peterevans takes Systems in the City 2012 award for ‘Best Execution-Only Settlement System’

18 June 2012

Cardiff-based peterevans, provider of front-to-back office trading and processing technology has won the award for ‘Best Execution Only Settlement System’ at the Systems in the City 2012 event, held at the Law Society 14th June.

Mike Foley, managing director for peterevans said, “We’re proud to receive this award for the quality of peterevans’ technology. We work closely with the execution-only broker community and deliver some of the best solutions in the business as a consequence. We believe our team is outstanding and it is rewarding to have that recognised independently.”

SimplyStockbroking.com, a major client of peterevans, issued a statement saying, “The platform that powers the SimplyStockbroking website has won yet another award.The management and staff at SimplyStockbroking would like to offer our congratulations to Dr Mike Foley and his team and our thanks for the support they have given us over the last 3 years.”

peterevans’ xanite system offers full straight-though-processing from trade through to settlement and is used by some of the UK’s biggest execution-only brokers. The platform gives direct access to central depository Euroclear’s CREST network in the UK, with SWIFT messaging for connection to other markets. The system is fully integrated within the peterevans solution but it can be separately integrated within a user’s IT infrastructure.

The judging panel was comprised of: Chris Brennan, partner at Addleshaw Goddard LLP; Guy Sears director, wholesale at buy-side trade body the Investment Management Association; and Graham Shuttlewood, head of relationship management, financial institutions group, Royal Bank of Scotland. The award was presented by Michael Wilson, business and economics editor at Sky.

In total 39 separate firms were nominated for the awards, which were presented in front of an audience of stockbrokers, fund managers and investment banks.

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