Velocity Systems reports global re-launch; opens City offices

Source: Velocity Systems International

Velocity Systems International, a leading developer of end-to-end web based foreign exchange (FX) trading lifecycle software for brokers, dealing platforms and their customers operating in global financial markets, today announced its official global re-launch and the opening of its new offices in the City of London.

From today, foreign exchange dealers across the world will have fast access to V-Banking, Velocity Systems International's revolutionary web-based e-trading software - as well as the company's highly regarded consultancy and integration services. V-Banking enables banks and brokers to create sophisticated and comprehensive e-trading environments that deliver a one screen view of activity throughout the Over The Counter (OTC) asset trade lifecycle. This includes information relating to real-time executable prices, pre-trade analytics, post-trade STP solutions and financial news - all of which is automatically gathered by the software from bank, broker and client-side sources.

V-Banking comprises of the following modules:
€ V-FX - a full-featured, Internet-based FX dealing system € V-MM - an integrated money market dealing module for cash instruments and short-dated securities € V-Portal - a personalised user front-end interface that can be tailored to individual news and financial markets data € V-Margin - an integrated collateralisation trading module € V-Rate - sources market rates from providers and ensures cleansed rates of a tradeable quality € V-Orders - administers orders through the lifecycle € V-Stream - a one-stop rate streamer application

V-Banking is underpinned by ViSTRA, an all-in-one system for electronic trading that ensures real-time connectivity between buy-side trading portals, liquidity providers, pricing and dealing platforms.

Velocity Systems International's software delivers the flexibility, integration and speed to anticipate and respond to industry trends - enabling the rapid development, management and electronic distribution of all financial products. It also enables organisations including banks, Portals and ECNs to cut OTC asset transaction costs and maintain a competitive advantage. This provides an immediate and sustainable competitive advantage in an increasingly challenging marketplace.

Alan Scott, CEO, Velocity Systems International, comments: "Since its foundation in 1997, Velocity Systems International has established an impressive worldwide client base from its Australian headquarters. Our global re-launch comes at a time of significant corporate growth and with strong customer backing, marking a new and exciting period in the company's continued development."

Velocity Systems International new UK offices are located in the City of

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