Home Page
  Areas of Expertise
  Management Team
  Company History
  Partners
  Press Releases
  Contact Us
  Site Map

IT Software and CIG announce partnership


Easy Trade ® Risk Manager is being launched in the USA through a partnership agreement with the American Consulting company, CIG which has been the supplier of Consulting services to Wall Street.

NEW YORK, 28 February, 2011 –IT SOFTWARE an Italian Software firm with more than fifteen years’ experience in the e-finance, announced a partnership today with CIG for the marketing of its specialised products throughout North America. CIG will also support IT SOFTWARE in the installation, integration and first level support of the Easy Trade Product.

CIG has been operating in the U.S. market since 1984 providing Consulting services to the Financial Community, to such companies as; Morgan Stanley, Fannie Mae, Freddie Mac, JP Morgan Chase, Bank of New York, Citigroup, Mizuho, CSFB and other Wall Street firms.

The US market is currently focused on issues such as pre-order validation and the recent regulatory changes imposed by SEC, so the Marketing will initially focus on the Easy Trade Risk Manager which addresses those issues.

The Easy Trade product is able to perform complex assessments of a portfolio in less than 200 microseconds which makes it particularly suitable for use both in contexts of pre-order validation as well as a tool for post-trade risks monitoring.

"The Partnership with CIG is essential for IT SOFTWARE because it comes at a time when the U.S. market is addressing the issues that Easy Trade Risk Manager deals with very effectively and efficiently. “This agreement is also part of IT SOFTWARE’s global growth strategy that we believe CIG will help accelerate to bring to market and support effectively in the US, the Easy Trade Product”. Mirko Marcadella Managing Director of IT SOFTWARE said.

Joseph Feldman Executive VP in CIG says: "The risk issue is on top of our customers’ Agenda that is why we believe they would immediately benefit from the implementation of the IT SOFTWARE solution that combines functional richness at ultra high performance. We are two companies with strong and extensive expertise in the financial market, our deep understanding of the technology and knowledge of finance is the reason we are confident that our partnership will be successful. "

About CIG CIG provides management and system consulting services to the financial industry, and in particular, specializes in servicing businesses requiring in depth knowledge of securitization and risk management. Through market and technical knowledge, CIG provides practical, customized and cost-efficient solutions to meet specific client needs, encompassing solutions that cover all aspects of the trading environment. For more information, please visit http://www.ciginc.com.

About IT SOFTWARE The Technancial Company- is focused on designing and developing cutting-edge solutions to satisfy the needs of the most sophisticated financial institutions. This comprehensive solution is able to manage the whole chain, from trading to middle-office, satisfying the requirements of the most demanding global financial groups. The Easy Trade™ platform, currently installed successfully throughout Europe, Israel and South Africa, supports integrated functionalities for Smart Order Routing, Order Management, Market Making, Trading, Risk Management and Electronic Matching and is complemented by the RADAR compliance tool. One of IT SOFTWARE's leading products - Easy Trade™ Risk Manager - is used by major international banks to validate orders in pre-trade mode and monitor risks using post-trade features, assessing each portfolio position in real time, measuring relevant risk limits, margin requirements and regulatory filters. Furthermore RADAR is IT SOFTWARE’s solution to monitor market abuse. It has been adopted by relevant institutions across Europe.

Contact:
Chiara Bonomi
+ 39 334.1124956
+ 39 02 58343.1
chiara.bonomi@email.it
www.itsoftware.it


« back  |  Home  |  top ^  
Copyright © 2011 CIG All rights reserved