BRIDGE and Prescient Markets Form Strategic Partnership; Alliance Yields Offerings of Commercial Paper over the Internet for the First Time.Business Editors NEW YORK--(BUSINESS WIRE)--January 11, 2000 Bridge Trading Company and Prescient pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci Markets LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control today announced a strategic partnership to distribute cpmarket.com, the first Internet-based system for transfer of commercial paper. Prescient Markets' cpmarket.com, scheduled for release early this year, will be supported by Bridge Information Systems (BRIDGE(R)) infrastructure, connectivity and 24x7 customer support via its St. Louis-based Technology & Trading Center. Employing Prescient Markets' state-of-the-art Internet technology, cpmarket.com will provide a real-time link between commercial paper issuers and investors, enabling them to transact directly with unprecedented speed and efficiency in a cost-effective environment. Using cpmarket.com, investors will have access to a large number of commercial paper programs from the major direct issuers over the Internet for the first time ever. "The U.S. commercial paper market is currently at $1.4 trillion and is growing at the rate of 20 percent annually," said David E. Rutter, Executive Vice President of BRIDGE, the parent of Bridge Trading. "Prescient Markets has a unique expertise in the commercial paper market and we are pleased to partner with them to bring their ground-breaking trading solution to our customers." BRIDGE will be providing cpmarket.com to its clients through its BridgeChannel(SM) and BridgeStation(R) workstation products. In addition, cpmarket.com will be available through BRIDGE subsidiary, Telerate's products including TelerateChannel and Telerate Workstation. BRIDGE will be hosting cpmarket.com through the BRIDGE Technology and Data Center and will provide first-line help desk support. The Data Center is built around a client/server, real-time, event-driven architecture Event-driven architecture (EDA) is a software architecture pattern promoting the production, detection, consumption of, and reaction to events. An event can be defined as "a significant change in state"[1]. , with self-describing data. The BRIDGE network has more than 210 ATM switches and handles over 10,000 updates per second. "The BRIDGE network and Data Center infrastructure is unparalleled," said Laurent Paulhac, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and founder of Prescient Markets. "We are very pleased that not only will our clients have access to cpmarket.com on the Internet, but through BRIDGE's state-of-the-art private network as well. The operating support provided by BRIDGE is a significant part of our business strategy going forward." Prescient Markets, which was founded in February 1999, is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company using state-of-the-art technology to develop electronic, Internet-based markets for fixed income instruments Fixed income instruments Assets that pay a fixed dollar amount, such as bonds and preferred stock. . Its product, cpmarket.com, facilitates a real-time direct link between corporate debt issuers and investors. The company is based in White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and . For more information visit www.cpmarket.com BRIDGE, together with its principle operating units, Bridge Information Systems, BridgeNews, Bridge Trading and its subsidiary Telerate, is the largest provider of financial information and related services in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. -- and fastest growing in the world. Together with its subsidiary SAVVIS, BRIDGE is one of the world's largest providers of managed IP networks, with more than 210 Cascade ATM/frame-relay switches throughout the major cities in Europe, Africa, Asia and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. and the Americas. BRIDGE information products include a wide range of workstations, market data feeds and web-browser-based applications, combined with comprehensive market data, in-depth news, powerful analytic tools and trading room integration systems. BridgeNews leverages a network of 600+ BRIDGE journalists in more than 100 locations that break news that affect securities markets globally. BRIDGE is the co-producer of the Nightly Business Report Nightly Business Report is a financial news television program that is broadcast live, weekday evenings on most of the public television stations in the United States. Frequently abbreviated to NBR, the show is produced by public television station WPBT-TV in Miami, Florida, and and is a leading provider of financial news and information to media companies worldwide. BRIDGE, with 5000+ employees worldwide, and over a quarter of a million users in over 65 countries, is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with the BRIDGE Trading and Technology center in St. Louis, and major regional centers in Europe, the Middle East, Africa, and the Pacific Rim. For more information visit the BRIDGE web site at http://www.bridge.com. |
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