Enables traders to collaborate more effectively in real-time
MDX Technology (MDXT), a leading provider of real-time data collaboration solutions for the trading community, is pleased to announce LITASCO SA, the trading company of LUKOIL, has gone live with MDXT. LITASCO has embedded the solution within a custom developed pricer, which enables their traders globally, to share key pricing information in real-time with live updates and alerts.
Jerome Bourgin, Market Data Manager at LITASCO commented. “As a global business we are constantly looking for ways to improve trader collaboration which in turn will improve our overall customer service capabilities. The MDXT solution is helping us to achieve this key objective. The first phase of the implementation is being used by our traders who are based in Geneva, New York City and Singapore and can now all share the same picture of all potential transactions in real-time, before trade execution, irrespective of their geographical location. This is very important because we can now very quickly, and accurately, provide our clients with a variety of trading opportunities based on validated pricing information.”
Paul Watmough, CEO at MDXT concluded. “The relationship with LITASCO is another great endorsement of our technology and is a further demonstration of its appropriateness for the energy and commodities market. We worked closely with them to ensure the seamless integration of our components within their existing trading models. Our flexible collaboration tools including Excel, webpages, and mobile apps, were key to the overall success of the project. Leveraging the cloud ensured a speedy and cost-effective implementation process and we look forward to continuing to work closely with LITASCO in the future.”