Devexperts is nominated for CNews Awards 2008

Devexperts specialized in development of comprehensive financial solutions in the field of online securities and currencies trading, has been nominated for CNews Awards 2008 in the “Expansion of the Year” category. The 2nd Annual CNews Awards Ceremony will take place in Moscow, on April 15, 2008.

The CNews magazine — the largest daily online source focusing on IT and telecommunications, is holding the 2nd Annual CNews Awards Ceremony on April 17, 2008. At the Ceremony, CNews will award the best Russian, CIS and international ICT projects and honor professionals in the field of Information and Communication Technologies.

CNews Awards is the unique event for the ICT business community. The nominees are awarded at the Ceremony by direct e-voting of the participants. The Ceremony will bring together chief executives of the leading Russian companies providing IT solutions and services and buy-side people from different industry sectors and investors interested in Information Technologies.

CNews Awards is distinguished by the fact that it evaluates not only the achievements and projects of ICT companies and specialists, but also project implementations. Any newly introduced project implementation can participate at the award Ceremony along with large and renowned projects and win recognition of the CNews Awards experts in case they will decide that this project implementation has in some way facilitated the development of Russian IT industry.

At the CNews Awards Ceremony Devexperts will introduce the thinkorswim project (vote for the project) in the “Expansion of the Year” nomination. thinkorswim, founded in 1999 and headquartered in Chicago, is a leading online brokerage company specializing in options, stock, futures, mutual funds and T-Bills trading in the major US exchanges. The company has offices in Michigan and Pennsylvania. The company supports retail and institutional traders through the trading platforms developed by Devexperts. More than 15 thousands of online users are simultaneously served by the system daily, with the total number of the registered users exceeding tens of thousands. Users can view financial instruments (shares, indexes, futures and options) changes in real time as the system processes over 500,000 new quotes per second.

The trading platform features deep integration of comprehensive tools for order execution, portfolio analysis, charting and analytics, and direct market access within the same application. Flexible and user-friendly interfaces of both front- and back-offices, as well as helpful customization settings allow for the most effective trading and brokerage practices.

thinkorswim has revolutionized the option industry by teaching and executing complex, non-directional option strategies with single-click functionality that has now become the industry standard. thinkorswim continues to evolve the financial marketplaces by delivering advanced trading solutions that benefit the customer whether they are hedging, speculating or enhancing returns.

In 2007, the Devexperts specialists developed and implemented a number of additional services for the customers of thinkorswim Inc.:

  • Special language for technical analysis indicators;
  • FOREX trading tools and services
  • Support of complex algorithmic order types
  • Integration with Internet TV.

For the year 2007, the Devexperts team released more than 10 software revisions of thinkorswim trading platform. This approach enables thinkorswim Inc. to remain one of the leading brokerage companies in the US market.

The high reliability of the thinkorswim trading platform is guaranteed by years of effective implementation and the Online Stress Test, held by Barron’s magazine in 2007. Barron’s analysts carried out the Online Stress Test when the usual trading volume on NYSE almost doubled and ran up to 4 billion shares. The thinkorswim platform has successfully passed the test and proved 99,99% overload resistance and crash tolerance of Devexperts solution. For monitoring Devexperts use Monitoring and Analysis System MARS.