TANTAU Wireless Internet Platform to Serve as Basis for Credit Suisse WAP-Brokerage
Credit Suisse service allows customers to order and sell securities by mobile phone in real-timeCustomers of youtrade, the online brokerage service of Credit Suisse, now have the ability to conduct their business on the Frankfurt, New York and Zürich Stock Exchanges via WAP-devices. One of the prerequisites for the use of the service is an account in Swiss Francs, US Dollars or Euros at Credit Suisse in Switzerland. The TANTAU Wireless Internet Platform forms the basis for the new service from youtrade.
Austin, Texas / FriedrichsdorfOctober 23, 2000 The approximately 23,000 current registered users of youtrade the online-brokerage system of Credit Suisse can trade securities with their WAP mobile phones directly in real-time on the Frankfurt, Zürich und New York Stock Exchanges. The TANTAU Wireless Internet Platform is the basis for Credit Suisses mobile brokerage system, which offers the same high security standards as the banks online brokerage offering via the Internet.
Credit-Suisse chose TANTAU as the partner for its WAP service because the company was the only provider who could satisfy the banks criteria of scalability, security and reliability and was capable of integrating the system in the set time into the existing infrastructure. One of the strengths of the open system architecture of the TANTAU Wireless Internet Platform is the ease of integration into existing systems. The platform has various interfaces for other back-end applications.
With youtrade on WAP, Credit Suisse is extending its WAP service, which was launched last March. Until now, only stock prices, market information and charts of traded securities on the Zürich, New York, Frankfurt and Milan Stock Exchanges could be accessed. With the new WAP service, all mobile investors can directly and actively intervene in the daily trading of the Stock Exchanges regardless of location and time.
"Following the launch of the stock exchange information service with WAP, we recognized that our customers also wanted to carry out their transaction-based stock exchange business via a mobile device. The only question for us was, which partner do we chose? TANTAU was the ideal choice here; they could extend the WAP-gateway exactly to our requirements and effectively solve the task according to our high security standards, said Carlo Ulrich, IT Project Leader, Credit Suisse.
More about Wireless Internet Platform
TANTAUs Wireless Internet Platform is currently being used by over 35 financial institutions, including MeritaNordbanken, SEBanken and the New Zealand Stock Exchange. TANTAUs Wireless Internet Platform allows companies or Internet-Service-Providers (ISPs) to extend their online service offerings to mobile devices. The platform connects mobile devices with back-end-applications and databases and allows for personalized content based on user preferences. It supports a variety of protocols, guarantees the general security from the device to the data-centre, has multi-platform availability, scalability, load balancing (the distribution of the server load of the application onto other servers), fail-over (the application will restart unaided should a mistake occur) and allows for the administration of WAP services.
More about youtrade
youtrade is the online brokerage service of Credit Suisse for customers in Switzerland. It enables direct and secure access to the most important stock exchange locations worldwide. Prerequisite for access is, among other things, an account in Swiss Francs, US Dollars or Euros at the Credit Suisse in Switzerland. Further information is available at www.youtrade.com
TANTAU Software Inc. is a leading provider of software and services that enable enterprises to conduct high-volume, secure, mobile ecommerce transactions while maintaining direct access to their customer. TANTAUs blue-chip customer base includes major financial institutions and stock exchanges around the world. Strategic alliances include Nokia, Hewlett-Packard, Compaq, NEON Systems, BEA Systems and Baltimore Technologies. TANTAU is a member of the WAP Forum and Radicchio, the global industry consortium that promotes security for wireless ecommerce. Headquartered in Austin, Texas, TANTAU is a global company with development and sales offices around the world, including Australia, Finland, Germany, the Netherlands, Switzerland, the United Kingdom and the United States. More information can be found on TANTAUs Web site at http://www.tantau.com.
Brooke Bulow Enno Pigge
Public Relations Manager Fleishman-Hillard Germany GmbH
108 Wild Basin Road, Suite 110 Hanauer Landstraße 182c
Austin, TX, 78746 USA 60314 Frankfurt am Main, Germany
Tel: 001 (512) 306 4206 Tel: (069) 405 702-568
Email: [email protected] Email: [email protected]