XiliXTM Expands Buy Side Connectivity

Tokyo JAPAN, March 7, 2005 – In February 2005, yet another undisclosed domestic asset manager has selected XiliXTM to connect to MetaBit’s MLHTM. MetaBit’s latest client has chosen XiliXTM for its ease of use combined with its capacity to place large numbers of orders to brokers. Self-training on a demo version was sufficient to trade large volume cash equities in a live environment.

Initially, five traders are independently placing orders from XiliXTM. The client required a high performance trading system that provided electronic access to markets, and could be installed and used by the traders immediately. They found XiliXTM more than met their expectations.

"Our latest client was particularly impressed with the ease that XiliXTM can handle groups of traders in terms of authorisation, but also monitoring order flow and trading interaction for managers and team members," said Yoko Tateya, Director, MetaBit, "We will continue to expand the functionality of XiliXTM, with intelligent discretion trading scheduled to release in March, while keeping its intuitive simplicity."

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