Paddy Power Trader Goes Live with New Ariel Platform25th November 2009 7:31 am GMT
Having been commissioned to replace Paddy Power's existing flash-based financial trading system, Ariel Communications has completed the successful delivery of its next generation multi asset trading platform to Paddy Power Trader.
As a major white-label of London Capital Group, Paddy Power's new trading platform was delivered on time and on budget, with the new offering from Ariel launched earlier this week featuring a brand new web-based front end with a wealth of new features including faster trading and multiple trade tickets.
"This was an extremely efficient, hassle-free upgrade. We have been collecting feedback from our customers, most of whom are retail investors, and have received overwhelmingly positive commentary on the new platform," said Simon Denham, Chief Financial Officer of London Capital Group.
"It offers customers a much richer interface, faster pricing, multiple views, multiple trade tickets as well as tear-off windows."
Angus Clacher, CEO of Ariel, added that it was important that the new multi asset trading platform was delivered by Ariel in a short timeframe and without interruption to Paddy Power's operations.
"The project was completed in 8 weeks and there was zero downtime, which is essential for a business like Paddy Power Trader which trades 24 hours a day," said Clacher. "I'm extremely proud of the people at Ariel and the leading technology we produce. This implementation is testament to their skill and experience with Multi Asset Trading Platforms."
Shares in Paddy Power plc (Co. Profile) (LSE:PAP) are currently trading at €24.31 per share in London this morning.