KVH Co. Ltd (headquartered in Minato-ku, Tokyo, CEO: Richard Warley, hereinafter referred to as "KVH") and Fractal Systems (headquartered in Minato-ku, Tokyo, President: Masahiro Nakagawa, hereinafter referred to as "Fractal Systems") today announced that Fractal Systems has selected KVH IaaS as its platform for "CX SaaS," a new software service for commodity futures trading businesses to be launched on November 1, 2010.
Fractal Systems has abundant experience in developing and offering systems for market data delivery as well as foreign exchange and securities trading. Leveraging their deep expertise, "CX SaaS" covers the spectrum of commodity futures trading business applications from online trading and market data delivery to business support systems for orders, vendor management, and financial accounting systems.
"KVH IaaS" delivers a highly scalable and secure, configurable multi-tenant platform that utilizes KVH's leading-edge data centers and high-speed networks, which are specifically engineered to meet the mission-critical needs of the financial industry. Using "KVH IaaS," Fractal Systems is able to achieve high scalability, flexibility, and availability for its "CX SaaS" service platform while providing the high reliability required by trading firms.
Through "KVH IaaS," enterprise users of "CX SaaS" such as investors and commodity futures trading companies can promptly adopt a state-of-the-art service platform with minimum initial investment and the ability to continuously reduce system operations workload. Moreover, flexibly scaling the system in accordance with size and/or type of business will allow users to focus on their core business, enhancing their competitive advantage. Fractal Systems will initially offer "CX SaaS" to two commodity futures trading companies, expanding to 10 target customers in the first year.
Masahiro Nakagawa, President of Fractal Systems, said, "Fractal Systems focuses on developing leading-edge technologies while maintaining a high standard of quality for our products even after system implementation. CX SaaS follows our business model, allowing customers to upgrade the service at a rate most appropriate to their business growth. By selecting KVH, who boasts extensive experience in the financial industry, for their IaaS services, we are able to both deliver the level of service required by our customers and take advantage of the convenience and scalability of cloud services. Moving forward, we aim to continue offering cost effective, high performance features to support trading businesses to enhance our customers' satisfaction."
Bill Chute, Vice President, Managed Service Business Unit of KVH, noted, "We are thrilled to have configured our flexible Infrastructure-as-a-Service to fit Fractal Systems' exacting specifications. Fractal Systems use our high speed Internet service as well as secure private circuits, with servers and storage in a multi-layered IP network. Our dynamic, no-touch provisioning software allows Fractal Systems to scale rapidly as their customer base expands. We are delighted to deliver to Fractal Systems the broad range of KVH's products, from collocation to connectivity to IT infrastructure management, for low cost and high performance results."