Fimat, the derivatives execution and clearing arm of Societe Generale, has signed a two-year contract with financial extranet Radianz for the delivery of e-trading solutions to customers worldwide.
Under the agreement, Radianz will provide Fimat and its customers with TIB data distribution services and TIB-based application hosting for Fimat’s market data feed handlers.
Radianz, a joint venture between Reuters and Equant, already uses Tibco's Information Bus architecture to manage its own network. The company will host components of Fimat’s data distribution infrastructure within Radianz’s New York-area and Geneva hosting facilities.
Doug Gilstrap, Radianz CEO, describes the offering as "a glimpse of the future of the RadianzNet IP community", in which Radianz distributes TIB-based data on behalf of customers who do not wish to bear the start-up costs and ongoing management effort.
Fimat group chairman & CEO Marc Breillout comments: “The other vendors we evaluated all stopped at IP services and would have required further investment and integration on our end. Radianz takes application communication further by giving us TIB dial tone on RadianzNet. Since Radianz understands the support needs of our trading tools, less effort is required to bring them to market. And, with Radianz hosting and managing the market data servers, our staff can focus on the value Fimat delivers to its users.”