UNX Partners With International Class Actions Management to Offer Unique Data Services to UNX Catalyst(R) EMS UsersBy Unx Llc, PRNE
Wednesday, January 19, 2011
NEW YORK, January 20, 2011 - — Plug-in access to ICAM's global database of securities class actions,
bankruptcies and government disgorgements can help traders limit exposure to
UNX LLC (www.unx.com), a leading provider of innovative trading
technology solutions, is partnering with International Class Actions
Management (ICAM) to integrate ICAM's securities data and research services
into the UNX Catalyst Execution Management System (EMS).
ICAM provides data, support and outsourcing services to leading financial
institutions to help them effectively and efficiently manage the impact of
securities class action claims and other adverse events. Their proprietary
global data collection includes up-to-the-minute coverage of securities class
actions, bankruptcies and government disgorgements.
The two firms are developing a plug-in that will feed ICAM services
directly into the Catalyst EMS, providing additional risk management
capabilities to the trader. This will allow traders to query ICAM's database
for past and pending events that could affect any security they intend to
trade or hold.
By introducing this added level of transparency at the point of trade,
UNX aims to help its clients make more informed trading decisions and
"An integral part of the UNX Catalyst value proposition is collaborating
with other premier providers to deliver unique offerings that can improve the
decision-making process for the trader," explains UNX Global Head of Product
Management Ruth Colagiuri.
"With Catalyst's broker-neutral, open-technology framework and advanced
Software Development Kit (SDK), the sky's the limit as to what UNX and our
partners and clients can develop for the institutional trading community,"
"ICAM recognizes UNX's unique platform as innovative and ideal for
delivering our message to the industry decision makers," affirms ICAM
spokesperson David Monks. "We look forward to a productive working
relationship with UNX and delivering up-to-date information to those who need
to know as it happens."
Available to clients, broker-dealers, exchanges and third-party
application vendors to develop applications or add-ins for use in Catalyst,
the UNX SDK includes multiple open APIs that provide access to thousands of
callable functions and support a broad range of programming languages. Users
can quickly add functionality, update their offerings and integrate
applications without having to involve the UNX development staff and incur
additional development costs.
About UNX LLC
Founded in 1999, UNX is an independent trading technology firm and agency
broker that provides advanced electronic trading technology for the
institutional trading community through its open-architecture platform
Catalyst(R). A broker-neutral offering, Catalyst streamlines multi-broker
trading workflow and serves as an efficient delivery mechanism for
broker-dealers and third-party vendors to distribute and update their
offerings to clients. UNX has offices in New York and Los Angeles.
(c)2011 UNX LLC Member FINRA/SIPC. All rights reserved. UNX and Catalyst
are registered trademarks of UNX LLC.
At ICAM, our purpose is to recover disadvantaged security assets by
providing strategic advice, world-class implementation and a range of
objectively researched, institutional-quality investment recovery data and
services. We deliver our products by working with many of the leading
financial services organizations throughout the world.
Anne Aldrich, +1-312-787-1642, media at unx.com, for UNX
Tags: January 20, New York, Unx Llc