IBSN and 4th Story Demonstrate Direct Market Access at STACTullett Liberty Goes Live on 4th Story Platform
Chicago, - January 19, 2006 --
IBSN and 4th Story Demonstrate Direct Market Access at STAC
IBSN, Inc., a leading provider of order routing and integration solutions for the securities industry, and 4th Story, a provider of algorithmic trade processing technology, will be demonstrating a Direct Market Access solution at this year’s Securities Traders Association of Chicago conference (January 19 to January 21).
Together, the Companies demonstrate the ability of traders to run their own, real-time algorithms in order to drive automatic order execution through a trading partner, exchange or ECN. To accomplish this IBSN provides connectivity and routing between business applications, trading partners, and trading venues, and 4th Story provides sophisticated algorithm-processing capabilities. In addition, the solution supports real-time trade monitoring as well as historical trade statistics for ongoing execution optimization.
“IBSN has connected the 4th Story application to trading partners and exchanges through the IBSN Dominet network and has gotten us executing trades in a matter of hours, not days,” said Steve Smith, CEO of 4th Story. “Implementation speed gets traders trading quickly, so they can take maximum advantage of investment opportunities whether they are pursuing long term strategies or short term opportunities. It is a pleasure to be collaborating with them on Direct Market Access.”
“4th Story is an innovator in algorithmic processing technology, supporting even the most complex algorithms driven by real-time data”, said Fred Horn, CEO of IBSN. “In addition, they place high value on ease-of-use and flexibility which matches our own commitment to fast implementation, operation, and modification. It is a pleasure to work with a company committed to technical sophistication and ease-of-use.”
IBSN offers its technologies both as hosted services and as licensed software.
About IBSN, Inc. (Selero) (www.selero.com)
IBSN is a leading provider of order routing and integration solutions for the securities industry. Since 1998, the Company has been providing rapid connectivity between trading partners and between home-grown and third party applications within organizations. IBSN’s technology allows customers to increase order flow, to implement end-to-end straight through processing, to achieve direct market access, to rationalize IT assets, and to automate and modify processes in changing business environments. IBSN’s customers include Exchanges, Retail Brokers, Market Makers, Regulatory Bodies, and others. In February 2006, IBSN changed its name to Selero.
About 4th Story (www.4thstory.com)
4th Story, LLC is a software firm focused on enabling trading opportunities. The company’s products give the user the power of rapid testing and implementation of arbitrarily complex automated and algorithmic trading strategies. The company develops its products on the Microsoft .Net platform.