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Chapdelaine & Co. Modernizes Municipal & Corporate Bond Trading System to the Web with Nexaweb

BURLINGTON, Mass. July 12, 2011 Nexaweb Technologies, Inc IT application modernization software solutions Chapdelaine & Co.

Established in 1966, Chapdelaine & Co. is an inter-dealer broker that provides dealer-to-dealer services for fixed-income bond executions for municipal and corporate bonds. At the core of the firm’s service is its custom, fixed-income trading platform. The terminal-based system was originally designed to support Chapdelaine & Co. traders fielding orders from clients over the phone. In order to make the system easier to learn and more productive to use for employees, and to provide self-service e-trading to clients over the web, Chapdelaine & Co selected Nexaweb to help modernize their trading platform.

In order for the next-generation trading platform to meet the firm’s business objectives, it needed to have a rich Internet user interface (UI) that pushes market data to users in real time; it also required a modular architecture that would make it easier to maintain and extend in the future. Chapdelaine & Co. selected Nexaweb to support the initiative in large part, because Nexaweb’s application modernization software aligned with their objectives so well:

– Nexaweb Studio – visually create rich Internet application UIs for traders

– Nexaweb Internet Message Bus – provides secure, two-way data transfer between the server and web browsers for real-time market data delivery, order status reporting and trade capture

– Nexaweb Reference Framework –reduces project time, cost and risk by providing a ready-to-use, modular J2EE architecture that ties new and legacy application components together and includes pre-built code for handling security, user interface interactions, workflow, SOA access, etc.

Ken Torres

Municipal Securities Rulemaking Board

Chris Heidelberger

About Nexaweb

fixed-time, fixed-price

Andrew Ellicott

SOURCE Nexaweb

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