Jun, 2001 : Loudcloud to Power Atriax Foreign Exchange Portal

📅 June 26, 2001 - Loudcloud Inc. (loudcloud.com), a leading managed service provider, announced on Tuesday that Atriax (atriax.com), the premier electronic foreign exchange portal, has contracted Loudcloud to provide managed services to its transaction and information portal.

Atriax will deliver an open marketplace for all corporate, institutional and banking foreign exchange professionals globally. An independent company backed by Citibank, Deutsche Bank, JP Morgan and Reuters, Atriax's growing membership already includes over sixty of the world's largest foreign exchange banks.
On its website, Atriax provides market data and news from Reuters, a global leader in this field, and consolidated research and currency forecasts from its member banks. The rollout of dealing services began earlier this month. Loudcloud is managing and hosting the Internet operations of the technology that will make the exchange possible.
"With an estimated daily turnover of $1.5 trillion, the foreign exchange market is by far the largest traded market in the world and often the most volatile," said Stephen Epstein, Atriax's Chief Technology Officer. "Atriax will bring together technology, information, and liquidity to deliver to the market a better way of doing business. We must guarantee our members constant availability. Loudcloud, with its Opsware automation technology, application expertise and process driven operational capability gives us the confidence to promise all our members globally that the Atriax dealing and information engines will have around-the-clock availability."
Loudcloud's Opsware automation technology provides the foundation for Loudcloud's managed Internet infrastructure services. Opsware captures and manages the numerous pieces of information, decisions and processes required to deploy, manage and grow an Internet infrastructure successfully. By automating and streamlining formerly manual tasks, Loudcloud can offer its customers better quality, scale and speed in their Internet operations.
"Loudcloud's customers include some of the leading financial services companies on the Web today," said Ben Horowitz, CEO and co-founder of Loudcloud. "Opsware technology's capabilities fit closely with Atriax's needs to scale their Dealing Engine to meet the demand, without having to manage the dramatic and inefficient expense of purchasing and managing the site's underlying infrastructure for themselves. Atriax can focus on offering their customers consolidated pricing, news and information and the best online dealing engine for foreign exchange."