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Orange Business Services - Trading Solutions bags industry innovation award

Open Trade smart turret named ‘best innovation by an IT or software firm’ in the trading and execution category at the FOW awards 2011

Orange Business Services - Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, has received an accolade from the Futures and Options World (FOW) awards for innovation 2011. The company’s smart turret, Open Trade, has been named ‘best innovation by an IT or software firm’ in the ‘trading and execution’ category.

The FOW awards identify specific innovations that have the potential to change the derivatives market for the better. The win acknowledges the modern and innovative nature of Trading Solutions’ platform which offers firms advanced trading capabilities. These include optimising traders’ reactivity, productivity and comfort as well as increasing collaboration. In addition, Open Trade’s intelligent contact management services enable faster communication practices for traders; an imperative in today’s competitive environment.

William Mitting, editor at FOW magazine said, “These awards recognise the best innovations in the futures and options industry. They are judged by an independent panel of industry experts and winners should rightly be proud of the contribution they have made to the development of the fast growing and ever changing world of futures and options.”

With 1500 Open Trade positions sold across Asia Pacific, Europe and the United States, Open Trade is generating plenty of market interest since its launch in 2010. Trading Solutions has signed a significant number of customers, ranging from large and small financial institutions to commodities trading firms, responding to traders’ needs, whatever their activity, including foreign exchange, derivatives and equities.

“We are committed to delivering our customers with innovative trading solutions which empower business transformation as the market place continues to change. Open Trade embodies this philosophy and we are enjoying the increasing market interest,” said Lionel Grosclaude, CEO, at Orange Business Services - Trading Solutions. “The judges of the FOW awards have acknowledged the innovative and revolutionary qualities of Open Trade and this is a proud moment for us.”