StockMarketWire.com - Arcontech's CityVision system has been deployed by a major international bank.

Global roll out is continuing, with the initial phase covering Europe, North America and Asia Pacific regions. This is part of an initiative to deploy data vendor independent solutions and is facilitated by Arcontech's 'CityVision Adaptor' strategy announced in October.

It will bring revenue to Arcontech in excess of £1m over three years and is expected to provide the bank with considerable cost savings, as well as streamlining and consolidating market data operations.

Chief executive Andrew Miller said: "We've invested considerably in developing and fine-tuning our CityVision adapters; naturally, I am delighted to see that we are well on the way to recovering that investment.

"The configuration and components deployed comprise a vendor agnostic model that is repeatable across the investment banking community, giving users true choice and flexibility in their market data operations."


At 8:16am: [LON:ARC] ARC Risk Management Group share price was +0.03p at 0.12p



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