| January 28, 2004 | ||
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| Traderforce and BNP Paribas to Use Radianz Extranet | ||
| Traderforce has agreed to use Radianz's global financial
extranet, RadianzNet, for the Internet Protocol (IP) network connectivity
needed to connect financial institutions worldwide to its electronic
market data service. BNP Paribas, benefiting from its existing connection
to RadianzNet, will be the first institution of many to be linked
to Traderforce via RadianzNet. Andre Kelekis, head of Market Data Projects for BNP Paribas Paris Global Information Systems, commented, "We chose Traderforce and Radianz to achieve our objectives of improving quality of service and delivering state-of-the-art security and cost savings." Jean-Michel Blanco, chairman and CEO of Traderforce said that the primary reasons for Traderforce's selection of Radianz focused on cost efficiency and time for delivery. "RadianzNet is a global network already connected to most of the financial institutions that want to use our service," Blanco said. Blanco continued, "As such, it is far more efficient from the perspective of cost and time to use this existing connectivity to reach our targeted customers than buying and waiting for bandwidth from the carriers to be installed. Time to market is essential for us." For Radianz the relationship with Traderforce will result in the addition of another important market data provider to its global financial community. "In this case as in some others, the demand from Radianz's customers for access to Traderforce was key in demonstrating to Traderforce the value of joining Radianz's global financial community," said Chris Church, Radianz's executive vice president and head of Global Sales and Marketing. Church continued, "In addition, having Traderforce on RadianzNet highlights Radianz's neutrality and strategy for all financial institutions to use its network." About the Companies Radianz is an independent company with the world's largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and services designed to meet the demands of professionals in the finance community. Radianz was established in June 2000 by Reuters (RTR.L) and Equant (NYSE: ENT) (Euronext Paris: EQU). Radianz and the lighthouse logo are trademarks of the Radianz group of companies. Traderforce is the only complete nomad platform integrating, in one single application, real-time quotes and news, keen charting tools, and fundamental analytical tools and screening in an ASP "thin-client" technology. It is as powerful as locally installed software and flexible like a website. |
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