ISS-MAG. Fifteen Years of Growth for InfoReach
InfoReach, 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.
The firm credits its industry-leading deployment time of superior technology as well as increased demand for its high-frequency trading (HFT) product as primary factors fueling its extraordinary results.
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.