KBC/Rabobank stock trading venture farms out network management to Tellindus
01 December 2004 | 6814 views | 0
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.