By Joe Hoppe
Arcontech Group said it has signed a new, unnamed Tier 1 bank client for its CityVision real-time market data platform, for an undisclosed sum.
Shares are up 6.5 pence, or 8.5% at 83.0 pence.
The financial market-data infrastructure and display solutions company said Friday the multi-year agreement, with an initial deployment in New York, marks the start of the relationship with a global institution that should see expansion to Europe and Asia.
“This win is especially important as it underpins management’s expectations for the year whilst reinforcing our optimism in the overall business outlook,” Chief Executive Matthew Jeffs said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
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