Do you know haw many users we could have? $50/month x 12 x ??? = this could be BIG?
Kasten Chase announces KTA MarketBook as ILX chooses Kasten Chase
TORONTO, Feb. 2 /CNW/ - Kasten Chase (TSE:KCA) announces the availability
of KTA MarketBook, a service providing access to the Toronto Stock Exchange's
(TSE) Market Book generated from the Toronto Broadcast Feed (TBF). MarketBook
is a KastenNet Trading Access (KTA) solution provided over KastenNet, a
secure, reliable and low cost access to TBF data via the STAMP protocol.
KTA MarketBook is a service providing TSE market inquiries including
dynamic display of Market by Order, Market by Price, and Market by Broker
generated from the TBF. It is delivered from the TSE-certified STAMP Gateway
developed by Integrated Transaction Systems (ITS). Subscribers to KTA
MarketBook can view the depth of market to enhance their trading decisions.
KTA MarketBook is offered as a discrete or bundled service on a monthly fee
basis to professional and non-professional traders over the KastenNet Managed
Network.
"Once we were aware of the TSE's plans to make more market depth data
publicly available through the TBF, and having researched a number of options,
we selected Kasten Chase to become our MarketBook provider," said Mike Kuley,
vice president of technology for ILX Canada. "Kasten Chase has proven
experience in providing quality Depth of Market and STAMP access products for
the Canadian trading community. Their delivery technology and integration
capabilities will provide a seamless integration of MarketBook into the ILX
Workstation."
"With MarketBook, Kasten Chase continues to provide applications designed
for the specific requirements of the Canadian financial community including
the non-professional trader," stated Barbara Howard, director of financial
sales at Kasten Chase. "As we announce the availability of our other KTA
offerings, it will become increasingly clear that Kasten Chase is providing a
well-rounded, full-featured service in KastenNet."
"MarketBook is part of the KastenNet service," added Dave Mulder, vice
president at Kasten Chase. "KastenNet is a managed network providing the
brokerage community access to a suite of trading and related services.
KastenNet, through VersaPath, provides the encryption, authentication,
centralized user management, automated backup and broadcast management
required for the secure availability of these services over intranet or
Internet."
MarketBook 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 KastenNet Trading Access (KTA), KTA Order
Management System (OMS), KTA Analytical Workstation, and KTA Omni Manager.
Pricing and Availability
MarketBook will be available for beta testing on March 1st and for
production in April for as low as $50 per month per user.
About KastenNet Trading Access (KTA)
KTA service provides fast, secure, and reliable low cost access to the
TSE's trading system via the STAMP protocol. The KTA Workstation has the 'look
& feel' of PC CATS with the addition of advanced features such as
double-click, Registered Trader functionality, expanded Stock Watch features,
and MarketBook. The TSE-certified STAMP-compliant Gateway was developed by
ITS. KTA is offered as a monthly fee service(x) over the KastenNet managed
network. ((x) site licenses available upon request)
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 (ITS)
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 ILX
Founded over ten years ago, ILX is today one of the largest providers of
financial information systems to financial firms, banks and asset managers.
Its management team has its roots in the securities industry. ILX is comprised
of highly talented professionals who not only understand technology, but also
know the business.
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, automotive and retail industries.
-0- 02/02/2000
For further information: Barbara Howard, Director of Financial Sales, Kasten Chase, b.howard@kastenchase.com,
(905) 238-6900 Ext. 3378; John Carlesso, Investor Relations, Street Coverage Inc., Carlesso@streetcoverage.com,
(416) 504-9994
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