UK middleware company OpenTrade and Frankfurt's Orimos Financial Analytics have signed an agreement to integrate their Orbita and Sonaris products. The agreement allows Orimos to use Orbita as the middleware backbone for its Sonaris real-time pricing system.
Sonaris Bond Pricing System, Orimos' flagship product, is currently installed at a number of leading European financial institutions including Credit Suisse, Dresdner Bank, Helaba and UBS.
Orimos CEO, Guido Hagemann says Orbita was selected because of its speed and reliability. The Sonaris Bond Pricing System routes prices directly to data feeds or to electronic trading systems, including Internet based trading applications.