Announcement
Company: EasyScreen PLC
Released 07:30 24 Apr 2002
RNS Number9774U
AKJ, Inc. signs Exchange Connectivity and Marketing Agreement with EasyScreen
EasyScreen and AKJ have signed an exchange connectivity and marketing
agreement. Under the terms of this agreement, EasyScreen will develop
software to connect its EasyRouter product to AKJ's Trade Server. This will
enable any connected EasyScreen user to access AKJ's connections to SETS,
NYSE, NASDAQ, Island, Archipelago and numerous other equity exchanges (forty
eight in total) worldwide, in addition to the derivatives exchanges already
connected by EasyScreen. The agreement will allow AKJ to provide brokerage
services to EasyScreen users for these connections and the parties intend
that AKJ will also be able to offer their users EasyScreen products, such as
the EasyTrade front-end trading screen, associated trading systems and
Solutions.
About AKJ
AKJ is a leading provider of electronic trading solutions to institutional
traders active in the financial marketplace, including banks, brokerages,
and fund managers. AKJ provides its clients with advanced, innovative
trading tools to anonymously access multiple pools of equity liquidity
around the globe quickly and easily. Serving the main brokerages throughout
Europe, AKJ clients enjoy the lowest transaction costs in the industry
today.
About EasyScreen
EasyScreen is a global supplier of Solutions enabling connectivity to
electronic exchanges and is rated as a Tier One Independent Software Vendor
(ISV) by Liffe. EasyScreen connects to the major derivatives exchanges in
the U.K., Europe, U.S. and Far East and supplies trading software to a
client base of global financial institutions, banks, brokers and trading
houses.
Commenting on the agreement:
Phillip Docker, Chairman of EasyScreen, said: "Connecting to the AKJ Trade
Server will enable EasyScreen to offer U.S. and European equities
connectivity by a single connection, saving EasyScreen both time and vast
resources compared with developing individual connections. It is made
possible by our key Solutions product, EasyRouter. Penetration into the
equities market is a significant leap and a scale-up of our product offering
from which EasyScreen can only benefit. It is intended that AKJ and
EasyScreen will cross sell products, enabling new AKJ / EasyScreen users to
benefit from the clear advantages of our joint offering."
Anders Kvamme Jensen, CEO of AKJ, stated: "Our Trade Server product provides
access to 48 equity markets in the US and Europe, and as such represent an
excellent fit with EasyScreen's derivatives products. There are no exclusive
interest or any trading against a book, and any trader has direct access to
equities in the 48 US and European markets, by a single connection. It is a
truly logical venture of which we are very excited."
