Vhayu, the leader in streaming tick processing and persistence software, today announced the expansion of its European operations with the appointment of Dale Stevens, a market data industry veteran, as director of sales, Europe, Middle East and Africa (EMEA). The appointment follows a landmark year for Vhayu in which the company more than doubled its customer base while growing revenues by 167%.
Following an explosion in market data as a result of industry regulations such as RegNMS and MiFID, financial organizations have recognized the need for a single platform capable of capturing, analyzing, publishing and storing data across asset classes. As a result of this demand and the increased customer growth in Europe, Stevens will join the London office to capitalize on Vhayuâs success in the region. He will also be responsible for growing the company across Europe, the Middle East and Africa geographies and providing local client support to service new and existing customer needs in the UK. Prior to joining Vhayu, Stevens held sales management roles at Arcontech, NEON, Reuters and Misys.
Additionally, Vhayu announced the addition of 10 new customers throughout Asia, Europe and North America through a redistribution agreement with Reuters and its sales of the Reuters Tick Capture Engine, powered by Vhayu VelocityTM. These successes, including clients such as BNP Paribas and Cheuvreux, a division of Calyon, add to a growing list of Vhayu clients which includes Bear Stearns, Nomura, Piper Jaffray, Thomas Weisel Partners, NYFIX, and RBC Capital Markets among others.
Jeff Hudson, CEO of Vhayu, said, âVhayuâs proven success in 2006 has solidified our position as the leading technology vendor for the capture, analysis and storage of financial market data. We are committed to delivering superior global customer service while continuing to build on this success, and are pleased to welcome Dale to our team.â
Hudson continued, âUnlike other vendors who emerged from academia and position themselves as ESP/CEP experts concentrated across numerous vertical markets, Vhayu was founded specifically to meet the unique challenges of financial market data. This focus coupled with our demonstrable financial services experience is the primary reason financial firms choose Velocity over other vendors. Currently, 25 per cent of our customers use Velocity for multi-asset classes such as equities, fixed income, options, futures and FX, and we look forward to introducing tailored products in 2007 to support client initiatives in each asset class.â
Additional milestones for Vhayu in 2006 included:
. The introduction of Velocity Order Book Analyzer to capture and measure every bid/offer across all markets in real-time and comply with Reg NMS & MiFID regulations;
. The launch of Velocity for Options to process and store the entire OPRA data feed in real-time, enabling trading firms to effectively manage the upsurge in US equities options data;
. The formation of the Fixed Income Market Data Advisory Board, providing a unique forum for industry participants to contribute to Vhayuâs innovative strategy to drive electronic fixed income trading operations;
. Vhayuâs selection by Financial-I magazine as the 2006 âMost Innovative Market Data Analysis Solution.â