IBM, EFA to Deliver Financial Markets Solution
Fredrik Johnsen
IBM (White Plains, N.Y.), and EFA International Inc. (Calgary, Alberta), a global supplier of clearing and automated market solutions, have formed a global strategic alliance to deliver comprehensive order routing, trade processing, clearing and settlement solutions to the financial services industry, with special emphasis on financial and commodity exchanges, as well as alternative trading systems and electronic communications networks.
"As the financial markets evolve, the number and nature of participants is rapidly increasing. Exchanges and electronic markets must be able to handle volumes that were unimaginable only several years ago, says Elaine Sullivan, general manager of IBM Global Financial Markets Industry. “EFA's industry leading exchange, clearing and settlement, advanced functionality software, combined with IBM hardware and software technologies, addresses these high growth environments, while setting the stage for future functional and regulatory requirements."
Under the agreement, the companies will jointly market and sell EFA SEMS (Security Exchange Management System), EFA’s suite of solutions for exchange integration, as well as the Horizon, Equator, Meridian and MICA products. IBM will provide consulting, customization and integration services for joint IBM and EFA solutions, and EFA will lead with IBM hardware, software and services in mutually agreed upon markets.
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