eSpeed Delivers New Faster Eurex Market Data for Ecco Customers
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eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic
marketplaces and trading technology for the global capital markets,
announced today the availability of its new connection to Eurex’s
recently upgraded market data feed for users of its Ecco product suite.
The new ‘Eurex Socket Data Feed’
is a high performance data feed through which Eurex distributes market
data in the form of un-netted price chains for order book depth in
real-time, offering significantly faster throughput times.
Primarily designed to meet the needs of algorithmic trading and wider
automated trading in general, the feed gives EccoPro users ultra-fast
data across all trading modules including the EccoSpreader and ‘black
box’ trading applications written to the
EccoAPI. The result is lightning- fast responsiveness and less slippage.
David Hall, Global Head of Sales at eSpeed Futures, said "The
upgraded data feed puts Ecco’s high-frequency
spread and automated trading customers even further ahead on speed.
Combined with powerful trading tools, such as the EccoSpreader, the new
feed gives our customers even more competitive edge.” About eSpeed, Inc.
eSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and deploying
electronic marketplaces and related trading technology that offers
traders access to the most liquid, efficient and neutral financial
markets in the world. eSpeed operates multiple buyer, multiple seller
real-time electronic marketplaces for the global capital markets,
including the world's largest government bond markets and other fixed
income and foreign exchange marketplaces. eSpeed's suite of marketplace
tools provides end-to-end transaction solutions for the purchase and
sale of financial products over eSpeed's global private network or via
the Internet. eSpeed's neutral platform, reliable network,
straight-through processing and superior products make it the trusted
source for electronic trading at the world's largest fixed income and
foreign exchange trading firms and major exchanges. To learn more,
please visit www.espeed.com.
About Ecco
Ecco provides software solutions to the electronic trading industry
worldwide. Ecco develops and supplies highly functional order execution
interfaces, risk management solutions and scalable messaging solutions.
Ecco's trading and risk management solutions are multi asset class
including Futures, Equities, US Treasury Bonds and FX.
For more information visit www.eccoware.com.
Discussion of Forward-Looking Statements by eSpeed, Inc.
The information in this press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Such statements are based upon current expectations
that involve risks and uncertainties. Any statements contained herein
that are not statements of historical fact may be deemed to be
forward-looking statements. Our actual results and the timing of certain
events may differ significantly from the results discussed in the
forward-looking statements. Factors that might cause or contribute to
such a discrepancy include, but are not limited to, our relationship
with Cantor Fitzgerald and its affiliates, the costs and expenses of
developing, maintaining and protecting our intellectual property,
including judgments or settlements paid or received and their related
costs, the possibility of future losses and negative cash flow from
operations, the effect of market conditions, including trading volume
and volatility, our pricing strategy and that of our competitors, our
ability to develop new products and services, to enter new markets, to
secure and maintain market share, to enter into marketing and strategic
alliances, to hire new personnel, to expand the use of our electronic
system, to induce clients to use our marketplaces and services and to
effectively manage any growth we achieve, the effects of the attacks on
the World Trade Center on September 11, 2001, and other factors that are
discussed under "Risk Factors" in eSpeed’s
Annual Report on Form 10-K filed with the Securities and Exchange
Commission. We believe that all forward-looking statements are based
upon reasonable assumptions when made; however, we caution that it is
impossible to predict actual results or outcomes or the effects of
risks, uncertainties or other factors on anticipated results or outcomes
and that, accordingly, you should not place undue reliance on these
statements. Forward-looking statements speak only as of the date when
made, and we undertake no obligation to update these statements in light
of subsequent events or developments. Actual results and outcomes may
differ materially from anticipated results or outcomes discussed in
forward-looking statements.
