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EasyScreen (LSE:EAS), the global supplier of trading software and connectivity to electronic exchanges, is pleased to announce today that, further to the Heads of Agreement announced on the 5 April 2004, Curvalue has signed a contract for a data centre Software and Services agreement to be delivered as an ASP platform from EasyXchange, London.
The contract provides for the delivery of a trading platform branded as 'OnlineTrader' which is expected to go live on 1 July 2004.
OnlineTrader, delivered from EasyXchange in London, will initially be connected to EuronextLiffe Paris and Eurex with the Chicago Mercantile Exchange to follow in the coming weeks. The contract provides for rolling out additional derivatives, equity and foreign exchange connectivity to Curvalue's customers.
One of Curvalue's fundamental requirements was the provision of advanced risk management. OnlineTrader will be fully risk managed using EasyShield, EasyScreen's leading edge pre- and post-trade risk management software.
Curvalue will sell and market OnlineTrader to its existing client base and to new users in various market sectors across Europe from its pan-European office network.
The contract provides for screen licence fees and transaction volume based software revenues.
"I believe that with Curvalue's presence and traction in Europe, OnlineTrader will quickly penetrate into the European market and become a market leader," said Maria de Figueiredo, Sales Director of EasyScreen. "Our ASP solution, EasyXchange, is designed for rapid mass distribution and EasyScreen are delighted to be working with Curvalue to deliver this first-class range of product to Curvalue customers."
"OnlineTrader.com offers our customers more functionality, more connectivity and more reliability at the right price," said Richard den Drijver, CEO of Curvalue. "The benefits of OnlineTrader.com are immediately apparent to Curvalue customers - both retail and professional."