Tuesday June 12, 7:02 am Eastern Time
Javelin Technologies, Inc.
Javelin Technologies, Inc. Launches JavTrader(TM) at SIA 2001
Web Front-End Empowers Buy Side with Automation and FIX Connectivity
NEW YORK, June 12 /PRNewswire/ -- Supporting the SIA 2001 theme of
``Delivering Exceptional Financial Services,'' Javelin Technologies Inc.
announced today the launch of JavTrader(TM), a web-based, front-end technology
that lets traders consolidate orders from their portfolio management system
and route them directly to the sell side through an established FIX
JavTrader(TM) benefits both the buy and the sell side.
For the buy side, JavTrader(TM) consolidates trade details and
automatically routes them to Javelin's service bureau, JavCentral(TM).
Because JavCentral(TM) offers instant FIX connectivity, institutions can begin
communicating block and single trades to brokers, ECNs and/or Exchanges for
best execution without any additional software or hardware implementation.
Because the JavTrader(TM)/JavCentral(TM) connection offers the buy side
instant FIX connectivity and more consolidated order flow, broker/dealers
quickly gain access to a greater pool of liquidity.
``The industry needs its vendors to create the solutions that will create
STP,'' said George Kledaras, Chairman and CEO, Javelin Technologies, Inc.
``Universal trade connectivity is the linchpin for STP and beyond.
JavTrader(TM) helps establish STP and sets the stage for a thriving post-STP
``There are surprisingly few web based, multi-broker, FIX enabled order
routing platforms available,'' said Joe Sommer, US Director of Electronic
Trading & Connectivity Services for Credit Suisse First Boston.
``JavTrader(TM) and the JavCentral(TM) service bureau will help more investment
managers capture the benefits of connectivity and afford brokers the ability
to exponentially increase their connected client base.
These are important
components in preparing for T+1.''
Javelin Technologies, Inc.
Javelin Technologies, Inc., based in New York City, with offices in San
Francisco, London and the Philippines, is the leading vendor of electronic
trading infrastructure, providing better trading through universal
Javelin's electronic trading products and solutions power
hundreds of clients including Chicago Board Options Exchange (CBOE), Yahoo!,
Morgan Stanley Dean Witter, Fidelity Management Research and Instinet.
Javelin's innovations have also attracted a growing list of investors
including Robertson Stephens, Advent Software, Thomson Financial, Market
XT/Tradescape and Investec Ernst.
For information on Javelin's electronic
trading solutions, visit http://www.javtech.com.