Source: EasyScreen
Further to the announcement of 1 June 2004 detailing the provision of extra services for ADM Investor Services International Limited ('ADMISI'), a global clearer, EasyScreen announces that ADMISI has now gone live for CFD trading on their ASP delivered EasyXchange trading platform. This platform is accessed by ADMISI clients using an Easy Active Trade ('EAT') screen branded as 'ADMIT'.
The ADMIT platform, which in the near future will also connect to Equities and Foreign Exchange, offers excellent functionality and EasyShield centralised risk management. EasyShield aggregates and controls pre- and post-trade risk on a single account across all asset classes, efficiently offsetting and utilising margins from a 'single pool of funds'.
ADMIT is expected to challenge existing 'CFD only' trading platforms currently in the marketplace as ADMIT offers additional connectivity to multiple asset classes and efficient risk management using EasyShield, delivered at a competitive price.
It is expected that ADMIT will penetrate ADMISI's worldwide client base, including high volume professional clients, as ADMISI market and supply ADMIT screens.
As a result of the EasyXchange delivery model EasyScreen will earn screen and throughput based revenues from these ADMIT screens from ADMISI and from the CFD liquidity provider.
"This demonstrates the multi-asset class capability and functionality of EasyXchange," said Maria de Figueiredo, Sales Director of EasyScreen. "CFDs on ADMIT represent an excellent opportunity for EasyScreen, ADMISI and our EasyXchange connected CFD provider."
Mark Fox-Andrews, Managing Director of ADMISI said, "ADMISI is pleased to expand its electronic product offering with this additional CFD service."