OptionsCity Software, the provider of electronic trading solutions, today announced that the company has completed conformance testing with CME Europe, a new London-based derivatives exchange (subject to Financial Conduct Authority Approval) and wholly owned subsidiary of CME Group. Upon the September 29, 2013 launch date of the exchange, and pending regulatory approval, OptionsCity will provide its clients that are members of the exchange with direct access to CME Europe.

Sathapana Limited (SPN), the leading MFI in Cambodia, has selected ECS to offer ATM and card services to their customers. The PA-DSS compliant electraSWITCH™ and electraDEBIT™ products, will power Sathapana’s endeavour to provide world-class electronic banking services to their customers. 

Solutions for Smart Order Routing (SOR) have been widely spread within the world financial market community in the past few years. Today many brokers use it as a principal technology for building trading strategies. Following the tendency as well as meeting client needs, ARQA Technologies has developed a solution to automate financial institutions operations at several trading venues to achieve a definite goal (for ex., best execution) - QUIK SOR. 

ARQA Technologies has completed the adaptation of its solutions for trading from mobile devices in the new trading regime T+. The product line includes iQUIK and iQUIK-HD which are client applications for iPhone and iPad, QUIK Android for Android devices and webQUIK Mobile which allows users to trade from any mobile phones or communicators with Internet access.

ElectraCard Services powers e-Revenue Gateway (e-RG), a payment processing and electronic transaction switching company, to launch contactless electronic payments in Nigeria.  ECS’ PA-DSS compliant platform will help e-RG to launch programs with multiple financial institutions and channels like ATM/ POS/ Internet/ Mobile on the same platform. Contactless, otherwise commonly known as “tap & go” payment cards, are more convenient to use and perfectly aligns to “Cashless Nigeria” initiative of Central bank of Nigeria (CBN).

OptionsCity Software announced that a Tokyo-based financial institution has deployed OptionsCity Metro and OptionsCity Freeway to its traders in New York and London. The OptionsCity trading platforms were adopted by the bank's energy trading operations for trading on NYMEX and its Over-the-Counter trades in Europe.

Activation of the new trading regime T+2 at the Moscow Exchange (at the main market) in March this year required ARQA Technologies, a leading ISV in automation of operations in Russian financial markets, to modify significantly its software solutions for keeping client positions with deferred settlement.

Implemented modifications cover a wide spectrum of QUIK line software products (a front-end trading platform) as well as software solutions based on QORT platform – middle-office midQORT and back-office backQORT.

ElectraCard Services announced that AB Bank, the first private sector bank in Bangladesh, has chosen ECS’s electraiTx series - the latest version of the electra payment suite to run their ATM network and process credit and debit cards. ECS has provided AB Bank with their PA-DSS certified electraSWITCH®, electraDEBIT® and electraCREDIT® solutions from the product suite.