ePulse and Lightstreamer team up to increase productivity in OTC markets

London, UK -- June 20, 2005 -- London-based trading software vendor ePulse Ltd and Milan-based “Push technology” vendor Lightstreamer have signed a strategic partnership agreement to meet the growing demand for real-time price delivery based purely on HTML browser technology in the OTC markets. According to Barry Patel, ePulse’s Sales and Marketing Director, trial installations are in progress at a number of key OTC brokers.

“We are continuing to enhance our OTC trader offering and Lightstreamer will form a key component in our OTC trading product suite”, says Barry Patel ePulse’s Sales and Marketing Director. “It will provide the ability to distribute real-time rates via browser-based solutions. Our approach which uses Instant Messaging as a delivery vehicle for real time streaming prices, has the capability to significantly improve liquidity and order flow in the OTC commodities markets” he adds.

Lightstreamer is a web push engine for live data distribution. It streams real-time data to an HTML browser without the need to download or install anything on the client and with its flexible ‘Java powered’ architecture it can easily be integrated into existing platforms. Lightstreamer’s simple use of HTTP and HTTPS delivers live data in a light and efficient manner; implements bandwidth control techniques, passes through any proxy or firewall and updates only the selected 'pushed' HTML data without an entire page reload.

“We are delighted that ePulse has chosen both to integrate Lightstreamer in their OTC platform but also to act as a strategic partner to carry out systems integration work in the UK/I region” says Simon Walmsley Vice President of Sales at Lightstreamer. “Their track record and experience of trading systems will prove invaluable to us and ePulse is already trialling the product with some key organisations in the OTC trading market.”

OTC trades are privately negotiated contracts between two counter-parties often with a number of cross-market components. In recent years these markets have seen substantial growth in volumes and now represent a major source of Financial Institutions’ revenues. Unlike well-defined exchange traded instruments such as stocks, each trade can be unique and only be processed by communicating and exchanging all the economic components of the trade.

About ePulse
ePulse was founded in 1998 to provide solutions and services to organisations trading in the global financial and commodities markets. In 2004 ePulse attained the Deloitte Technology Fast 50 list of fastest growing technology companies. This is in addition to their 2002 and 2003 listing on the prestigious Sunday Times Tech Track 100 list as one of the fastest growing technology companies in the U.K.

About Lightstreamer
Lightstreamer was originally developed by the Financial Systems Integration activity of privately held Par-Tec SpA group (founded in 1998). In 2004 a separate company was formed within the group as an ‘ISV’ to provide Lightstreamer 'Push' middleware solutions for streaming real-time Market Data, or any live information, to web browsers and custom application clients.