Message #11 From:
NewsBot Date: December 22, 2005 12:00:00 AM
HYPR News HyperFeed Adds Two Members to Senior Staff
CHICAGO--(BUSINESS WIRE)--Dec. 22, 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 has announced the addition of two senior staff members: Tammy McCrory has been named Vice President, Open Systems Technology and Heetesh Rawal has been named Managing Director of Sales for EMEA.
About Tammy McCrory
Tammy McCrory will lead the development, product strategy and third-tier support of HDMP (with the first major release scheduled for June 2006), the HyperFeed API (HAPI), and OCC. She comes to HyperFeed from Reuters Telerate, where she was responsible for the development and third-tier support of TRS and the TelerateConnect Toolkit.
"Tammy brings extensive experience in developing and supporting market data platforms and a deep knowledge of TRS in particular," said Paul Pluschkell, CEO of HyperFeed. "Her product knowledge and experience will allow the platform to grow, thus protecting our current customer's investments while securing new customers that want an open and agnostic market data platform."
Tammy first entered the financial services technology field in 1986 with Quotron in development on the now-historic Q1000 in Los Angeles, CA. From there, she joined Telerate in Hong Kong in 1991 to provide regional support for Trading Room Products, the predecessor to TRS, including driving the installation of TRS at a number of significant Asia-Pacific clients. In 1995, Tammy moved to the global TRS support team based on Palo Alto, CA, and became increasingly more involved in development management until she became head of the entire development and support team when the product was acquired by Moneyline in 2001. Under her guidance at Moneyline Telerate, the popular TelerateConnect Toolkit was created as the next generation API to TRS.
About Heetesh Rawal
As Managing Director of Sales for EMEA, Heetesh Rawal is responsible for supporting HyperFeed's product offering in the world's eastern hemisphere. He will be headquartered in HyperFeed's new London office.
Heetesh brings to HyperFeed more than 17 years of experience in the financial services industry, with the vast majority of his time spent in the trading systems arena. After spending eight years on the engineering, implementation and operational support side of front office trading rooms at Data Logic and its subsequent derivative companies (Desisco Ltd, Digital Capital Markets Ltd, MTi Trading Systems Ltd), Heetesh moved to join Dow Jones Telerate in London as a Trading Systems Account Manager in 1996. There he was responsible for developing major accounts in London through sales of TRS platforms and Active8 desktops including their preceding technologies. Through the acquisitions of Dow Jones Telerate by Bridge, and then Moneyline Telerate, Heetesh remained focused on sales and from 2002 was UK Sales Manager for content and platform products. In 2004 he left Moneyline Telerate and joined Telekurs Financial UK as London Sales Manager.
"Heetesh's skill set and proven experience is exactly what we wanted for our managing director of EMEA sales," noted HyperFeed's CEO Pluschkell. "The product roadmap for the HMDP and OCC products are being very well received by the marketplace, both in new situations and with existing users of the products. Heetesh will play a major role in demonstrating our ongoing commitment to providing the market with a truly open market data platform and desktop technology suite".
HMDP, the HyperFeed API, and OCC are not Reuters products and are not supported by Reuters. HMDP and OCC are new names for products that were first announced by HyperFeed in July.
TRS, Active8 and Telerate are trademarks of Reuters.
About HyperFeed Technologies, Inc.
HyperFeed Technologies, Inc. (OTCBB: HYPR) is a leading provider of enterprise-wide ticker plant 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.
Data Delivery Utility (DDU) is a global, highly distributed, fully-managed financial content distribution utility with extremely low latency and an end-to-end Service Level Agreement (SLA) - a completely new alternative for reliable market data delivery.
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.
