And more still, gets boring, eh?
BasisXchange(TM) Powers CanDeal's Electronic Bond and Money Market Trading Solution
PR Newswire - Wednesday June 27, 2001
Endorsed by Canada's top banks, Basis100 extends and solidifies its
market position
TORONTO, June 27 /PRNewswire/ - Basis100 Inc. (TSE: BAS), an e-commerce technology solutions provider for the financial services industry, today announced that the company's BasisXchange(TM) trading system will power CanDeal's institutional electronic bond and money market trading platform. Basis100 is one of the founding shareholders of CanDeal, along with six leading Canadian banks. The CanDeal service will transparently streamline and automate bond and money market trading in Canada.
"The BasisXchange(TM) technology demonstrates our dedication to delivering powerful solutions that solve complex issues in the financial services industry," said Gary Bartholomew, Chairman and CEO of Basis100. "This venture solidifies Basis100 as a premier e-commerce application partner to the top Banks in Canada and further endorses the company's ability to develop and deliver new industry-class solutions for the financial services industry."
"We have chosen Basis100 as our technology partner to deploy this significant industry initiative," said Jayson Horner, President and CEO of CanDeal. "Their solution is industry-class and will give participants the ability to rapidly deploy a trading model that directly benefits the Canadian market."
BasisXchange(TM) consolidates real-time feeds from the leading Canadian dealers in order to display best market prices, which allows for dynamic online trade execution. It is designed to trade the complete range of money market and fixed income products providing increased efficiency. BasisXchange(TM) is built on Basis100's POWERBASE(TM) platform.
About BasisXchange(TM)
BasisXchange(TM) is a powerful and flexible set of trading technologies that consolidate real-time pricing from multiple dealers, allowing for dynamic online trade execution. It can be quickly deployed to create electronic trading marketplaces that increase a participant's revenue while decreasing operating and administrative costs. The BasisXchange(TM) core modules provide a rich set of trading, pricing, account management, settlement, reporting, and business rules functionality and can be customized to handle different asset classes, global or regional markets and different market channels.
About CanDeal
CanDeal is located in Toronto. Its mandate is to provide increased efficiency and transparency within the Canadian fixed income markets. Shareholders are BMO Nesbitt Burns, Basis100 Inc., CIBC World Markets Inc., MoneyLine Network Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
For more information on CanDeal, please visit the company's Web site at www.CanDeal.ca.
About Basis100
Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service vendor markets across North America.
For more information about Basis100, visit www.Basis100.com.
Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events
or performances are forward-looking statements. Any statement containing
words such as "believes", "plans", "expects" or "intends" and other
statements which are not historical facts contained in this release are
forward-looking, and these statements involve risks and uncertainties and
are based on current expectations. Consequently, actual results could
differ materially from the expectations expressed in these forward-
looking statements.
SOURCE Basis100 Inc.
/CONTACT: MEDIA RELATIONS - CANADA: Diana Robinson, Media Relations,
Basis100 Inc., (416) 368-8998, drobinson@opsis.ca; MEDIA RELATIONS - UNITED STATES: Cris Peters, Media Relations, Basis100 Corp., (678) 781-7228, cpeters@basis100.com; INVESTOR RELATIONS: Jeff Patterson, Vice President & General Manager, Canadian Division, Basis100 Inc., (416) 364-6085 Ext 113, jpatterson@basis100.com; MEDIA RELATIONS - CANDEAL: Jayson Horner, Media Spokesperson, CanDeal, jhorner@candeal.ca/ |
