LONDON and NEW YORK, Jan. 10,
2011 /PRNewswire/ -- Trayport Limited (www.trayport.com), a
GFI Group company and leading provider of exchange trading
solutions, today announced that its exchange platform has full
integration with 3i Infotech's (www.3i-infotech.com) Risk
Management Solution (RMS), Surveillance (AWACS) and Order
Management System (TRADIS) and both companies will use their
combined experience to bring proven international technology to
commodities exchanges in India.
RMS is a real-time Risk Management and Post Trade Analysis System.
It also offers exchanges a real-time Surveillance System that
allows them to proactively monitor and contain risks. All major
risk parameters are monitored in real time with exception
alerts.
The bulk and retail supply of power in India changed with the introduction of the
Electricity Act in 2003. This led to open access of the
transmission network with de-licensing of captive power generation.
The Act also led to the introduction of trading as a distinct
activity as well as phased open access of the distribution network
by respective state utilities. This has provided consumers with
more choice subject to open access regulations.
As a result, power exchanges in India are now looking for proven trading
platforms with risk and surveillance systems that encourage
trading, but have a high level of monitoring and management of
risk.
GlobalVision(SM) Exchange Trading System is already being
increasingly used by exchanges worldwide. More exchanges are
looking for integrated trading and risk management systems that
improve their futures and derivatives markets. The full integration
of Trayport and 3i Infotech technologies will give exchanges in
India an advanced trading platform
while providing the best risk monitoring solutions available
today.
"Trayport's technology is fast becoming the benchmark for
European energy trading, enabling many exchange operated pure
electronic markets in power, emissions, freight, coal and gas. Now
combining advanced trading and risk management systems from
Trayport and 3i Infotech, we believe that Indian commodities
exchanges will now also gain the proven and tested tools needed to
meet the demands of a quickly growing global marketplace where new
market participants are being seen daily. These solutions have the
additional advantage of being able to scale and adapt, as the
market grows in India," said
Paul Constantinou, Head of Exchange
Sales, Trayport.
Notes for editors
About Trayport Limited
Trayport® is the leading provider of software to the global
commodity trading community. It develops, deploys and supports
quality, resilient software for trading in any asset class
worldwide in cleared or OTC markets. Trayport's GlobalVision(SM)
software is used by the world's largest trading companies in high
profile markets that include derivative and cash instruments.
Founded in 1993, Trayport has offices in London, New
York and Hong Kong.
Trayport is a subsidiary of GFI Group Inc. (NYSE: GFIG). More
information is available at www.trayport.com
About 3i Infotech
3i Infotech (www.3i-infotech.com) provides software products and
IT services for the Manufacturing, Retail & Distribution;
Banking, Financial Services & Insurance (BFSI); and Government
verticals. The Company's quality certifications include ISO
9001:2008 for BPO, ISO/IEC 27001:2005 for Data Centre Operations
and ISO/IEC 20000-1:2005 for Data Centre Management Services. The
Company has embarked on re-appraisal under SEI CMM ML 5 for all of
its major software development centres in India.
By using its domain knowledge and through continuous investment
in technologies, 3i Infotech Limited helps corporations in their
businesses through its expertise in enterprise-class software
solutions, software services, information security consulting,
system integration services, IT infrastructure and Disaster
Recovery solutions. 3i Infotech services over 1500 customers in
more than 50 countries across five continents.
Forward-looking statement
Certain matters discussed in this press release contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"might," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained
herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks
and uncertainties. These include, but are not limited to, risks and
uncertainties associated with: acquisitions by us of businesses or
technologies; economic, political and market factors affecting
trading volumes, securities prices or demand for the Company's
brokerage services; competition from current and new competitors;
the Company's ability to attract and retain key personnel,
including highly-qualified brokerage personnel; the Company's
ability to identify and develop new products and markets; changes
in laws and regulations governing the Company's business and
operations or permissible activities; the Company's ability to
manage its international operations; financial difficulties
experienced by the Company's customers or key participants in the
markets in which the Company focuses its brokerage services; the
Company's ability to keep up with technological changes; and
uncertainties relating to litigation. Further information about
factors that could affect the Company's financial and other results
is included in the Company's filings with the Securities and
Exchange Commission. The Company does not undertake to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE Trayport Limited