BOSTON â June 15, 2005 â Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced the increasing success of its front-office ASP solutions. Linedata clients and prospects alike are accelerating the use of Linedataâs LongView Trading and Linedata Compliance ASP products, as they focus more heavily on their core competencies. Through easy "click and download" functionality, asset managers can immediately begin using these best-of-breed trading solutions and receive new product functionality as it becomes available.
Jack Wiener, executive vice president, Linedata Services, Inc. explains, "Through simple web-based downloads, clients can be up and running using LongView Trading and Linedata Compliance in just minutes, while maintaining the same robust functionality and features of the installed version. Product enhancements are pushed out to our ASP clients through a secure private network, as soon as they are released. Our ASP clients are already taking advantage of streaming data and real-time P&L enhancements deployed earlier this month without a formal upgrade or any intervention from their IT staffs."
"We have seen tremendous interest from clients and prospects of all sizes," comments Michael Rennell, senior vice president, head of global sales at Linedata Services asset management. "By offering clients different levels of service plan, we are alleviating the burden on IT for support, disaster recovery, and database and server administration - really the entire technical environment." Rennell continues, "By year-end, we expect more than 100 clients to be using the latest versions of LongView Trading and Linedata Compliance through our ASP."
Launched in 2003, LongView Trading ASP and Linedata Compliance ASP remain the only ASP-based front-office offerings available for the institutional financial services marketplace. As the market trend toward outsourcing increases, so does the demand for web based solutions. Linedata Servicesâ combined expertise and vast experience in delivering ASP based solutions has driven financial institutions of all sizes to join the platform.