SOLARC ACHIEVES INTEGRATION CERTIFICATION FROM ICE

 

HOUSTON (NOV. 10, 2008) - SolArc, a global provider of enterprise commodity management solutions, announced today that its RightAngle solution has been certified to integrate directly with IntercontinentalExchange (ICE), a leading operator of regulated global futures exchanges and over-the-counter markets. SolArc is the first ISV to integrate with the newest ICE Trade Capture API which is based on version 4.4 of the industry-standard Financial Information Exchange (FIX) Protocol. ICE certification allows SolArc customers to directly integrate with ICE markets to eliminate data entry errors, eliminate or reduce reconciliations, reduce delays, and reduce operating costs.

 

According to Cynthia Haynie, SolArc chief technology officer, "Integration with ICE is a rigorous process that is thoroughly tested to ensure conformance with ICE markets. Through direct integration with ICE we are able to provide our customers a high level of technical and operational readiness."

 

Brad Anderson, SolArc chief executive officer, added, "Traditionally, from initiation of an exchange trade to its settlement, the process is filled with manual actions and duplication of effort. In contrast, ICE requires all trading members to use conformant software at all times when connected to the markets, and SolArc is the only enterprise commodity management solution that provides direct integration. This direct, seamless integration ensures the highest levels of real-time connectivity and accuracy so that SolArc customers have maximum insight and control into their trading activities."

 

About SolArc
SolArc, Inc. is a global provider of enterprise commodity management solutions. SolArc's integrated software solution offers customers greater insight and control over their complex commodity supply, marketing and trading environments, delivering increased operational effectiveness and profitability at lower risk.

 

Since 1991, SolArc has become a trusted solution provider for an international clientele of more than 60 leading corporations across a range of vertical industries, including energy, aviation and transportation, banking and finance, agriculture and consumer goods. SolArc is headquartered in Houston and has offices in Dallas, Tulsa, London and Singapore.

 

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.