Message #6 From:
NewsBot Date: July 1, 2005 09:12:07 AM
HYPR News HyperFeed and MarketXS Announce Strategic Alliance; Alliance aimed at expanding the TRS (HTRS) Technology based business in Europe
HyperFeed and MarketXS Announce Strategic Alliance; Alliance aimed at expanding the TRS (HTRS) Technology based business in Europe
HyperFeed Technologies Inc. (OTCBB:HYPR) has entered into a Letter of Intent with MarketXS to license, install and support TRS (HTRS) and Active8 (ActiveH) in Europe. MarketXS will contribute European Feed Development, Technical Sales, and First level maintenance support while HyperFeed will be responsible for Software Upgrades and Maintenance, and Second level support.
In the alliance with HyperFeed, MarketXS, a provider of real-time market data technology and trading solutions, will act as a strategic partner with HyperFeed for HTRS and ActiveH in Europe with the responsibility of implementing and supporting these products for customers in the region. MarketXS already supports multiple TRS sites in Europe in its current capacity as distributor for Telerate. It recently completed a TRS installation for the Fortis Bank dealing rooms in Benelux, one of the largest TRS sites globally.
Says Cor Breur, Global Co-ordinator of the Market Data Competence Center at Fortis Bank: "We are pleased to see that MarketXS and HyperFeed have teamed up to assure the availability of TRS for the long term. Fortis Bank is keen to continue its use of TRS as a reliable, open and efficient market data infrastructure to support the requirements of the many different users within Fortis Bank."
"We have high expectations from the alliance with MarketXS," said Paul Pluschkell, President and CEO of HyperFeed. "MarketXS offers HyperFeed proven TRS and Active8 sales experience, existing installation and support capabilities, and an impressive array of satisfied customers. 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 the use of strategic partnerships. We believe that MarketXS is uniquely positioned to support our efforts and expand our presence to the European markets."
Says Floris Alkemade, chief executive officer of MarketXS: "We are excited about the partnership with HyperFeed, and happy that we can reassure our customers that TRS technology will be around as the much desired long-term independent alternative. HTRS is an important building block for larger dealing room installations in particular, where it serves as a central backbone to support real-time data and trading applications for hundreds of simultaneous users in an efficient and reliable manner. With our ability to deliver real-time pricing from the major inter-dealers brokers and our experience in implementing and supporting TRS technology based sites, we can deliver a strong dealing room offering to financial institutions and trading platforms in Europe."
Under the alliance, HyperFeed and MarketXS will work closely together on future HTRS and ActiveH development, including the development of feed handlers and the integration of additional data sources with a view to deliver a consolidated over-the-counter data feed for dealing room purposes. HyperFeed and MarketXS are also exploring the possibility of combining HyperFeed's on-site, low latency ticker plants and proprietary smart order routing technology with the range of data distribution and trading solutions that are delivered by MarketXS' service 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 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. HyperFeed's new ActiveH product is an industry-leading, open-systems market data display workstation that connects to its HTRS market data platform.
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.
About MarketXS
MarketXS is a leading provider of real-time market data technology and trading solutions. Over 350 customers use its high-availability market data infrastructure, the Finance Engine(TM), to power terminals, websites, transaction systems or any other real-time market data application for front, middle or back-office with any source of data. Rendering conventional market data systems obsolete, the Finance Engine(TM) provides maximum flexibility, rapid deployment and low total cost of ownership. MarketXS data sources include Telerate, ComStock, Dow Jones Newswires, Standard & Poor's, FT Interactive, etc. and direct feeds from major exchanges and inter-dealer brokers. MarketXS is the exclusive distributor of Telerate products in The Netherlands, Belgium and Luxembourg. For additional information please visit www.marketxs.com.
For further information, please contact:
MarketXS . Mehrnoesh Forouzandeh . mehrnoesh.forouzandeh@marketxs.com . +31 (0)20 50 25 800
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
or
MarketXS
Mehrnoesh Forouzandeh, +31 (0)20 50 25 800
mehrnoesh.forouzandeh@marketxs.com
