Under the agreement, Cicada and Computershare will jointly market to their existing and future clients Computershare's X-stream, the world's most advanced and highest performance exchange matching system, and the real-time configuration of Cicada's ComposerÂ® plus+, the world's leading market data management platform.
This alliance demonstrates the companies' strategies to work with other advanced software houses that share the same commitment to innovation and to helping exchanges increase revenue and reduce their total cost of technology ownership. Through this joint marketing agreement for Computershare's X-stream and Cicada's ComposerÂ® plus+, together with Computershare's SMARTS market supervision and surveillance software, exchanges will now have access to a full suite of leading products, conveniently delivered through one channel.
At the signing, Peter Jessup, MD of Computershare Markets technology said, "In an environment of increasing competition, exchanges are looking to manage their data more effectively as a means of increasing revenue. We believe that our current clients can benefit enormously from this agreement by bringing in Cicada's advanced real-time data management technology, already in use by major global exchanges."
Echoing the comments, Hubert Holmes, Managing Director of Cicada said "This co-operation just makes sense. We have complementary product sets that meet the needs of exchanges around the globe for more effective, efficient trading and market data management. This alliance illustrates the fact that both parties's technologies work well together and can be marketed as a single solution".