The Visual Trader Multimarket Terminal is a front office system intended for trading rooms of banks, institutional investors and other financial intermediaries, that enable the operation on main European end U.S. markets. Easy and flexibility of use, high speed performances and completeness of functionalities are the main characteristics of this product that was launched two years ago by Visual Trader Systems.
Mr. Gabriel DomÃnguez, Visual Trader's Chairman said: "This project reflects the Visual Trader's global growth strategy and it will largely increase Visual Trader visibility outside Spain. We trust that TAS and their long experience in the Italian market will contribute to facilitate the distribution of our Multimarket Terminal among its customers".
Mr. Pompeo Busnello, TAS's Chairman, comments: "This agreement completes our Company's range of offer to customers with an outstanding technical solution, in the scenario of the excellent co-operation with Visual Trader Systems which started eight months ago by connecting our respective international routing services. We are confident that the new initiative will be successful because of the competitiveness of the solution and also because we can offer to hundred of customers a product that can be immediately integrated. In this regard, several clients have expressed their interest in acquiring the Company's product shortly"
Under the agreement, TAS has the exclusive rights to licence the Visual Trader Multimarket Terminal to its customers in Italy, and the authorisation to distribute it in France, Netherlands and Principality of Monaco, assuring in both cases the technical integration with customers' systems and providing a full support service.
VISUAL TRADER is an open, integrated trading system created by Bolsa de Madrid to offer to its brokers a single interface to access both domestic market and major international stock exchanges. Currently Visual Trader gives access to over 40 markets, and it connects 700 financial entities and 500 brokers world-wide.
Visual Trader offers two products, each of which is designed to meet different requirements:
TAS SpA, listed on the Milan Nuovo Mercato as of May 2000, is the Italian market leader in the segment of linkage between banks, brokers and the stock Exchange. TAS software enables online transfer, negotiation and settlement of stock market orders.
TAS is now expanding its business abroad through its companies in France and Spain and through a wider offer of new solutions for online trading and STP (Straight Through Processing) of Stock Exchange orders on national and international markets.
