Skyler Signs IG Group for its European C3 Aggregation Solutions

LONDON, 9th February 2009 –Skyler Technology Europe Ltd., an innovator in ultra-low latency market data solutions for the capital markets, today announced that the IG Group, FTSE 250 derivatives trading business, specialising in financial spread betting, Contracts for Differences (CFDs), FX and binaries, has selected Skyler’s C3™ Liquidity Discovery Solutions to more efficiently navigate Europe’s increasingly fragmented liquidity landscape. IG Group will deploy Skyler’s Solutions to aggregate trade, quote and full depth order book information across exchanges and multilateral trading facilities (MTFs).

IG Group will use this aggregated information to power different execution systems as well as GUI based trading clients. Skyler’s Solutions will aggregate the market data information across the European equity landscape and manage symbology mapping, aggregation logic, feed source switching and multiple data output formats in a fast, flexible and configurable way. Skyler’s C3 Liquidity Aggregation Solutions will ensure normalized, reliable, up-to-date and actionable data to be informed of the best prices and available liquidity at all times.

IG Group will benefit from faster and deeper insights into the fragmented execution landscape across Europe and turn these insights into improved execution services for its customers. In addition, Skyler’s smart, flexible and scalable solution will result in a highly robust and customizable market data infrastructure for IG Group. Skyler’s high throughput and low latency performance will ensure that IG Group can easily cope with market data spikes and throughput requirements while its processing efficiency will provide lower cost of ownership.

Valerie Bannert-Thurner, Managing Director, Skyler Technology Europe said: “We are excited to be helping IG Group leverage the opportunities available from the new MTFs across Europe. With Skyler’s centralized aggregation service IG Group will be well-positioned to gain stronger insights into Europe’s increasingly fragmented liquidity while easing the burden of market data specific logic on their trading systems. As a result, issues with trading states or data quality and reliability will become obsolete.”

Alastair Hine, Chief Information Officer, IG Group commented: “We are committed to delivering the best possible trading solution to our customers and are therefore delighted to work with Skyler to achieve our goals.”

“Their award-winning solution was compelling due to its extensive functional scope, its high level of configurability and its strong focus on reliability. In addition, the system came with a set of off-the-shelf adapters which we used to quickly integrate the Skyler C3 Aggregation Solutions into our existing market data systems. It is a pleasure to work with Skyler’s experts in the area of market data, aggregation and messaging infrastructure to accomplish our desired setup in a very short time frame.”

Skyler Technology, Inc. delivers the fastest insights for Trading. The Skyler C3 solutions provide the fastest market data analytics to broker dealers, asset managers and hedge funds. This allows clients’ trading engines to quickly process and react to the most up-to-date market data, thus triggering smarter trading decisions. Products include C3 Liquidity Discovery for the US and Europe, Tick Analytics, and Algorithmic Container Solutions. Skyler’s Liquidity Discovery Solution was recognised by winning The 2007 Banker’s Technology award for Algorithmic Trading Innovation.  Skyler Technology, Inc. is a privately held company headquartered in Concord, California with offices in New York and London. Please visit us at www.skylertech.com. For more information or to arrange a free software evaluation, please contact Michael Lenahan in the US at +1 (925) 689-9814.

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