SDS Financial Technologies, a leading provider of powerful, comprehensive trading and electronic marketplace solutions for institutions, exchanges and hedge funds, today announced that Man Financial, one of the worldâs largest futures brokers, has licensed the SDS Alternative Trading System (ATS) from SDS Financial Technologies to launch the Man E-Finance Fixed-Income Marketplace to its clients in the United States.
Man Financial will initially use the SDS ATS solution to transact US Treasury repurchase agreements (Repo) electronically for its clients and expand to other fixed-income products to meet the evolving needs of its clients.
Robust Marketplace in a Box
SDS ATS is a robust, total marketplace solution that provides Man Financial with the technology, supporting functionality and network connectivity it required to rapidly implement the Man E-Finance Marketplace. The SDS ATS is designed to match high-volume, high-velocity order flow on a scalable platform that supports a broad range of standard industry FIX interfaces for order routing and price dissemination. These standard interfaces provide Man Financialâs customers with a fast and inexpensive way to connect and start trading.
The current Man E-Finance trading platform was implemented in less than six weeks and is currently available to 20 clients in the United States. There are plans to develop a European version for release in late 2007.
âThis agreement enhances SDSâs position as a leading provider of marketplace technology,â says Peter Maragos, managing director of SDS Financial Technologies. âThe SDS ATS is designed to help our clients get their business ideas to market quicker and Man E-Finance is an excellent example of how our world-class, marketplace technology and distribution platform is designed to meet our clientâs unique requirements, while providing rapid deployment to help drive their business forward.â