TIDMARC

RNS Number : 4732R

Arcontech Group PLC

27 October 2023

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

New client win to provide a real-time market data platform

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce the signing of a new Tier 1 bank client for its CityVision platform. The components being deployed include: MVCS (Multi-Vendor Contribution System) which enables those that create market data content, to contribute to multiple vendors and internal destinations at the same time; Arcontech Cache, a calculations engine that allows distribution of vendor feeds such as Bloomberg B-PIPE and Refinitiv Real-Time to end users and other destinations; along with Excelerator, the Company's highly performant real-time Excel Add-In for data consumption and financial instrument pricing and publication.

A multi-year agreement, with the initial deployment in New York, marks the start of an important relationship with a Tier 1 global institution that should see expansion to Europe and Asia.

Matthew Jeffs, CEO of Arcontech said:

"Discussions commenced as the bank wished to both access and contribute real-time prices to a global market-data vendor, their risk-management platform and other internal systems for which the existing market-data infrastructure was unable to cope with the frequency and volume of updates. Arcontech was selected as we have tried and tested solutions for both large and small deployments as well as the ability to customise quickly to meet specific client requirements. The continual development of our systems also enables our clients to meet their resiliency, monitoring, data management, visualisation and reporting needs This win is especially important as it underpins management's expectations for the year whilst reinforcing our optimism in the overall business outlook which is evidencing the re-engagement of prospects interested in securing additional value whilst minimising operational risk".

Enquiries:

 
 Arcontech Group plc                                   020 7256 2300 
 Geoff Wicks, Chairman and Non-Executive Director 
 Matthew Jeffs, Chief Executive 
 
 Cavendish Capital Markets Ltd (Nomad & Broker)        020 7220 0500 
 Carl Holmes / George Dollemore - Corporate Finance 
  Harriet Ward - ECM

To access more information on the Group please visit: www.arcontech.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTFEAEEMEDSEES

(END) Dow Jones Newswires

October 27, 2023 02:00 ET (06:00 GMT)

Arcontech (LSE:ARC)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Arcontech Charts.
Arcontech (LSE:ARC)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Arcontech Charts.