EasyScreen Plc ("EasyScreen", "the Company")is pleased to announce that Patterson Capital Markets, Ltd ("PCM") has signed a Letter of Intent for a three-month evaluation period with the option to take up a defined contract for an integrated EasyXchange ASP trading platform service once this period is concluded.
EasyScreen will provide PCM, from EasyXchange, the full package of core routing and administration, Easy Active Trade ("EAT") screens and EasyShield real time SPAN style risk control.
In the event that PCM exercises its option such a full service would result in screen and throughput based revenues for EasyScreen.
PCM are a 24-hour, full service broker of financial derivatives and equities with state-of-the-art, fully redundant electronic trading hubs in Chicago, New York and London. PCM brokers currently use a variety of electronic trading screens to trade, directly or via affiliates, different financial instruments across 44 electronic markets around the world.
Commenting on the announcement, Philip Docker, Chairman of EasyScreen, said; "Patterson Capital Markets, a household name in the Chicago markets, is our first US institution to evaluate EasyXchange US I am sure that the markets will watch Patterson's experience closely as they familiarise themselves with the benefits of our multi-asset class, leading edge ASP solution."