News release. Pardon me if its been posted already:
Kasten Chase Announces KastenNet Trading Access
TORONTO, CANADA January 27, 2000 - Kasten Chase (TSE:KCA) announces the
upcoming launch of KastenNet Trading Access (KTA) on February 1, 2000 at the
Toronto Stock Exchange (TSE) STAMP Technology Exhibit. KastenNet Trading
Access, part of the KastenNet service bureau, provides trading and market
information over secure, reliable, low cost network access to the TSE's
trading system via the STAMP protocol. STAMP is the Securities Trading
Access Message Protocol used by Canadian exchanges.
The TSE recently announced that as of September 1, 2000 the only access to
the TSE would be through STAMP compliant devices. Kasten Chase is the sole
supplier of PC CATS Workstations and CATS Gateways used to access the TSE's
Computer Assisted Trading System (CATS). KastenNet Trading Access allows
CATS users convenient migration to STAMP compliant access to the TSE trading
system.
The KTA Workstation has the "look and feel" of PC CATS with the addition of
advanced features such as double-click, Registered Trader functionality,
expanded Stock Watch features, and MarketBook. All TSE market inquiries
including Market by Order and Market by Price will be generated from the
TSE's Toronto Broadcast Feed (TBF). Order Log and other order-related
inquiries will also be provided.
The STAMP-compliant Gateway, licensed exclusively to Kasten Chase, was
developed by Interactive Transaction Systems (ITS) and has been certified by
the TSE. KTA will be run on KastenNet where Kasten Chase manages the
facilities and the redundant communications to the TSE. Application
Programming Interfaces (APIs) will also be provided so those firms that wish
to, can generate orders directly to the Gateway. Connectivity to other
exchanges will be implemented over the next several months.
"The initial reaction from the street has been extremely positive," said
Barbara Howard, director of financial sales at Kasten Chase. "We have
designed KTA with the breadth of functionality required to meet the needs of
the entire brokerage community. The availability of KTA through the
KastenNet service bureau appeals to the small to medium size firms, while
larger firms will license the technology to run on site."
"KTA is powered by VersaPath and is part of the KastenNet service," added
Dave Mulder, vice president and chief technology officer. "VersaPath
provides the encryption, authentication, centralized user management,
automated backup and broadcast management required to provide security and
reliability for the KTA application."
KTA is part of a family of products and services that Kasten Chase will be
introducing for both professional and non-professional traders in the months
ahead. These include KTA Order Management System (OMS), KTA Analytical
Workstation, and KTA Omni Manager.
Pricing and Availability
KTA will be available for beta testing March 1, 2000 and production in April
for as low as $350 per month per user. Site licenses will also be available.
About KastenNet
KastenNet, a service bureau, is a managed network providing the financial
community access to a suite of trading and related services. Through
KastenNet, traders have access to STAMP-compliant trading systems,
MarketBook displays, order management, analytical and supervisory
applications, and back office systems. KastenNet allows the financial
community the ability to outsource, at dramatically reduced costs, the
infrastructure required to ensure fast, secure, and reliable transactions.
KastenNet...powered by VersaPath
VersaPath enables businesses to access existing host-centric applications to
securely conduct business transactions over Internet Protocol [IP].
VersaPath e-business solutions serve as a highly secure, cost effective, and
comprehensive bridge between host-centric software applications and the
Internet. VersaPath includes the data security solutions required to do
business on the Internet. End-to-end encryption and strong authentication
ensure the protection and integrity of competitive, mission critical and
business sensitive data in an e-business environment.
About Integrated Transaction Systems
Integrated Transaction Systems Limited (ITS) is a Canadian owned and
operated company providing software and services to the financial and
brokerage community. ITS has extensive experience in trading system
development and has created a set of innovative trading system products,
including the TSE certified STAMP gateway licensed to Kasten Chase. In
addition to software development, ITS provides consulting services for the
financial and e-Commerce marketplace.
About Kasten Chase
A proven technology incubator in the data communications industry, Kasten
Chase has more than 25 years experience developing mission-critical
enterprise solutions for companies around the world. With headquarters in
Toronto, Canada and a unique customer-centric approach, Kasten Chase has
developed technology that supports key applications such as Web-to-Host
connectivity, remote access, secure communications, and network management.
Kasten Chase develops innovative solutions that enable customers to leverage
their current network investments. With technology aimed at reducing the
total cost of ownership associated with corporate networks, Kasten Chase
provides enterprise solutions to companies that use complex,
business-critical networks. Offering complete technical support and superior
customer service, Kasten Chase's customers include companies in the
financial services, government, and automotive and retail industries.
For additional information, please contact:
Barbara Howard <mailto:b.howard@kastenchase.com>
Director of Finacial Sales
Kasten Chase
Ph: (905) 238-6900 ext. 3378
John Carlesso <mailto:carlesso@streetcoverage.com>
Investor Relations
Street Coverage Inc.
Ph: (416) 504-9994 |
