ESP Technologies Selects ActiveBatch(R) To Centralize Post-Trade Processing Tasks

2008-07-15 09:00:00

Job Scheduling Application Allows ESP to Manage Processing Network

MORRISTOWN, N.J.–(EMWNews)–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 ASCIs

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 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 companys

website at http://www.advsyscon.com

or call 1 973-539-2660.

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.

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.

for ASCI:
S&S Public Relations
Belinda Banks, 609/750-9110
belinda@sspr.com
or
ESP

Technologies Corp.
Erika Szychowski, 212/485 5144
eszychowski@fastesp.com

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