Press release: for immediate release
Xenomorph shows commitment to US market with launch of subsidiary
3 June 2005
Data management specialist, Xenomorph, has today announced the formation of a US subsidiary, Xenomorph Software Inc., as a testament to its commitment to the US market and as part of its ongoing strategy to become a global supplier to the securities and derivatives markets. The new company has secured office premises in New York and will commence operations with immediate effect.
‘We already have a number of investment banking clients in the US as a result of contracts with their European offices, as well as some local hedge fund managers,’ says Greg Johnson, sales and marketing director of Xenomorph. ‘We feel that we now need to focus more directly on this market, which is after all the biggest financial market in the world.’
Xenomorph is excited about the opportunities offered by the New York derivatives market for its enterprise-wide solutions, particularly its TimeScape real-time database for tick-by-tick and time series data capture and analysis.
Comments Mr. Johnson: ‘We have excellent products for this market. London is very strong in over the counter (OTC) derivatives, while the US market trades in simpler products but in much higher volumes. Banks want to store every single price and analyse every aspect. Hence, the importance of real-time tick data to them. Our products need very little by way of “Americanisation”, although we will be working with local market experts to integrate US data feeds.’
The company is serious about its commitment to New York. Its office will initially be managed by Naj Alavi, current head of sales; Stuart Mason, current head of support in London; and one of the founders of the company, Mark Woodgate, who will oversee the consulting and technical side.
Says Mr. Woodgate: ‘The feedback from our US clients is that we should be in New York and that we will do very well there. Of course, it also makes it easier for us to work with the UK operations of American banks.’
The announcement will be made at the SIA show, where Xenomorph will be showcasing the new release of TimeScape.
About Xenomorph
Xenomorph is the leading provider of enterprise-wide data management and analysis solutions to the equities, fixed income, credit and derivatives markets. Xenomorph clients include global investment banks, major asset management companies and hedge funds across the world’s main financial centres, where its solutions are used by traders, risk managers, quantitative analysts, and IT and back office staff.
Xenomorph’s TimeScape solutions unite data management, connectivity and analysis, accelerating decision support, risk analysis and financial product innovation, all within a consistent framework that is able to meet the latest regulatory requirements.
Xenomorph® and TimeScape™ are registered trademarks of Xenomorph Software Limited. Other product and company names herein may be trademarks of their respective owners.
For more information on Xenomorph’s clients, services and solutions, please
see www.xenomorph.com or
contact our marketing department on +44 (0)20 7614 8600.