelines for automating and few dedicated solutions. Arcturus is providing those guidelines, and, through applications like ArcTrader, alternative investment groups can improve straight-through processing and benefit from the latest developments in electronic trading.’