NEW YORK--(BUSINESS WIRE)--Oct. 2, 2000-- Internet Trading Technologies, Inc. (ITTI), an application service provider (ASP) of fully-outsourced, Internet-based trading solutions, today announced that it will integrate Javelin Technologies' Coppelia FIX Engine with its core trading system, Universal Trader.
Universal Trader is a mission-critical, front-end order entry, routing and communications software program deployed by market makers and other executing brokers to their smaller and mid-sized broker dealers and buy side customers.
As increased order routing is outsourced to ASPs, it is critical that providers be in a position to communicate across industry platforms, access all pools of liquidity and ensure execution of all trading transactions. Javelin's Coppelia FIX Engine will integrate into ITTI's infrastructure to service all FIX message processing for marketmakers, small institutions, broker dealers, hedge fund managers, and prime brokers who use Universal Trader. Coppelia's proven production track record, in addition to its suite of easy-to-use development and support tools, were key factors in ITTI's selection of Javelin.
``We came to Javelin because it is the technology leader in providing connectivity for global trading,'' said Tom Joyce, director of business technology at ITTI. ``Javelin's platform provides a scaleable infrastructure that will significantly advance our overall strategy of ensuring that ITTI clients have access to the best available technology for competing in a dynamic marketplace.''
``The Internet is fast becoming the way to trade,'' said George Kledaras, president and CEO of Javelin Technologies. ``With our technology and expertise in electronic trading, we connect companies like ITTI to the global trading community and enable them to offer untold value to clients.''
About Internet Trading Technologies, Inc.
Internet Trading Technologies Inc. (ITTI) provides fully outsourced, Internet-based trading solutions to the wholesale securities dealer market. ITTI's flagship product, Universal Trader, is a mission-critical, front office order execution system that provides sophisticated, real-time trading solutions for listed and OTC equities, options and fixed income securities. Universal Trader is used by top U.S. marketmakers and execution firms, including Knight/Trimark Securities, Herzog, Heine & Geduld, and Investec Ernst & Company, and is deployed to over 650 broker dealers and institutions. The company is headquartered in New York City. More information on ITTI and the Universal Trader system is available at www.tradingsoftware.com.
For ITTI: Spring, O'Brien & Co. Melissa LoVerme, 212/620-7100 x201 firstname.lastname@example.org