InfoReach Achieves 15th Consecutive Year of Revenue Growth
Rapid deployment time of broker-neutral, multi-asset class EMS and surge in demand for High-Frequency Trading component help drive global client expansion and retention
Chicago, IL, March 24, 2010 — InfoReach (www.inforeachinc.com), a global provider of high-performance electronic trading technology for capital markets, reports that the company's earnings for 2009 grew by 22% in revenues and it doubled its net profitability, marking the firm's 15th consecutive year of revenue growth.
Despite 2009's global financial downturn and IT spending cuts that caused widespread revenue declines across the industry, InfoReach was able to expand its buy- and sell-side client base, increase its global broker and FIX connectivity networks, introduce a new HFT component and boost product functionality across asset classes.
“The more challenging the global trading environment becomes, the more our business thrives,” states InfoReach CEO Allen Zaydlin. “Institutional traders need more speed and advanced functionality to compete in today's markets, and they also don't want to wait 6-12 months for their trading technology to be integrated and functional,” he explains.
“InfoReach solutions are broker-neutral, multi-asset powerhouses that can easily have clients live and trading in as little as 2-4 weeks. And our reputation for rock-solid reliability and support assures traders that we'll be there for them in the future,” Zaydlin adds.
Since its inception in 1995, InfoReach has continually invested heavily in product development and service to meet customers' evolving needs and access to technical expertise. Highlights of the past year include:
- Increased demand for the firm's “HiFREQ” product, which gives traders the ability to employ low-latency, high-throughput strategies for equities, futures, options and FX trading without having to invest in costly technology and maintenance.
- Connectivity to foreign exchange liquidity from Thomson Reuters, ICAP's Electronic Broking Services (EBS) and J.P. Morgan. This brings the number of FX dealers and ECNs that connect to the InfoReach TMS to 15 of the world's largest financial institutions.
- Addition of algorithmic strategies from 35 brokers to the InfoReach Execution Management System (EMS).
- Expansion of the InfoReach FIX connectivity network, which now provides access to more than 140 brokers, ECNs, MTFs, exchanges, ATSs, dark pools and other major sources of global liquidity for equities, futures and options trading.
- Enhanced multi-asset trading functionality for equities, futures, options and forex.
- Widely publicized thought leadership for industry regulators and the media on such critical concerns as high-frequency trading, "naked access," automated and algorithmic trading, and low latency.
- Participation in and sponsorship of numerous global industry events.
Comprehensive, out-of-the-box functionality, rapid implementation, proven reliability and a client-centric culture have made InfoReach the trading technology provider of choice for financial institutions around the world since 1995.
The InfoReach EMS streamlines workflow by consolidating pre/in/post trade analysis tools, pre-built and broker-provided algorithms, real-time, interactive charts and position monitoring, multi-asset and portfolio trading capabilities, order management and FIX connectivity in a single, multi-broker platform. Traders can employ advanced strategies across equities, options, futures and forex.
First launched in 1996, the InfoReach FIX (Financial Information Exchange) Engine is an off-the-shelf solution that powers equities, fixed income and foreign exchange trading for both cash and derivative products. It provides connectivity to more than 140 brokers, ECNs, MTFs, exchanges and other major global sources of liquidity.
By using InfoReach FIX in tandem with the InfoReach EMS, traders can lower latency and increase execution efficiency across multiple asset classes. In addition, the InfoReach HiFREQ component facilitates throughput of thousands of orders per second at sub-millisecond latency.
InfoReach is a privately-held company headquartered in Chicago, with offices in New York and the Netherlands. For more information, visit www.inforeachinc.com.
Anne Aldrich for InfoReach,