New York, NY, April 26, 2005 â TraderTools LLC, the only technology company to deliver a fully-integrated e-trading solution for FX, announced today the licensing of its STPlatform to Prudential Financial Derivatives LLC (Prudential). Prudential intends to use the RateToolsâ¢ component to stream executable rates for Foreign Exchange (FX) and Exchange-For-Physical (EFP) online transactions. RateTools is powered by StreamToolsâ¢, a powerful real-time messaging architecture and data server, and Thinvisibleâ¢, the companyâs patented tunneling technology. Both StreamTools and Thinvisible have been extensively tested by Prudential.
"TraderToolsâ technology will help improve our customer service capabilities by enabling Prudential Financial Derivativesâ network of advisors and clients to trade FX and EFPs right over the web," said Kevin Kennedy, Chief Technology Officer for Prudential Financial Derivatives LLC. "Using the RateTools component on top of StreamTools and Thinvisible allows Prudential to offer one comprehensive tool with which to trade Foreign Exchange over the Web."
Yaacov Heidingsfeld, Chief Operating Officer of TraderTools, remarked, "Repeat licenses from blue-chip companies validate not only our technology, but also our business direction. We are excited about the opportunity to further strengthen our relationship with Prudential."