Chicago's YesTrader has released its YT Express ASP-based solution for electronic derivatives trading. The company has also announced plans to ramp up its sales and support operations in New York and London.
YT Express solution features an array of YesTrader software products that includes Trans@ct, Trans@ct: Online, and RiskWatcher risk management system.
Bill Noyes, YesTrader’s president and CEO, says the solution enables wider access to the futures and options markets. "Basically, we’ve reduced both cost and time to market by more than 75 percent," he says.
He continues: "YesTrader now provides instantaneous connection to the world’s leading financial exchanges. Because the exchange lines are already in place, a trading operation can install YT Express in a snap...Simply put, you call us, we hook you up, you trade."
The company plans to increase its sales and support staff and bolster YesTrader offices in New York and London to help introduce the YT Express offering.