News

Acquisition of ASPone Networks by IPC leads to new Opportunities for ASPone Financial Systems Business

The networks division of ASPone has been acquired by IPC Systems Inc. of New Jersey, as described in the attached press release.

 

Patrick McGrath, CEO of ASPone Ltd noted “our customers can be assured that our well respected systems for STP and trading workflows continue to attract new interest. Our recent transaction with IPC under which the ASPone networks division will become part of the IPC networks group is anticipated to open up new synergies for ASPone Ltd in areas of networks interconnect and tools for compliance management”.


The systems division of ASPone Ltd is not part of the acquisition and will continue to provide financial applications and services including:
• Deal Entry for fast capture of voice trades into STP notification services such as TRTN
• Integration services utilising the ASPone Transaction Routing Hub (TRH)
• Hybrid execution platforms including the Price Matching System used for trading and auctions of FX Options and other derivatives
• FX management and cross-border payment technology

WE ARE MOVING OFFICE!

ASPone in London is taking the opportunity to move a short distance to a new office location to give us more up to date facilities.

 

From Monday 20 April we will be located at:

 


Lloyds Chambers
5th Floor, Office N
1 Portsoken Street
London
E1 8BT
Tel: 0203 818 0900

ASPone and Red Hat agreement established

ASPone are now accredited as an Advanced Level Business Partner with Red Hat Inc. who are the recognised leader in commercial support of open source technologies. ASPone are an ISV partner and make particular use of RED Hat products such as FUSE middleware in delivering customer projects.

 

Sina Hakman, Chief Technology Officer at ASPone notes that: “ASPone has extensive experience of partnering with internationally recognised technology component suppliers, enabling us to build world class solutions for our financial markets clients. The Red Hat range of technologies neatly compliments our own systems and services and will enable us to extend the unique scope of services we offer.”

 

ASPone and the National Autistic Society announce 2015 IFS Golf Day

POSTPONED – Unfortunately the IFS Golf Day planned for 1 May 2015 has had to be postponed due to circumstances beyond our control. Please look out for details of a new date when it is rearranged. Meanwhile please continue to support the important work done by the National Autistic Society.

ASPone are very pleased to announce the return of last year’s hugely successful International Financial Services Golf Day, taking place on the 1st of May at the London Club in support of the National Autistic Society.

 

Last year’s event was a great day for all, raising awareness for an excellent cause, providing great networking opportunities and most importantly contributing in no small way to the £50,000 overall total raised for the National Autistic Society by ASPone.

We received some great feedback from attendees, complimenting everything from the speakers to the overall organization of the event.

 

This year looks set to be even bigger, and we’re thrilled to once again have the chance to help such a worthy cause. One of our guiding corporate principles is our ambition to be a caring and socially responsible company, and we think working with the National Autistic Society is the perfect way to fulfill this.

ASPone and Earthport in technology alliance

ASPone Ltd, provider of financial networks, trading applications and solutions for the financial markets are pleased to announce a partnership with Earthport plc. that will see us develop a range of transaction systems to support Earthport’s expanding portfolio of payments services.

This reinforcement of our customer-supplier relationship sees us entering into an agreement whereby Earthport will procure a 45% stake in ASPone in four years’ time. We see this as a strong vote of confidence in our long acknowledged technical capabilities which derive from our teams in Europe and Asia. This new stage in an established relationship will see us developing new strategic capabilities, building on the momentum that Earthport has created with several new blue-chip client signings in recent months. In tandem Earthport will be seeking to leverage our sophisticated and highly scalable development capabilities to better serve its existing and future clients, and continue to enhance the functionality of its leading payments platform.

The existing ASPone network and trading system business lines will continue to operate alongside the burgeoning payments systems business, providing a balanced portfolio of technology services for a range of financial markets.

Patrick McGrath, CEO ASPone said:

“This addition of Earthport plc, a major player in the cross border payments market to the existing list of premium financial institutions who partner with ASPone networks and systems for their business is a seal of approval for our business vision. It is especially encouraging that Earthport saw fit to evolve their position as a client to become a shareholder in ASPone.”

 

Hank Uberoi, CEO Earthport, said

“Our reinforced partnership with ASPone will allow us to leverage their technology assets more extensively to better serve our customers and to achieve scale at pace. In addition, we believe that the financial terms secured provide a prudent level of protection whilst also reflecting our belief in the strength of the ASPone team and offering. We have had a strong working relationship with ASPone for some time; going forward, we look forward to further solidifying this relationship and working more closely together to service our global clients and, in some cases, accelerate their ability to adopt our solution.”