Message #5 From:
NewsBot Date: June 30, 2005 09:44:27 AM
HYPR News HyperFeed Launches HTRS and ActiveH; HyperFeed Announces the Global Launch of HyperFeed Trading Room Systems (HTRS) and ActiveH Financial Desktop
HyperFeed Launches HTRS and ActiveH; HyperFeed Announces the Global Launch of HyperFeed Trading Room Systems (HTRS) and ActiveH Financial Desktop
As the result of the acquisition of Telerate by Reuters, the U.S. Department of Justice and European Union mandated Telerate/Reuters to divest itself of their TRS and Active8 software in order to satisfy anti-monopoly requirements. Following a rigorous selection process, HyperFeed Technologies Inc. (OTCBB:HYPR) was selected as the provider best positioned to receive source code for this software. Under the terms of the license, HyperFeed is entitled to use and further develop the TRS technology to offer its own market data system (HTRS) worldwide. In addition, exercising its rights to use and develop upon Telerate's Active8 technology, HyperFeed has launched ActiveH, an industry-leading, open-systems market data display workstation that connects to HTRS.
"Our goal is to create a global agnostic market data platform and financial desktop using a proven global platform that currently supports more than 25,000 users," said Paul Pluschkell, HyperFeed's President and CEO. "As a neutral provider of software and services, HyperFeed will offer our HTRS Market Data Platform and ActiveH Application on equal terms to all content publishers, application providers and end users. Our goal is to create the industry's first collaborative open and agnostic global platform for data, transactions and platform integration through a soon to be announced series of global partnerships."
HTRS technology is widely considered the most architecturally open platform available. As a proven market data distribution platform that interfaces many different data feeds, HTRS makes it easy to integrate market data from any source into any type of display or application software - transactional, web distribution, risk management, or other mid and back-office system. 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, and its distributed and location independent architecture avoids single points of failure. The system also offers sophisticated permission and data management functions including HyperFeed's HTRS API, which allows for distribution of market data and other services to users outside of the trading room.
ActiveH is the premier display container connecting to HyperFeed's HTRS market data system. The platform provides a professional financial desktop that is fully customizable for various classes of end users. ActiveH seamlessly integrates multiple data sources including real-time data, news, chains, charts, analysis, and other published data. It supports various operating systems and displays all the data available on HTRS. ActiveH is an ActiveX container developed specifically for the financial industry.
HTRS and ActiveH products provide a powerful open systems environment offering the financial industry an independent alternative market data distribution, management and display solution, said Pluschkell. "The launch of these products further solidifies HyperFeed's position in the marketplace and provides significant validation to the strength of our business model."
HTRS and ActiveH are not Reuters products and are not supported by Reuters.
TRS, Active8 and Telerate are registered trademarks of Reuters.
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 services 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.
HyperFeed Technologies, Inc.
Tom Wojciechowski, 312-913-2800
twojciechowski@hyperfeed.com
or
Scanlon Corporate Communications
Lonny White, 312-372-4400
lonny@scanloncc.com
