Swissrisk Financial Systems partners with CONET Services in Germany

Frankfurt - 18 August 2009

Swissrisk, the European financial software specialist, announced today that CONET Services has become an official Swissrisk hosting partner for the company’s market making and trading solutions in Germany. Both companies now offer low-latency connectivity for different stock exchanges, hosting of Swissrisk’s I-Trader and other market-making applications. Four clients have already signed up for these services and many more have indicated interest.

The core competences of CONET Services AG are the data centre provision for IT-solutions, especially the hosting of low-latency trading systems in proximity centers, as well as related consulting.

Commenting on the new partnership, Franz Pepelnik, General Manager of CONET Services, said: “Swissrisk’s solutions complements CONET Services’ existing portfolio, providing proven and state of the art proximity and low latency exchange connectivity to our customers. These established solutions deliver manifold functionalities, can be easily integrated into other systems and can be individually configured to our customers’ specific needs. With this strategic partnership, we are ready to offer more services to financial institutions to optimize their hosting and housing needs.”

Buncak Saykam, Head of Sales and Marketing Germany at Swissrisk, commented: “Swissrisk knows the importance of working with partners who understand the needs of local firms and have a strong track record in delivering successful hosting services. The partnership with CONET Services will support Swissrisk to further penetrate the trading and market making markets in Central Europe.“

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