Devexperts develops new trading application for KIT Finance

Devexperts specializes in custom development of trading and investment software in the field of online securities and currencies trading, has started the development of a new application – KIT Broker – for the KIT Finance investment bank. KIT Broker will include a wide range of tools provided for private clients enjoying the KIT Finance brokerage services.

Today, KIT Finance provides its clients with a choice of brokerage services including the Web-Quick trading terminal — a SMBV-IT solution for direct online access to exchange trading, and the WebBank system — a Devexperts solution — for easy online access to various payment services, noncommercial commissions, reports and analytical reviews. Some of the services require installation of specialized user-side applications; others are available via WEB-interfaces. All services include options for user authentication and authorization.

“KIT Finance offers a full range of brokerage services for institutional investors including access, transactions, investments, calculations and depositary services. We aspire to long-term cooperation with our clients and do our best to provide them with the most convenient services and communications. To achieve this goal, we have decided to develop a special portal — KIT Broker -which would incorporate all applications and services provided by our company”, — said Vladimir Tarasenko, Deputy Director General responsible for the KIT Finance business development.

An effective solution is needed to enable direct online access to all KIT Finance’s services via a standardized interface. KIT Finance has invited Devexperts to develop and implement this solution – KIT Broker — for the KIT Finance customers.

For the KIT Broker project, Devexperts will create a comprehensive front-end providing the clients with a full set of the KIT Finance services within the most popular Internet browsers. The main challenge for Devexperts is to develop the standardized system of user authentication and authorization for all applications and services integrated into KIT Broker.

“This project will enable KIT Finance to attract new customers to the company services and will facilitate company’s successful expansion into Russian regional markets,” – says Yan Stolar, Business Development Director of Devexperts.

The test period of the KIT Broker portal will start in Summer 2008, and its commercial release is planned for Autumn 2008

KIT Finance is the biggest player in the domestic debt markets among all Russian investment banks. KIT Finance offers a full range of investment banking services for institutional investors backed by some of the broadest experience of any Russian investment bank in the market. The KIT Finance corporate finance team has completed numerous M&A transactions and offers world-standard corporate advisory services.