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FOR RELEASE WEDNESDAY, MAY 12, 1999
Octet First Large Project Wins its Partner
American Venture Spring 1999 Award NEW YORK, NY
- Octet Media (http://www.octet.com),
an American Internet-based solutions provider with a large
development office in St. Petersburg, Russia, celebrates
direct hit - not only has its first large software development
project (http://www.fx3k.com)
been successful, but also it won Oxford Global Network,
Ltd. prestigious American Venture Award (http://www.avce.com).
FX3K or Foreign Exchange 3000
will revolutionize the whole arena of foreign currency trading
and dealing. Now, anybody with a door to the Internet can
also have a window in foreign exchange! Foreign exchange
is no longer the domain of a few wealthy, but a realm of
many adventurous.
FX3K democratizes trading even further,
all a person will need is a nimble mind and an Internet
access. The system, essentially, provides end users with
all the necessary functionality in one integrated environment
- powerful real-time charting and analytical tools, order
processing, back office, and chat. Dealers' interfaces allow
for real-time price generation, order processing, real-time
back office and risk analysis functions, allowing dealers
to process and respond to multiple users' requests simultaneously.
However, the real power of the system lies
in its capability to link various counterparties and clearing
firms and route clients' orders to their respective dealers
and counterparties, providing clearing services to member
firms and serving as an exchange to its members.
Says Stan Mashov, the inventor of the system
and a Vice President of Oxford Global Network, Ltd.:
"Together with our partner counterparties and developers
we hope to bring a fundamental change to the whole industry.
In the unregulated realm of foreign exchange dealing there
is a tremendous need for a single uniform platform that
will link various foreign exchange members including counterparties
and their clients, at the same time providing all participants
with turn-key Internet solutions as well as accountability,
risk management and transparence."
"Of course, the project would not be possible without the
meticulous work of Octet developers",
says Stan Mashov.
"Their creativity and hard work turned this great idea into
a yet greater reality."
Octet Media is an American information technology company
with two development offices in Russia. Octet provides "turnkey"
systems programming and interface design and offers complete
and creative packages of integrated Internet-based solutions,
from the latest in WWW technology and design, modern networks
and network services, database integration and electronic
commerce to hosting and servicing.
For more information, reporters may contact:
Octet Media
212-475-6393 (office)
info@octet.com
Stan Mashov - Vice President,
Oxford Global Network, Ltd.
212-624-1940 (office)
info@fx3k.com
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