MCO Europe Ltd announced today that it is now the exclusive European distributor for McObject’s eXtremeDB Financial Edition®, the ultra-high speed data management technology for prop- and algo-trading applications. The growing popularity of the product is due to a market-winning combination of unbeatable processing speeds and readily-available programmers.
For the past year, industry veteran Ian Hillier-Brook, CEO of MCO Europe, has been consulting with McObject and has now taken the relationship forward by establishing MCO Europe Ltd., to provide greater access to and support for eXtremeDB Financial Edition in the main financial centres of Europe. MCO Europe will also offer consultancy, implementation and development services. McObject, based in Federal Way, Washington, U.S.A. has taken a minority ownership stake in the distributorship.
Says Hillier-Brook: “McObject’s recent successes have confirmed my view that there is a great need for its products in Europe. As regulations and margins tighten it’s becoming more and more important to be able to perform exceptionally fast and efficient data processing along with real-time and historical analysis. The products are streets ahead of anything else on the market and this is the perfect time to make the commitment to the UK and Europe.” He adds: “McObject supports the most demanding teams in financial institutions and I am delighted to represent the leader in low-latency data processing.”
With a solid 14-year track record in the defence, avionics, finance and telecoms industries, the past year has seen McObject sign a number of significant financial market clients in the US. The company is taking this opportunity to build on its presence in the UK and Europe; its commitment to European markets is underlined by the investment in MCO Europe Ltd.
Steve Graves, McObject CEO and co-founder, said: “The decision to invest in MCO Europe is part of our global expansion strategy, and closely follows the recently-announced appointment of Singapore-based C3S as our distributor in Southeast Asia. Having worked with Ian for the last year we have every confidence in his ability to establish and develop MCO Europe and really build on McObject’s eXtremeDB Financial Edition’s success. Ian has many years’ experience in our target markets and has an outstanding network of contacts.”
The drivers for the success of McObject’s eXtremeDB Financial Edition include risk and regulatory requirements as well as the continuing need for ultra-fast and optimised solutions for real-time and historical analysis of market data. Unlike some legacy systems which use proprietary languages and require expensive programmers, virtually all mainstream languages (SQL, C/C++, C# (.NET), Java, Python, etc.) are supported by McObject’s eXtremeDB Financial Edition, making life far easier and more cost-effective for clients, whilst giving users access to unbeatable processing speeds.