Thursday, October 05, 2017 5.00pm/Proshare WebTV
Infoware Limited one of Africa’s leading software solutions provider, as part of its plans to leverage its market infrastructure and facilitate businesses in frontier markets like Nigeria, is partnering with Rapid Addition to drive cutting edge technology.
The CEO of Infoware Limited Mr Uwa Agbonile disclosed this at the 2017 CEO roundtable in Lagos.
Mr Agbonile said the company has evolved from the software systems and architecture to driving real-time trading platforms for its clients in the financial and capital markets, by establishing viable partnerships. Rapid Addition is a leading software solutions provider to electronic markets in the United Kingdom, North America and Asia.
Agbonile informed stakeholders that with Rapid Addition, Infoware will be positioned to utilize tech provisions for the market like ANR-Analysts Recommendations Feature, IOI-Indications of Interest and Bizchat-Business interactions, amongst others that will impact the market.
On his own part, the General Manager of Rapid Addition Mr Melvin Plumridge in his remarks at the forum said the company, has developed products that are geared towards the African market.
Based in London, United Kingdom Mr Plumridge asserted that the partnership with Infoware was apt, as it will provide opportunities for streamlining the process of trading, create more access to multiple markets and enhance the speed of network for the Nigerian and African markets.
According to him “Markets are shifting rapidly and high frequency trading will increase liquidity in the Nigerian and African markets”.
In her presentation , the General Manager of Infoware Limited Mrs Oluwafunto Olasemo asserted that the trends driving market liquidity include; stable and supportive global monetary conditions, counterpart risk constraints, local liquidity information, timely trade execution and information leakage.
She listed the following as benefits of the electronification of foreign trades; zero touch trade execution, speed and anonymity of trade, directly linking buy sides & sell sides(giving exposure to the local buy sides) and reduced transaction cost.
The GM of Infoware also shared that for Institutional Investors, the impact of technology was manifest in the value for real time market data and research by PFAs and local investors. She said currently APT and Investment One were live on the Infoware terminal.
Giving an overview of the Infoware product “ProTrader”, Omowale Babagbemi Lead Consultant, Fix Tech & Risk Management, Infoware Limited outlined as the unique value proposition- Straight through processing, Real time alerts on momentum trading index, Inter-broker communications (Bizchat), Deep market access enabled and Deep insight analytic for portfolio and risk management.
Babagbemi said the three core anchors of the “ProTrader”, were “Market Research and Analytics”, “Buyside>Sellside Realtime messaging” and Straight Through Processing Trade Execution”.
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