SPOOZ Inc (SPZI)

[Gbathat]

interesting link about state of affairs at Patsystems... same company that has Algoserver, which is a Spooz trademark

http://moneyam.uk-wire.com/cgi-bin/articles/200902100700080476N.html


Some particularly interesting tidbits...

Within 2008 we launched an extension to our capability to support the broadest possible range of products and trading styles with an extension module to our existing SyOMS system.

SyOMS is a Patsystems tool that enables traders to execute products that do not exist on an exchange, such as a stop, time triggered or limit orders, by simulating their existence.

The new extension module to SyOMS is called AlgoServer and enables SyOMS to support a range of algorithms. The first release has a selection of algorithms provided by Patsystems but subsequent versions will enable users to introduce their own algorithms by way of our proprietary API.

In 2009 our focus will be to conclude the first live deployments of both Global Trading and Risk Monitor and to commence the first beta deployment of AlgoServer to one of our existing SyOMS customers.

----------------
Our key objectives for 2009 are as follows:

Consolidate our position within our existing customer base and leverage the opportunity from their potential rationalisation of their technology platforms to extend our position as their key supplier.

Generate new revenue streams from our range of new product offerings; Global Trading, Risk Monitor and AlgoServer.

Identify potential acquisition targets where our global sales and support capability, combined with our strong working capital and cash generation, can leverage long term growth and value.

Explore opportunities for further expansion in South America, greater China and the Indonesia & Singapore region.

----------------------------

Deployment of Global Trading, our new core offering, was delayed during the year due to integration issues and, as was reported at the half year, is not expected to contribute to revenue materially until the second half of 2009.

The latest version of Global Trading, version 1.1, is functionally equivalent to the current core of the existing system and is fully compatible with the current trading screen versions of J-Trader and Pro-Mark, as well as all of our existing exchange connectivity.

Deployments of Global Trading are scheduled with existing customers during 2009 and Macquarie Bank Limited and Morgan Stanley have contracts for its deployment in place.