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Patsystems Signs Agreement for Global Interconnectivity via BT Radianz Cloud

November 01, 2011

DATE: 1 November 2011



CONTACTS:
Katherine Murray
Global Head of Marketing
Patsystems plc
+1 312 542 1313
Katherine.murray@patsystems.com

Gobnait Hallissey
PR Manager
BT Global Banking and Financial Markets
+44 (0)20 8364 9082
gobnait.hallissey@bt.com



London: 1 November 2011 – Patsystems, the trading and risk management solutions provider to the derivatives industry, has signed an agreement with BT to interconnect Patsystems XConnect hubs via the BT Radianz Cloud. Through this agreement, BT will provide Patsystems with low-latency networking infrastructure and bandwidth to facilitate seamless communication between Patsystems XConnect hubs.



By leveraging the BT Radianz Cloud, Patsystems can further optimise its global Application Service Provider (ASP) offering, Patsystems XConnect, through the use of the BT Radianz Cloud’s secure, reliable connectivity. This ultimately allows Patsystems to offer its customers a higher level of service with a 100% connectivity service level agreement.



Additionally, BT’s extensive global community of over 15,000 locations around the world compliments Patsystems’ current distribution network of trading and exchange technologies, with the ability to support Patsystems’ future expansion into new markets.



Patsystems XConnect is a high performance, fully-managed ASP solution. It is highly scalable, supporting any number of customers, with full resiliency and redundancy. It offers the full benefits of the Patsystems trading solution without the need for clients to manage or invest in hardware and related support resources. Patsystems XConnect is made up of a network of hubs located in Chicago, London, Hong Kong, Singapore, Sydney and Tokyo.



David Webber, Patsystems CEO said:
“Adopting a single cloud infrastructure provider is the next step in the evolution of Patsystems XConnect, as it enables us to provide a higher level of service to a growing number of customers.”



Andy Nicholson, president, global banking & financial markets BT, said:
“We are delighted to have signed an agreement with Patsystems to supply their global venue connectivity. Providing Patsystems with a solution for client distribution of their ASP services as well as interconnecting their data centres reflects the evolving capabilities of the BT Radianz Cloud. These advances will continue to make it simpler and more cost effective for our clients to use BT Radianz services rather than building their own capabilities.”



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About Patsystems
Patsystems delivers tailored solutions, built from modular components, to enhance derivatives trading performance and trade processing. We work in partnership with our customers to deliver robust systems that align with their business strategies. Our solutions can range from a plug-and-play module to address a specific issue, to complete high-performance trading systems with global market access. Patsystems operates from a global network of offices covering all major derivatives trading centres. Our shares are traded on the London Stock Exchange’s Alternative Investment Market (AIM). www.patsystems.com



About BT
BT is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach.
In the year ended 31 March 2011, BT Group’s revenue was £20,076m with profit before taxation of £1,717m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit www.btplc.com