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  • Press Releases
  • Monday 5th November 2012

Totan IT selects MDX Technology

MDX Technology Ltd (MDXT), the provider of real-time market data connectivity, sharing and publishing solutions, today announces that Totan Information Technology (Totan IT), a leading provider of Japanese OTC market data, has selected MDXT Connect for publishing its market data prices.

MDXT Connect will further enhance Totan IT’s platform for publishing pricing data to its clients helping them with their investment strategies. The new product will provide Totan IT with the ability to respond more quickly to market changes, faster pricing and ultimately for better execution. It will also allow Totan IT to have a flexible platform for building, maintaining and publishing its prices to market.

Richard Gissing, Co-founder and CTO, MDXT, stated: “Totan IT ’s requirement was to create their price pages from a mixture of static data and real-time prices published from an internal system, and to publish these pages onto their market data platform as prices changed. Working with a great team at Totan IT, we were able to create, demonstrate and install a prototype solution very quickly. Several weeks of on-site testing followed, during which the prototype was refined into the finished solution. We look forward to continuing our relationship with Totan IT.”

“Customer service is a top priority for Totan IT,” said Kiyomi Saito, CEO at Totan IT. “To meet the high standards we set for ourselves, it is critical we can respond to our clients pricing requirements quickly and efficiently. By using MDXT Connect, we can capture our prices internally and publish them externally with ease, increasing the opportunity for our brokers to execute. We look forward to continuing to work closely with Richard Gissing and his team.”

“We are pleased Totan IT has selected MDXT for their publishing needs. One of the key elements was our global partner network giving local language support and our ability to demonstrate that our software was not only flexible but highly configurable for their specific requirements, giving them a scalable and cost-effective solution. Our ability to work closely with Totan IT and understand the local market needs was a major factor in the success of this project. We see the Asian market as one of the key areas of expansion for MDXT Connect as we continue our discussions in the region”, said Paul Watmough, Co-founder and CEO of MDXT.