eSpeed Acquires TreasuryConnect
The purchase adds increased functionality for the trading of illiquid and derivative products, such as interest rate and currency swaps, to eSpeed’s full-service software solutions offering. eSpeed’s range of software products enable licensees to offer their own prices for products and/or services to customers over eSpeed’s global private electronic trading network or over the Internet. TreasuryConnect products feature sophisticated, reliable technology and systems integration mechanisms that are customizable to any business or marketplace. eSpeed trading technology software is currently utilized by some of the world’s leading companies in some of the most demanding markets. TreasuryConnect’s trading platform was developed by traders and system professionals and allows end-users to obtain simultaneous price quotes from multiple dealers in real time, and then execute a transaction online. The technology also offers direct back-office links for straight-through processing, documentation solutions, historical data, research and analytic tools to facilitate trading.