WSI announce US expansion plans

WSI, a leading provider of data automation and management products for banks, financial institutions and global trading companies, today announced plans to launch two new offices in the United States as part of their ambitious global expansion plans.

Having been active in the US market for over five years, the new offices will allow WSI to offer an increased range of services to existing customers as well as respond to the growing demand for WSI’s Xceptor product suite. The offices, in Boston and New York, will be open by the end of April 2015, and will be headed up by Steven Fleming and James Farrell respectively.

Steven Fleming has spent over 25 years in the financial industry dedicated to market data applications, trading technology, electronic research and IT infrastructure. His background encompasses strategic planning, product development, business development, marketing, vendor management, sales, and client relationship management in both the UK and US. Steven joins WSI from Savvis, a CenturyLink company, where he spent 7 years as Global Account Manager in the Financial Vertical, creating several global relationships for a wide range of IT infrastructure services, including co-location, managed hosting, cloud computing, network and high frequency trading.

“This is an exciting time to be joining WSI” said Steven “Xceptor has already been implemented at a broad range of clients such as Citi, Huntington, BP, Glencore and Northern Trust. We intend to build on that success to take it to the next stage.”

Steven added: “Having spent some years myself as a buyer of vendor systems in the US, I was particularly impressed with the straightforward approach, agility and “can do” attitude of the WSI culture. This is a very good fit for the US market.”

James Farrell has been with WSI for 2 years, during which time he has been instrumental in building a number of long term relationships with banks in Europe and the US, solving issues across a wide range of post-trade issues, as well as playing a pivotal role in selling our first cloud implementation.

James says: “Having seen the demand for Xceptor grow significantly in the North American market over the past two years, I feel this is an exciting time to be establishing an office in New York. I am looking forward to helping WSI grow our business in North America.”

“The US market has always been an important one, and the opening of these two offices is a logical next step for the business.” added Pete Madigan, Managing Director of WSI “The continued regulatory focus on how financial organisations deal with their transactional data mean that our products – which provide improved operational control, reduced manual intervention and increased STP rates – are increasingly relevant to the US market.”