Patsystems plc launches Application Service

London, UK - 12 September 2007

In response to market demand for componentised solutions, Patsystems is now pleased to offer the full benefits of a Patsystems trading platform without the requirement for the client to invest in a technology infrastructure or associated support resources.

Patsystems’ Application Service Provider (ASP) solution is a high-availability service, providing access to global markets via the client’s existing exchange memberships or via sponsored access. Through this new offering, the benefits of a shared hosting service will be made available to all Patsystems’ users globally. Initial installation and hosting of the project will be in London.

Customers can take full advantage of Patsystems’ advanced connectivity and the 24/6 Global Support Desk service while retaining complete control of their end-user profiles and risk parameters. The full suite of Patsystems trading front-ends - Pro-Mark, J-Trader and IQ-Trader – is available to ASP users.

Patsystems has provided bespoke hosting services to a number of high profile customers in the UK and Asia, for the past four years.

Nick Burns, Hosting Services Manager, Patsystems, said:
"We believe there is a strong market demand for a flexible, high availability ASP solution for a minimal initial investment, and reasonable ongoing operating costs. The Patsystems ASP solution meets these criteria, and we’re delighted that this new solution enables us to deliver the comprehensive Patsystems product offering to a much wider audience. Support and maintenance of this solution will be provided by a dedicated team of Global Support Desk engineers to ensure that a quality service underpins the offering.”

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