ASPone, the London-based trading, market data, connectivity systems developer and managed services supplier has launched a new strategic initiative aimed at positioning the company to exploit the growth occurring in trade capture, trade routing and straight through processing (STP) within the over-the-counter (OTC) markets with capabilities for multi-asset classes and financial markets globally.
Describing themselves as The Hidden Power Delivering Trading Solutions there is a new focus on providing front office trading tools coupled with client services, support and hosting to create a new suite of products and services to help clients reduce the cost of trading, improve productivity and add real business value through technical innovation.
Recently ASPone has formed a strategic alliance with Reuters to incorporate ASPone's proprietary technologies into the Reuters Trade Notification Service TM (RTNS). This offers significant operational benefits to traders in the FX and money markets by providing a uniform method of post voice-trade capture and allows for fully electronic confirmation and settlement.
"In the past we have been the hidden power delivering other organisations' trading solutions. ASPone is a proven brand and we are coming to market with an exciting range of products and services" says Patrick McGrath - Managing Director
ASPone now has five key product and professional services streams where we offer expertise to the Financial Markets -
1. Straight Through Processing
2. Market Data Management
3. Risk Management
4. IT & Audit Services
5. Voice & Data Network Services
ASPone will be rolling out new product offerings in the coming months. These will include a powerful tool for market data analytics & derivatives pricing in the front office and a complete managed network service for voice trading and data.
This represents a very exciting period for the company as it moves to new offices in the City of London in order to be close to its core customer base of Banks, Brokers and other Financial Institutions. The move also reflects recent growth and expansion in the company to accommodate and support its new product strategy.