LONDON-AUGUST 29, 2005-Iris Financial, provider of advanced trading and risk management solutions to the world's leading investment firms, today announced that Nikko Systems Solutions has chosen Iris to build its next generation fixed income trading platform.
The new solution is the successor to Nikko Systems Solutions' current bond trading solution, a system also developed by Iris Financial. The new bond risk management system will be built on Iris' innovative technology platform, CSATM (Component Services Architecture), a J2EE-based set of development technologies. It will also leverage Iris Financial's analytics engine, which Nikko Systems Solutions is rolling out as its standardized analytics engine for all fixed income technology applications.
"Nikko Systems Solutions and Iris Financial have enjoyed a long and fruitful relationship, during which we have developed and expanded our enterprise trading systems for this prestigious firm," said Michele McGovern, CEO, Iris Financial. "This new solution is driven by our most current, industry-standard technology and leverages our deep understanding of Nikko Systems Solutions' business to deliver a perfectly fitted solution."
"Iris Financial has proven time and again that they have deep understanding of the unique needs of global banks and can deliver powerful, reliable technology solutions to leading firms in that market," said Masahiro Nakajima, executive officer, supervisor of Development Management Department, Nikko Systems Solutions. "Our current Iris Financial solution has served us for several years. We look forward to launching the new solution, taking full advantage of Iris Financial's innovative technology and rich functionality."
The Iris Financial bond trading system consists of four areas of core bond trading functionality:
About Iris Financial
Iris Financial brings innovative technology solutions to the global financial marketplace. We partner with the world's leading investment firms to create high-performance, high volume, electronic trading and risk management systems. We leverage our Component Services Architecture (CSA), to develop scalable, easily integrated and tailored applications that allow our customers to seize new market opportunities, and ultimately create wealth for all stakeholders.
For more information: www.irisfinancial.com or (646) 254-2401.
