For release: 08:00 GMT / 09:00 CET 15th January 2007
London, UK and Dublin, Ireland, Monday, January 15th 2007:
PaceMetrics, a leading supplier of real-time Business Process Transparency solutions to the Investment Banking Sector, has today signed a deal with UK-based Dealing Systems Limited (DSL). DSL will spearhead the provision of PaceMetrics solutions in the UK. The PaceMetrics PaceMaker and Price Verification Server solutions have been implemented in a range of client projects across the world to enhance operational efficiency, to reduce operational risk and to improve customer service. PaceMetrics has major installations of its software in London, Dublin, New York, Frankfurt and Munich. The customer base ranges from several Tier 2 retail Banks to the largest of the Tier 1 Investment Banks.
DSL provide front-end decision support solutions to many of the world’s leading Treasury operations including HBOS London, Scotiabank, Svenska Handelsbanken, Credit Lyonnais, AIB, Banca di Roma as well as key money brokers such as Martins Brokers. It is primarily used within the Forex and Money trading rooms of Banks and Corporate Treasuries.
Hugh Curran, CEO of Dealing Systems Limited says “This deal with PaceMetrics is the culmination of a long association. We particularly appreciate the strength of the PaceMetrics solutions, utilising the power of real-time to bring Business Process transparency to the middle and back offices of Investment Banks. This arrangement will strengthen the service that PaceMetrics provides and gives DSL the opportunity to broaden its offering to its customers significantly.”
Gerry Giblin, CEO of PaceMetrics says “DSL represent the perfect Solutions Partner for us. DSL have extensive connections with the Investment Banking sector in the UK, together with a team that have expertise in the areas of Business Process Monitoring. We look forward to close co-operation with DSL. There is a real synergy between our customer bases.”
About Dealing Systems Limited
Dealing Systems Limited is a UK software company providing products and services to Treasury operations worldwide. Dealing Systems’ flagship product is DealXL, a set of pricing tools providing decision support to Foreign Exchange and Money Market traders.
The company licenses its products to many of the world's leading institutions - such as Scotiabank, Svenska Handelsbanken, HypoVereinsbank and AIB.
In addition to product supply, Dealing Systems provides customisation and support to ensure optimal integration of standard real-time data feeds and internal data sources.
With addition of the PaceMetrics product line, DSL extends its reach from the front office into the Back Office Processing areas
For additional information please visit www.dealing-systems.com
About PaceMetrics Limited
PaceMetrics is a leading provider of real-time business solutions for transaction monitoring, end-of-day pricing and compliance solutions to the financial services industry.
With headquarters in Dublin and sales offices in the major financial centres, PaceMetrics employs leading industry analysts, consultants, engineers and developers to implement high quality solutions for the world’s leading global financial institutions.
The quality of the PaceMetrics solution is based on a unique combination of market expertise, innovative IT architecture and skilful implementation through a team of experienced professional services consultants.
For additional information please visit www.pacemetrics.com
