Mantara Offers Flexible Deployment of expressWay Through New Broker-Dealer

JERSEY CITY, N.J., July 27 /PRNewswire/ -- Mantara, Inc., a provider of advanced technology solutions for high-frequency trading, announced that it has received broker-dealer registration approval from FINRA for MantaraX™, its new trading entity.  Established to offer clients greater flexibility in structuring access to and executing order flow through Mantara's expressWay™ trading platform, MantaraX underscores the Company's commitment to providing client-oriented approaches to delivering the benefits of its ultra-low latency trading technology.

MantaraX was established as a 'non-executing' broker-dealer for the express purpose of providing Mantara's sponsoring broker-dealer clients with a technology business model that directly supports tighter alignment of trade execution costs and associated revenue streams.  Sponsoring broker-dealer clients now have the option to apply variable costs to their trading technology based on the volume of commission dollars generated from trade executions initiated through Mantara's expressWay.  This reduces the broker-dealer's exposure to fixed upfront expenditures and monthly fees that may not be supported by commission revenue generated by their sponsored clients.

Commenting on the newly launched broker-dealer, John Power, CFO of Mantara and CEO of MantaraX, said, "We are delighted to provide our sponsoring broker-dealer clients with the ability to custom-structure their participation with Mantara for a solution that best fits their usage model and provides their high-frequency trading clients with seamless access to expressWay's leading edge execution software.  It is innovative approaches such as these that place Mantara at the forefront of the technology providers in our space."

Kevin Beadles, managing director of Wedbush Securities, stated, "We are excited to see MantaraX established as a registered broker-dealer.  We believe this will support a partnership approach that will enable us to grow our business well beyond the conventional models currently deployed through more traditional software vendor relationships."  

MantaraX, offers clients an additional channel through which to optimize order flow and to benefit from Mantara's innovative next-generation execution system.  To explore the benefits of low-latency trading through expressWay please contact [email protected]

About Mantara

Headquartered in Jersey City, NJ, Mantara, Inc. is transforming securities trading worldwide through the development and delivery of integrated, low-latency, high-speed trading and analytics solutions. With its next-generation expressWay trading platform, Mantara is positioned for leadership in the financial trading technology markets. For more information on Mantara, visit www.mantara.com.

Mantara, MantaraX and expressWay are registered trademarks of Mantara, Inc. in the United States.

SOURCE Mantara, Inc.