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SVS Securities extends Altimis licence and commissions Rhyme to build its online trading platform

Rhyme Systems, a leading provider of asset management solutions, today announces that SVS Securities PLC (SVS), a stock broking and corporate finance advisory firm, has extended its existing licence agreement for Altimis until 2012. In addition, SVS has commissioned Rhyme to design and build a bespoke online execution-only trading platform.

SVS, which first signed a three-year licence for Altimis in 2006, is using Rhyme’s widely-used and trusted ASP model which provides a fully hosted, managed service with business continuity and disaster recovery.

Altimis is a web-enabled system from Rhyme Systems for all aspects of stock broking and investment management. The system offers a truly integrated, straight-through approach to the entire dealing and investment process. Altimis functionality includes order management, RSP connectivity, Swift and FIX messaging, CGT, performance measurement, Crest settlement, client reporting and document warehousing and management.

SVS Securities is a leading stock broking and corporate advisory firm, authorised and regulated by the Financial Services Authority. It provides a variety of investment management services including advisory and brokering execution, IPO private equity services and an institutional desk.

Philip Pooley of SVS Securities PLC, said, “SVS has been delighted with Altimis and its comprehensive functionality and capabilities. Our commitment to Altimis until 2012 is a measure of just how key the system is to our business.”

Bob Whigham, Divisional Director, Rhyme Systems, commented, “SVS’s early contract renewal is a fantastic demonstration of the firm’s commitment to Altimis and Rhyme. We look forward to building on our already strong relationship with SVS.”

Piers Farbrother, Sales Executive, Rhyme Systems, added, “Not only is it very pleasing that SVS has signed up for Altimis until 2012, but that the firm has also commissioned Rhyme to design and build its bespoke online trading platform is a great endorsement of our ability to meet its diverse requirements.”