Message #9 From:
NewsBot Date: September 19, 2005 11:00:00 PM
HYPR News HyperFeed to Offer Bloomberg PhatPipe Market Data Distribution Solution on HMDP; -- Solution will enable current TRS customers to continue using the platform with significant enhancements available soon
CHICAGO--(BUSINESS WIRE)--Sept. 20, 2005--HyperFeed Technologies, Inc. (OTCBB:HYPR), a provider of ticker plant technologies, data distribution, smart order routing and managed data services to the financial community, today announced it will provide the global market with its open market data distribution platform, HMDP, that tightly integrates Bloomberg's Phat Pipe data feed. This new addition to the core platform, which is based on Telerate's TRS platform licensed by HyperFeed, is the first in a series of products tailored to Bloomberg's PhatPipe that will enhance Bloomberg's PhatPipe offering.
HyperFeed will work with Bloomberg to ensure the enhanced market data platform sets new standards for open yet tightly integrated market data solutions. Over time, Bloomberg and HyperFeed will create additional offerings, including products that combine HyperFeed's low-latency, on-site ticker plant with Bloomberg's symbology and trusted reference data.
HyperFeed's market data distribution platform will serve as a key platform for distributing content from Bloomberg's PhatPipe service, which delivers real-time data to proprietary and in-house applications. Launched earlier this year, PhatPipe is the only "platform-agnostic" market data feed, enabling market participants to select data platform and feed handlers which best fit their technology needs.
"We are very pleased to have been selected by the world's leading global provider of financial content to provide them with our market data distribution system," said Paul Pluschkell, President and CEO of HyperFeed. "We want current TRS users to understand that their existing platform will continue to be an effective tool and that HyperFeed and Bloomberg are working on enhanced versions of the platform today."
Also agnostic, and engineered to support open-source technologies based on industry standards, HyperFeed's HMDP is considered among the most architecturally open platforms available. Derived from a proven market data distribution platform that interfaces with many different data feeds, the platform, integrates market data from many sources into many types of display or application software - transactional, web distribution, risk management, or other mid- and back-office systems. At its core is a high performance messaging system, generating extremely high levels of efficiency and reliability. Its producer/consumer model keeps the sources and the client applications independent; a distributed and location independent architecture avoids single points of failure. The system offers sophisticated permission and data management functions. HyperFeed's market data distribution platform API allows for distribution of market data and other services to users outside of the trading room.
About HyperFeed Technologies, Inc.
HyperFeed Technologies, Inc. (OTCBB:HYPR) is a leading provider of enterprise-wide tickerplant and transaction technology software and services enabling financial institutions to process and use high performance exchange data with Smart Order Routing and other applications. HyperFeed's extreme low latency processing combined with smart order routing for transactions provides institutions, exchanges, content providers, and value-added resellers with fast, flexible, and smart utilities to power their trading systems.
HyperFeed's HTPX platform includes HVAULT and HBOX software products and managed services. These are designed to support low latency yet high value real-time market data; data services for use in receiving and distributing financial content with a competitive edge. Its dynamic Smart Order Routing utilities are aimed at allowing firms to be REG-NMS compliant while offering price improvement in order execution.
HMDP (HyperFeed Market Data Platform) is a market data distribution system based on the TRS technology, OCC (Open Collaborative Container) is the Active8 display container connecting to HyperFeed's HMDP market data system.
HMDP and OCC are not Reuters products or supported by Reuters. TRS, Active8 and Telerate are registered trademarks of Reuters.
Safe Harbor Disclosure
The statements made herein that are not historical in nature are intended to be and are identified as "forward looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, particularly in reference to statements regarding our expectations, plans and objectives. Forward-looking statements may be impacted by a number of factors, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Our filings with the Securities and Exchange Commission identify factors that could cause material differences. Among these factors are our ability to: i) successfully execute our new business model; ii) fund our business either through continuing operations or external financing; iii) successfully attract, retain and integrate key employees; iv) compete successfully against competitive products and services; v) deliver and maintain performance standards according to the terms and conditions of our customer contracts; vi) maintain relationships with key suppliers and providers of market data; vii) maintain our existing customer base while diversifying the Company's presence in the financial institutional marketplace; viii) develop, complete and introduce new product and service initiatives in a timely manner and at competitive price and performance levels; ix) manage the timing of the development and introduction of new products or enhanced versions of existing products; x) gain the market's acceptance of new products; and xi) respond to the effect of economic and business conditions generally. The Company cautions readers that forward-looking statements, including and without limitation, those relating to the Company's future business prospects, revenues, working capital, liquidity, income and margin are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements due to any number of risk factors.
