Plug-in access to ICAM's global database of securities class actions,
bankruptcies and government disgorgements can help traders limit exposure
NEW YORK, Jan. 20, 2011 /CNW/ -- 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 mitigate risk.
"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," she adds.
"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®. 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.
©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.
SOURCE UNX LLC
For further information: Anne Aldrich, +1-312-787-1642, firstname.lastname@example.org, for UNX Web Site: http://www.unx.com