Fortis Bank, a recognised international financial and banking service provider, today announced that it has successfully gone live with TRS in all its dealing rooms in Benelux, well within the timelines agreed with MarketXS and Telerate.
TRS is now been fully implemented in the Amsterdam, Brussels and Luxembourg dealing rooms within the Merchant Banking department. Around 700 Active8 positions based on the central TRS backbone will be rolled out, as replacement for Kobra front-ends and stand-alone Active8 and Channel positions, with data both from Telerate and from other sources being made available to Fortis users through these applications. The TRS and Active8 products are delivered and supported by MarketXS as exclusive Benelux distributor for Telerate. In addition to the Active8 positions, about 15 third-party and internal applications are being migrated by MarketXS to TRS.
The going live of TRS within Fortis Bank marks a significant milestone in an extensive project that was initiated by Fortis Bank two years ago with a view to rationalizing its market data infrastructure and moving to a single platform for its mission-critical dealing room operations. TRS and
Active8 were chosen based on technology, functionality, open platform character, pricing transparency and the supportive approach of the MarketXS and Telerate staff involved.
Cor Breur, Global Co-ordinator of the Fortis Market Data Competence Center (MDCC), comments: 'We are extremely pleased with the seamless implementation of TRS and the smooth transition. In close cooperation with MarketXS and Telerate we have been able to successfully deliver this extensive project on time and on budget. With one of the largest TRS deployments globally, Fortis Bank is keen to make optimal use of TRS as a reliable, open and efficient market data infrastructure to support the requirements of the many different users within Fortis Bank.'
Ronald Kleinveld, Managing Director of MarketXS adds: 'We are proud of the successful implementation of TRS at Fortis Bank as a major step in the long-standing strategic ambition of Fortis to create one virtual market data backbone in Benelux. As a technology provider MarketXS is strongly committed to deliver and support a truly independent data distribution platform for the performance-critical area of dealing rooms, helping banks to be in complete control of their internal and external data and interfacing to any data vendor.'