AFA SYSTEMS ANNOUNCES STRATEGIC PARTNERSHIP WITH KAPITAL

AFA Systems plc, the global provider of advanced software solutions for the Banking and Asset Management industries, today announced it has entered into a strategic partnership agreement with Systemy Informacyjne Kapitał S.A., the Polish leader in automatic-dealing solutions. The partnership agreement utilises AFA Systems’ Trading, Capital Markets and Risk Management system, Musketeer in conjunction with the AFA Gateway Server, to deliver tailored STP solutions to Polish banks.

The AFA Gateway Server is designed to simplify the construction and ongoing maintenance of interfaces to and from Musketeer and is capable of the concurrent transfer of data from multiple sources to several destinations with minimal processing time. Built using modern technologies the AFA Gateway Server is COM and Corba compliant and enables customised as well as standard interfaces to be implemented swiftly using modern scripting technologies and standards. The AFA Gateway Server is a highly reliable and robust data exchange engine, which is a key enabler to providing seamless STP across disparate systems.

Kapital is a recognised Polish vendor of automated foreign exchange and money marketing trading systems. The partnership agreement will enable AFA Systems to utilise Kapital’s local contacts, knowledge and implementation expertise whilst Kapital benefits from AFA Systems’ capability of providing a back office connection for Kapital’s trading solutions.

John Barratt, Business Development Manager, AFA Systems said: "With Poland entering the European Union, there is a greater demand for trading in new instruments and increased levels of risk control. Banks have to consider better ways of minimising risk and improving STP. Implementing these types of changes can be expensive and the cost of replacing systems is often prohibitive. With the AFA Gateway Server, interfacing is made simpler and more cost effective, offering banks the facility to upgrade and improve as and when appropriate."

Bolesław Pilecki, Marketing Director, Kapital commented: "The AFA Gateway Server provides the ideal technology to enable us to interface our trading solutions with back office systems, like Musketeer, to deliver STP. With AFA Systems as our strategic partner, we are better equipped to offer both current and future clients a complete solution that meets their evolving requirements. We anticipate that this partnership will enable both companies to increase sales by widening its client base and product offering in Poland."

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