ePulse and Lightstreamer team up to increase
productivity in OTC markets
London, UK -- June 20, 2005 -- London-based trading software vendor
ePulse Ltd and Milan-based “Push technology” vendor
Lightstreamer have signed a strategic partnership agreement to
meet the growing demand for real-time price delivery based
purely on HTML browser technology in the OTC markets. According
to Barry Patel, ePulse’s Sales and Marketing Director, trial
installations are in progress at a number of key OTC brokers.
“We are continuing to enhance our OTC trader offering and
Lightstreamer will form a key component in our OTC trading
product suite”, says Barry Patel ePulse’s Sales and Marketing
Director. “It will provide the ability to distribute real-time
rates via browser-based solutions. Our approach which uses
Instant Messaging as a delivery vehicle for real time streaming
prices, has the capability to significantly improve liquidity
and order flow in the OTC commodities markets” he adds.
Lightstreamer is a web push engine for live data distribution.
It streams real-time data to an HTML browser without the need to
download or install anything on the client and with its flexible
‘Java powered’ architecture it can easily be integrated into
existing platforms. Lightstreamer’s simple use of HTTP and HTTPS
delivers live data in a light and efficient manner; implements
bandwidth control techniques, passes through any proxy or
firewall and updates only the selected 'pushed' HTML data
without an entire page reload.
“We are delighted that ePulse has chosen both to integrate
Lightstreamer in their OTC platform but also to act as a
strategic partner to carry out systems integration work in the
UK/I region” says Simon Walmsley Vice President of Sales at
Lightstreamer. “Their track record and experience of trading
systems will prove invaluable to us and ePulse is already
trialling the product with some key organisations in the OTC
OTC trades are privately negotiated contracts between two
counter-parties often with a number of cross-market components.
In recent years these markets have seen substantial growth in
volumes and now represent a major source of Financial
Institutions’ revenues. Unlike well-defined exchange traded
instruments such as stocks, each trade can be unique and only be
processed by communicating and exchanging all the economic
components of the trade.
founded in 1998 to provide solutions and services to
organisations trading in the global financial and commodities
markets. In 2004 ePulse attained the Deloitte Technology Fast 50
list of fastest growing technology companies. This is in
addition to their 2002 and 2003 listing on the prestigious
Sunday Times Tech Track 100 list as one of the fastest growing
technology companies in the U.K.
Lightstreamer was originally developed by the Financial Systems
Integration activity of privately held Par-Tec SpA group (founded
in 1998). In 2004 a separate company was formed within the group
as an ‘ISV’ to provide Lightstreamer 'Push' middleware solutions
for streaming real-time Market Data, or any live information, to
web browsers and custom application clients.