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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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