News  >  Press Releases  >  ESP Technologies Selects ActiveBatch® To Centralize Post-Trade Processing Tasks

ESP Technologies Selects ActiveBatch® To Centralize Post-Trade Processing Tasks

Release date: 7/8/2008

Job Scheduling Application Allows ESP to Manage Processing Network
 

Morristown, NJ – (July 8, 2008) – Advanced Systems Concepts, Inc. (ASCI), a leading provider of system software solutions that enhance Windows, UNIX, Linux and OpenVMS systems, announced today that New York City-based ESP Technologies Corp. has selected ASCI’s ActiveBatch® job scheduling application to manage its global processing needs.  Using ActiveBatch, ESP is able to both centralize its post-trade processing scripts and schedule jobs more efficiently to optimize its processing resources.
 
ESP Technologies provides an extensive broker-neutral global order-routing network, advanced post-trade management technology and comprehensive settlement aggregation to mutual funds, life insurance companies, pension funds, asset managers and hedge funds.  ESP services are currently available in 23 markets in the U.S., Europe, Asia and Canada.
 
“ActiveBatch has enabled us to abstract our scheduling tasks to one console at our technical and operations center,” said ESP Managing Director, James Weiner.  “It has a beautiful methodology.  The display feature makes it easy to tightly schedule any number of jobs, according to any trigger, conditions or times we need.”
 
According to Jim Manias, Vice President of Marketing and Sales for Advanced Systems Concepts, ActiveBatch allows customers like ESP to schedule jobs that have dependencies.  “The advantage of using ActiveBatch is that it optimizes processing speed while giving users the opportunity to address any issues that require further action.  This is achieved by permitting the jobs to automatically run based on rules set by the user,” Manias said.
 
Designed to meet the fast-growing need for immediate, or near-immediate, information processing, ActiveBatch is an enterprise-class job scheduling product that delivers benefits ranging from better allocation and/or protection of assets to faster real-time business intelligence.  The cross-platform capability of ActiveBatch makes it possible to manage workflows on any combination of Windows, UNIX, Linux and OpenVMS systems; the application is also tightly integrated with the Windows operating environment, so users can leverage their Microsoft investment while simplifying learning and implementation.
 
About ESP
ESP Technologies Corp., THE Buy-Side Solution, provides an extensive broker-neutral global order-routing network, advanced post-trade management technology and comprehensive settlement aggregation to mutual funds, life insurance companies, pension funds, asset managers, and hedge funds.  ESP provides innovative trading and post-trade solutions and delivers rapid, secure, and customized direct market access and algorithmic routing capabilities in U.S. and global equities, options, and futures.  Brokerage services are provided by Electronic Securities Processing (ESP) LLC.  Member FINRA, SIPC, NFA.  For more information, please visit fastesp.com.
 

About Advanced Systems Concepts, Inc.
Headquartered in Morristown, New Jersey, Advanced Systems Concepts, Inc. offers many software products and options for users of Microsoft Windows, UNIX, Linux, and HP OpenVMS systems. These products provide answers to software developers and system managers requiring improved system efficiency and utilization. Advanced Systems Concepts today has over 200,000 licenses installed and a worldwide base of customers in 32 countries around the world. Advanced Systems Concepts is a Microsoft Independent Solution Vendor, a HP Software Gold Business Partner, an HP-UX Power Partner, a Sun Catalyst member, an IBM Business Partner and a Red Hat Ready Partner. For more information, see the company’s website at http://www.advsyscon.com or call 1 973-539-2660.

Copyright © 2008 Advanced Systems Concepts, Inc.  ActiveBatch is a registered trademark, and ASCI is a trademark, of Advanced Systems Concepts, Inc.  All other trademarks and/or registered trademarks are the property of their respective owners.
 

x

How can we help you today?

Chat with Us
ActiveBatch User Tech Support