17 October 2017
visit www.response.ncr.com

KBC/Rabobank stock trading venture farms out network management to Tellindus

01 December 2004  |  6814 views  |  0 network diagram

Belgian computer services group Tellindus has won a five-year EUR1 million contract to connect and manage the network for Orbay - a joint venture online trading platform under development at KBC Bank and Rabobank.

The banks have been working together on the development of a common platform for back office processing of security transactions since 2004. Rabobank is scheduled to be operational in May of 2005, KBC Bank at the end of 2006.

Tellindus will be working with KBC ICT, the IT services arm of the Belgium-based bank, to deliver connectivity, network services and management for the new trading network, including the selection of operators and service level agreement guarantees.

The joint venture platform is built on the Quartz security processing system developed by the Indian software developer TCS. During the acceptance-testing phase and operational phase, the central security trading platform will be located on the servers of KBC's data centres in Belgium.

Depending on the work volume, additional computer capacity will be provided by Hewlett-Packard Superdome systems.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

KBC and Rabobank Nederland select TCS' Quartz for securities processing

KBC and Rabobank Nederland select TCS' Quartz for securities processing

24 September 2004  |  14351 views  |  0 comments
KBC and Rabobank to share settlement development costs

KBC and Rabobank to share settlement development costs

09 January 2004  |  6291 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14794 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8142 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7465 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6766 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6107 views comments | 8 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job