IT&e and QTC have today signed a license agreement for PTX to develop QTCâs fully integrated, core, on-lending and investment administration platform. The decision to select PTX was made after an extensive evaluation of PTX and a detailed requirements phase. QTC identified PTX as the best fit for their requirements after a thorough evaluation of international online investment, portfolio management and Financial Market solutions. QTC will make use of PTXâs functional modules including Fixed Interest, Foreign Exchange, Derivatives, Money Market and Cash class assets as the foundation of their OLIA solution.
Steven Dive, Head of IT&eâs APAC Product Sales noted, âWe are very pleased to partner with QTC and provide PTX as the solution for QTCâs Onlending and Investment Administration Project. PTX provides QTC with a modern online platform thatâs robust, scaleable and functional. The selection of PTX for this project also demonstrates the technical superiority of the PTX product, which is built using Java technology and deploys an extensible and flexible integration architecture, providing secure and extensive features to users.â
James Maranis, CEO of IT&e said, âWe are pleased to have completed this milestone following the detailed analysis phase with Queensland Treasury Corporation, for the implementation and further development of the PTX application. The partnership and combined development effort between IT&e and QTC, will result in an integrated on-line portfolio and administration management system incorporated into PTXâs infrastructure. This will create both new opportunities in the banking sector and further vertical markets to on-sell PTX.â