The Brut ECN has chosen TheBeast Framework and Transact bundle to support its equity trading operations for broker/dealers and financial firms.
The combined solution provides Brut with an integrated platform enabling financial services firms to manage transaction flow, monitor trades, and distribute transactional applications in real-time. The contract marks the first implementation in the equities market of the new product, TheBeast Transact bundle, on the asset class neutral TheBeast Framework. In addition, TheBeast will provide Brut with a managed hosting solution.
Delivery and implementation is scheduled for Summer 2001.