Titan Chooses EZX Trading Platform and FIX Connectivity
November 29 2010 - 8:00AM
Marketwired
Titan Trading Analytics Inc. (TSX VENTURE: TTA) (OTCBB: TITAF)
("Titan") announced today that the firm has entered into an
agreement with EZX Inc. to license its iServer® trading platform
and FIX connectivity software. EZX's iServer® will enable users of
Titan's TickAnalyst™ to electronically trade signals generated for
equities, futures and currencies.
Established in 2004, EZX provides turnkey trading solutions for
over 70 hedge funds and brokers. The iServer® provides seamless
integration of FIX connectivity into proprietary trading systems
and blackbox strategy engines, enabling the execution of advanced
trading strategies through a normalized API. This allows users to
undertake development once, and connect everywhere without
additional development efforts.
EZX will also provide Titan with FIX connectivity services
including monitoring FIX order flow and performing certifications
to new endpoints. iServer® is currently FIX certified with nearly
100 brokers, exchanges, and Alternative Trading Systems globally.
Titan will host the EZX iServers® in a broker neutral co-location
data center.
"We chose EZX for a variety of reasons" stated Titan CEO John
Coulter. "FIX engines are a commodity, but most require intensive
development time on the application and connectivity side.
iServer's® simple API saved us weeks on the application integration
to TickAnalyst™. In addition, FIX session certification is
extremely time consuming and resource intensive. With EZX we are
instantly certified with every major liquidity destination
out-of-the-box. EZX will enable our engineers to concentrate on our
core products without distraction."
John Petschauer, CEO of EZX commented, "Titan's integration with
our iServer® product is a perfect example of how we work with
partners. EZX handles the trading infrastructure so Titan can keep
their resources focused on delivering great innovative products
like TickAnalyst™."
About EZX, Inc.
EZX is a leading independent provider of strategy based trading
solutions for Hedge Funds, Asset Managers, Trading Firms, &
Brokers. Our high speed, broker neutral trading platform easily
integrates directly to your Strategy/Algo engines, proprietary OMS,
Custom Trading screens, or Excel spreadsheets. EZX configures,
certifies, and supports the entire trading infrastructure so you
can stay focused on your core business. For more information on our
other products and services, visit www.ezxinc.com.
About Titan
Titan Trading Analytics Inc. is a premier provider of Behavioral
Trading Research. Trade signals are distributed via a powerful
financial analysis and electronic trading software platform which
captures and analyzes real-time market tick data and identifies
trade opportunities based on numerous historical patterns,
identified by Titan's Trade Recommendation Engine™ (TRE). Titan's
flagship product, TickAnalyst™, delivers trading signals to
proprietary trading firms and hedge funds via a cutting edge
browser-based interface. Titan Trading USA LLC is an asset
management group which services high net worth investors and is
broker neutral. Titan's internally developed products and services
are at the forefront of the high growth global investment
management and automated trading industry.
Forward Looking Statements
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the financial crisis in the US, consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the level of costs
incurred in connection with the Company's expansion efforts,
economic conditions in the industry and the financial strength of
the Company's clients. The Company does not undertake any
obligation to update such forward-looking statements. Investors are
also directed to consider all other risks and uncertainties.
Accordingly, readers should not place undue reliance on forward
looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Titan Trading Analytics Inc. Audra Tiner, Leadership
Team Articulate Communications Inc. 212-255-0080 ext. 34
atiner@articulatecomms.com EZX Inc. Greg Nadan 908-376-1446
greg.nadan@ezxinc.com www.ezxinc.com
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