Swift Trade Inc. Dissolved to Embrace Changing Marketplace

TORONTO, Dec. 14 /CNW/ - Peter Beck, founder of Swift Trade Inc. and president of Orbixa Management Services Inc., today announced that Swift Trade Inc. has been dissolved.

Mr. Beck is shifting his focus to Orbixa Management Services Inc., which focuses on advanced transaction execution technology for day traders (OMSs) and regulated marketplaces (matching engines).

"The industry has changed and we have outgrown the old structure we developed for Swift Trade," said Peter Beck, founder of Swift Trade Inc. and Orbixa Management Services Inc. "We are looking forward to embracing the development and supply of industry-leading transaction technology for our current and future customers."

Among Orbixa's customers are Quote MTF in Europe and Omega Alternative Trading System in Canada, which boasts the fastest internal message round-trip time of any marketplace in Canada.

SOURCE SWIFT TRADE INC.

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SWIFT TRADE INC.

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