DWT: Lucidity to launch centralised trading solution

DWT: Lucidity to launch centralised trading solution

London-based application service provider Lucidity Trading Systems is to debut its thin-client global trading architecture at DWT 2001 London, next week.

The new ASP-based three-tier solution enables banks to deliver real-time information globally to any user connected to the system, at a greatly reduced cost, says the company. The same information can also be accessed via wireless devices using low bandwidth communications from anywhere in the world.

The system uses Lucidity's proprietary application server software and comprises three tiers; a Java client that runs on any PC or other workstations at the trader's desk, a remotely located application server and a Windows 2000 and SQL Server 2000 database server. The client software can be installed on a trader's workstation within 15 minutes, claims the company

The centralisation of the servers enables Lucid Trader to provide traders and treasury managers with real-time global trade capture, position keeping and profitability analysis across a range of instruments including FX, MM and derivatives, regardless of their location.

Andrew Rossiter, managing director, Lucidity, says: "By employing a three tier, thin client/server architecture managed from one central location, we are able to reduce hardware and system management expenditure and provide real-time information globally - thus facilitating global straight-through processing."

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