Tibco Finance Technology Inc. announced an agreement to link its trading-room information infrastructure to Microsoft Windows NT servers.
The involvement of Tibco, a trading technology and data-integration subsidiary of Reuters Holdings PLC, boosts Microsoft's efforts to win the capital markets community over to the NT operating system.
When the Tibco deal was announced in January at Financial Markets Summit '98 in London, Hewlett-Packard Co. said it would support Tibco implementations through technical consulting and in HP NetServer systems running Windows NT.
"Together, Tibco, HP, and Microsoft will be combining their expertise to help clients achieve the benefits of straight-through processing," said Shamik Mehta, Tibco senior vice president, global sales and marketing.
"Microsoft's goal is to help customers in the financial markets achieve tangible benefits from the application of new, COM-based technology," said Microsoft vice president Charles Stevens, referring to the company's interoperability standard, called Component Object Model.
He said the integration of global trading technologies can help improve both efficiency and risk management.