EPAM Helps Neptune Exceed Growth Expectations
(Thomson Reuters ONE) -
Industry-Defining Progress Supported Through Strong Technology Partnership
NEWTOWN, Pa., Oct. 26, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM),
a leading global provider of digital platform engineering and software
development services, and its client, Neptune, an open standards network utility
for the fixed income market developed by EPAM, are celebrating more than two
successful years on the market.
The first utility of its type in Europe, Neptune launched in August 2015 with a
limited set of buy-side and sell-side sponsors using the network. Today, the
network has 25 leading banks in its consortium and carries over 30,000 different
securities with over $170 billion in gross notional across 20 different
currencies.
"When we were first approached by Neptune, we didn't know how fast it was going
to grow in just two years. By leveraging our domain knowledge in financial
services, software engineering heritage and big data expertise, EPAM was able to
provide the technology backbone that allowed Neptune to scale and expand
substantially," said Mark Bisker, Senior VP of Banking and Financial Solutions,
EPAM. "We look forward to partnering and collaborating with Neptune in the
future to drive even greater growth, develop new features and enhance
innovation."
Neptune uses a FIX standard for pre-trade information flows, allowing banks and
investors to exchange controlled and targeted real-time axe and inventory data.
Asset managers using the system connect directly to the utility via a GUI, their
own in-house developed OMS, or an external OMS provider to receive pre-trade
indications from multiple banks.
Grant Wilson, CEO of Neptune Networks, commented, "We embarked on the creation
of Neptune with the objective of creating a platform that had the capability to
not only meet our immediate plans, but to give us the capacity to grow and
develop. Through their expertise, our trusted EPAM team delivered this
technology, which will help us as we continue to expand our business."
For more information about EPAM's capabilities in financial services, please
visit www.epam.com/industries/financial-services. For more information about
Neptune, please visit www.neptunefi.com.
About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE:EPAM), has leveraged its core engineering
expertise to become a leading global product development and digital platform
engineering services company. Through its 'Engineering DNA' and innovative
strategy, consulting, and design capabilities, EPAM works in collaboration with
its customers to deliver innovative solutions that turn complex business
challenges into real business opportunities. EPAM's global teams serve customers
in over 25 countries across North America, Europe, Asia and Australia. EPAM is a
recognized market leader among independent research agencies and was ranked #12
in FORBES 25 Fastest Growing Public Tech Companies, as a top information
technology services company on FORTUNE'S 100 Fastest Growing Companies, and as a
top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and
follow us on Twitter (at)EPAMSYSTEMS and LinkedIn.
About Neptune Networks Ltd
Neptune Networks Ltd is a data network which was incorporated in July 2016 with
a mission to deliver the most accurate, timely data, which both informs and
connects the bond market. Our vision is to become the destination for all bond
market stakeholders, where reliable, relevant insight enables meaningful,
transactional relationships between banks and investors. Neptune focuses on
delivery of real-time axe data from the sell-side to the buy-side via their
order management systems (OMS) and execution management systems (EMS).
Forward-Looking Statements
This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the accuracy of which are necessarily subject to
risks, uncertainties, and assumptions as to future events that may not prove to
be accurate. Factors that could cause actual results to differ materially from
those expressed or implied include general economic conditions and the factors
discussed in our most recent Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission. EPAM undertakes no obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required under
applicable securities law.
Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz(at)epam.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EPAM Systems, Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 565369
Anzahl Zeichen: 5525
contact information:
Town:
Newton
Kategorie:
Business News
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