Panopticon Software, the leading provider of visual business intelligence software, today announced that it has signed an OEM agreement with Tbricks, a new company that is launching a completely new, state-of-the-art automated trading system.
The agreement allows Tbricks to tightly integrate Panopticon's interactive information visualization tools into the Tbricks trading platform.
The Tbricks system is designed specifically to support very high speed automated trading and combines a completely unique user interface that is easy for traders and managers to understand with the fastest performance available in the financial industry. Furthermore it is highly modular and allows institutions to implement an unlimited number of complex trading strategies and algorithms while maintaining extremely high performance. The system is built to provide professional users at banks and hedge funds with the power and control they need combined with visibility into the results of their activities in order to support vastly higher levels of productivity than previously possible.
Robert Ekström, CEO of Panopticon, said, "We have been working with major financial institutions all over the world since we started the company in 1999, but this is the first time we have had our information visualizations so well embedded into an automated trading application. We are very impressed with what the Tbricks team has produced and we believe their approach will make a substantial impact on the industry very quickly."
Jonas Hansbo, CEO of Tbricks, stated, "We looked at partners from all over the world and selected Panopticon since it offered the most comprehensive developer toolkit available combined with world-class visualization technology. We used the Panopticon Developer to tightly integrate their interactive Visual Business Intelligence tools with our platform. This combination of a highly intuitive front end with our extremely high performance trading platform suddenly sets a new standard for automated trading; our first customers love it since they are able to work so much more productively and more profitably!"