Gateway 2 beta has been released this Summer to a number of client sites in London and New York. The level of feedback has been good, with a number of clients showing great interest in switching to GW2. ITRS development has specifically allocated resources to the beta programme and has been able to provide fast turnaround to issues raised.
Production release date for GW2 will depend on the level of exposure the beta version receives in the field and the level/severity of the issues raised. So far it looks promising and we expect to make an announcement in Q4 2008.
Major US Exchange confirms deal with ITRS, 06 October 2008
6 October 2008, New York: ITRS has today announced that the National Stock Exchange, Inc. (NSX®) has now gone live with ITRS Geneos. NSX is widely regarded as a technical innovator and high end user of financial technology having introduced a new, state-of-the-art technology platform in 2006.
In the run up to the go live date ITRS was working closely with NSX to ensure that Geneos was fine-tuned to meet NSX’s very specific requirements. One of the most attractive aspects of Geneos that prompted NSX’s choice is the fact that it is designed specifically for the exacting demands of the financial industry. It is an environment in which standard infrastructure tools would not be capable of providing the required level of control, sophistication or a consolidated view of the whole company.
Saro Jahani, CIO of NSX, believes that there are even greater demands placed on exchanges than the financial institutions they serve, and any problem at an exchange could quickly lead to customers moving elsewhere. In Jahani’s experience reactive [system] management simply wouldn’t work in NSX’s environment. To be of any value it must be proactive, intelligent and specifically designed for the financial markets. Jahani says: “ITRS Geneos sees issues before they become problems and just one or two clicks will take you to the source of the issue. Geneos is extremely flexible and has configurable rules, so my staff and I can be instantly notified of issues in almost any way we choose – email, text, pager, even flashing light bulbs.”
The exchange is now using Geneos in most areas of the organisation, across systems, applications and infrastructure with latency monitoring being one of the most important applications. Jahani says that Geneos has been such a success that the exchange is now looking to extend its uses to other areas of their infrastructure. NSX is currently working with ITRS on special features for their Geneos implementation and will be the first financial institution to benefits from the new developments.
Says Stephen Bates, CEO of ITRS: “This has been a very interesting implementation for us. It is always satisfying to see a client who gets so much benefit out of Geneos. We are currently in the process of helping NSX to further extend their use of the product with some new functionality. I am delighted to be working with the exchange because of its high standards and innovative approach to technology.”
New Active Console rolling out at major customer sites, 30 June 2008
The new Geneos GUI “Active Console
2” has been in production since February 2008 and is now being rolled out
globally by a number of major clients. This is a free upgrade available to all
ITRS customers and offers a significantly improved user interface, new
functionality and better performance.
Another financial year reaches its end, 29 March 2008
“With all the turmoil in the market and a drop in the Dollar of 12.5% the year as always going to be interesting!” commented Stephen Bates – ITRS Group MD
“Having said that revenues will close up around 45% - 50% over last year. The loyalty of our customers and significant new business wins have contributed to this performance and are greatly appreciated. The relationship we enjoy with our clients is truly exceptional, it makes my job so fulfilling. I would like
to offer my thanks to them all ” he continued.
“Clearly some business has slipped but in the circumstances we are delighted ith such a strong performance. The current pipeline of business suggests that our revenues next year will again grow by around 50%”.
“What is particularly encouraging for the Company’s longer term is the size of pipeline for new clients, added to this our new products will add significant depth to our product offering and open up even more doors.”
New York Office Relocation, 08 June 2007
As of Wednesday June 6th, our New York team has moved into brand new offices on Broadway, in the heart of bustling Soho. Please contact them at the following:
ITRS America Inc, 611 Broadway, Suite 907D, New York, NY 10012, USA
