ADM Investor Services expands EasyScreen deal
EasyScreen, the global supplier of trading software and connectivity to electronic exchanges announces it has signed a contract with ADM Investor Services International Limited ("ADMISI") for the provision of additional services from EasyXchange, the EasyScreen ASP delivered trading platform.
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The expansion of the existing contract gives EasyScreen further access to ADMISI's existing customer base of high volume professional customers. Due to the relatively short lead time in rolling out the EasyXchange trading platform, both EasyScreen and ADMISI fully expect this expansion will result in the generation of additional revenues in the near term.
This contract expands upon the initial agreement with ADMISI announced on 1 August 2003. It provides for the white labeling (ADMISI branding) of the Easy Active Trade ("EAT") trading screen with a revenue structure based on screen fees and transaction volume based software fees, in addition to white labeling and annual connectivity fees.
"This is a significant expansion of the deal with ADMISI," said Maria de Figueiredo, Sales Director of EasyScreen. "With EasyXchange ADMISI can now distribute an instantly available, own label trading screen for suitable ADMISI customers who wish to trade multiple asset classes from a single account on one screen. EasyXchange pre-trade risk management enables suitable ADMISI customers to use their margin availability across asset classes more efficiently than ever before. They also have the advantages of the independent, proven EasyXchange platform with electronic access to multiple exchanges, including equity and CFD trading."
Mark Fox-Andrews, Managing Director of ADMISI said; "ADMISI is pleased to offer this extra, single account, single screen trading facility and trusts this will afford suitable customers a greater level of exchange and product connectivity coupled with highly efficient margin utilisation."