Patsystems, the London-based futures and options software vendor, has formed a partnership with Pronet Analytics, an Internet-based financial application service provider (ASP). Under the terms of the deal, Patsystems’ clients will be able to link straight through to the Pronet Analytics website to access global market analysis. Patsystems is currently creating links to Pronet Analytics from all its front end products – including PTS, J-Trader and MEL.
Pronet Analytics has been providing what it describes as real time decision support services to clients including HSBC, Bank of America, CSFB, Bank Austria, RBS/NatWest and HypoVereinsbank since mid-1998. Pronet aims to provide a uniform framework for professional and institutional market makers to compare and evaluate spot FX, interest rate and other exchange-traded derivatives. This latest move by Patsystems continues its strategy of forming third party alliances. Recent partnerships include MarketSound, which provides an audio market data feed to subscribers, and Tradeworx, a US-based provider of analytical investment technology.