Cortal Consors Launches New German Web Site

European Synergy Effects Thanks To IS.Developer Solutions

Step by step, Cortal Consors changes its European web presence. The online bank aims to better address investment-bound customers. The new web site also reflects the reinforced strategic orientation. A homogeneous design, an optimised navigation and a coherent architecture form the basis of web sites with country-specific content in different languages. Following the French site, the German site went live in late April. Additional European web sites will replace the previous individual sites. The online bank is present in Germany, France, Spain, Belgium, Luxembourg and Italy. Cortal Consors, a company of BNP Paribas, is one of Europe’s leading investment banks for private investment and online trading. It offers a complete range of investment products and service to more than 1.1 million customers in six European countries.

Cortal Consors’ intention was to relaunch a web site that was easier to use, yet more informative. The new site contains more examples, a larger range of products and more comprehensive background information. For example, the new version contains more funds comparisons and consensus estimates of stocks as well as current chart analyses for several thousand stocks and indices, historical quotes and technical stock analyses. Registered customers receive additional information like real- time quotes.

The financial market data and analysis tools on the Cortal Consors web site are largely supplied by IS.Teledata. Cortal Consors receives financial information and applications for bonds, certificates, currencies, funds, interest rates, indices, IPOs, stocks, warrants, options and futures based on the financial market data platform IS.Market Data Gateway. In addition, the site employs HTML charts and the product modules IS.MarketMap and IS.InteractiveCharts. "We have been working with IS.Teledata products since 2002 and are convinced of the functionality and flexibility of IS.Teledata’s technology. Thanks to the object technology, we don’t have to worry about the integration of different data providers. After the merger of Cortal and Consors in 2002, we have evaluated several financial market information providers and decided to stay with IS.Teledata – not least because the cooperation between our development team in Nuremberg, Germany, and IS.Teledata’s team is excellent," says Alexander Zinsstag, Team Manager Website Content of Cortal Consors.

Coherent Technological Platform

With the relaunch, Cortal Consors has consolidated the architecture and brought it up to date to the latest technological status. The strategy aimed for synergies and lowered cost by using a multi-lingual, coherent technological platform that supplies content by country. The web site’s market data component was implemented on IS.Market Data Gateway using the Java API of IS.Developer Solutions. IS.Developer Solutions offers easy, standardised access to all IS.Teledata market data products via a selection of programming interfaces and the IS.Teledata Object Server. "By developing the solution ourselves, we have more opportunities to integrate transactions and information in the web site," explains Alexander Zinsstag.

Wide Range Of Derivatives

With the relaunch, Cortal Consors migrated to IS.Teledata’s DTNG (Derivatives Tool Next Generation). DTNG reflects the new category system for certificates, warrants and structured products based on the EUWAX standard. DTNG allows to customise category systems and to represent proprietary instrument groups that can be defined per customer application. Objects are delivered via the Java API of IS.Market Data Gateway to Cortal Consors. “The relaunch offered a good opportunity to migrate to DTNG. The derivatives market has developed considerably, and we want to represent it to our customers in the best possible way. With DTNG, we can offer comprehensive search functions and better grouping and classification of certificates,” says Alexander Zinsstag. Cortal Consors customers thus benefit from a more qualified separation of certificate types and an easier search for conservative certificates like bonus and guaranteed securities. Investors profit from a wider scope and better orientation in the financial markets.