InfoReach Inc. Launches New Version of Trade Management System; New Release Adds Significant New Functionality
New York, N.Y., April 19, 2007 — InfoReach Inc., an innovative provider of leading software solutions for the electronic trading of financial securities, today announced the launch of version 7.0 of its flagship trade management system, InfoReach TMS, which combines order entry, rule based trading, order management and FIX in a single broker neutral trading platform.
The new version features a number of enhancements, including analytics and new functionality, specifically in the area of single order trading. “Basically, InfoReach’s goal is to bring TMS’ single order functionality on par with basket trading robustness,” said Allen Zaydlin, CEO of InfoReach Inc. “This is accomplished by our improved single order entry blotter and customizable layouts and hot-keys that can quickly call up additional algorithms dictating the best place to route a specific order.”
The new version of InfoReach TMS also contains an upgrade to the system’s pre and post-trade analysis tools including – portfolio breakdown analysis (by industry sector, major index membership, capitalization exchange, country, liquidity range, estimate slippage, side, etc).
“What also makes our new TMS version so compelling continued Zaydlin, is its ability to bridge the gap between visualizing data and being able to act on it. So if for example a trader sees a problem with arrival price execution slippage in a group of names, he or she is capable of adjusting the entire group’s trading without micromanaging the individual symbols. Version 7.0 represents our most significant upgrade in the last couple of years,” continued Zaydlin.
“We were quite impressed with the new reporting functionality that goes beyond two-dimensional tables,” said Alex Pasman of Van Buren Advisors. Van Buren Advisors is a long time user of InfoReach’s products.
Established in 1995, InfoReach promptly recognized industry technology trends and created its product line of InfoReach FIX Engine (FIX protocol engine) and InfoReach TMS (trade management system). Our products are open, scalable and flexible solutions for firm-wide order execution and management.
An abundant array of features combined with committed support has made InfoReach the technology of choice for many major buy and sell side financial institutions. InfoReach employs a staff of over thirty industry professionals in offices throughout the U.S. and Europe.
Hunter & Co Communications