Capital Markets Consulting (CMC) announces a strategic change in its offerings to the financial markets.
After experiencing record consulting revenue growth in 2004 and 2005, the firm is continuing to implement its multi-year strategic plan with a focus on consulting services. CMC announces the discontinuation of software product sales and product support in order to facilitate an increased focus on CMC's core strengths. These strengths include custom software development on a consulting basis for trade execution and processing.
CMC views its customers as business partners and recognizes this transition has an impact on those firms utilizing its products. To assist these firms with a smooth transition, CMC met with each of its product customers and presented several approaches to minimize the impact. Among other alternatives, these approaches include the sale of product source code licenses or the conversion of product support to consulting support.
The CMC software products include direct order routing and market data gateways to CME, CBOT, Eurex, LIFFE, Xetra, market making gateways to options exchanges, as well as other products such as CMC's FIX engine, FIX Message Viewer, execution system test tools and order routing and market data development frameworks. CMC maintains the intellectual property rights to these software products and will continue to leverage them for consulting arrangements. CMC has always offered and will continue to offer the option to license source code for these systems.
The foundation for the company's success remains consistent. CMC's greatest assets are in the specialized skills brought to the table when delivering quality custom built trading systems. Capital Markets Consulting does this on time and on budget while serving customers with honesty, integrity and professionalism. Project based consulting work continues to be a driving force with consulting support, and staff augmentation services available for those customers that require specialized assistance.
"While we are extremely proud of our products and the satisfaction level of our customers, our corporate strategy and business goals are leading us in a different direction," said John Barun, President and CEO of Capital Markets Consulting.
Capital Markets Consulting's proprietary approach to software development focuses on processes and procedures to ensure success through accountability. CMC's consultants bring talent and expertise that combine technical skills with business knowledge of the financial industry that yield results.
"CMC's people and processes are our greatest assets. Our people have the skills, talent and knowledge that produce successful results," said Jenna Porter, Vice President of Operations.
CMC's focus on their relationships and pledge to their clients remains the same. They will continue to provide quality custom trading systems on time and on budget.