CIBC and EDS Team to Offer First Time On-Line Brokerage Services to Canadian Investors.TORONTO--(BUSINESS WIRE)--Feb. 26, 1997--EDS Canada (NYSE NYSE See: New York Stock Exchange , LSE LSE - Language Sensitive Editor EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. ) CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company and EDS announced today the launch of the first on-line brokerage system for PC banking in Canada Banking in Canada is one of the most efficient and safest banking systems in the world. According to the Ministry of Finance, Canada’s banks, also called chartered banks . Investor's Edge On-Line allows individual investors the opportunity to buy and sell stocks on major North American exchanges, review active orders and transaction history, as well as access market indices, quotes and news releases. According to Jack Verkruysse, President of CIBC Investor Services, Inc., "Users of Investor's Edge On-Line now have 24-hour-a-day, on-line access to real-time price quotes, trading, market statistics and news. Our relationship with EDS enabled us to emerge as the first provider of significant browser-based trading to our customers." CIBC PC Banking provides customers with direct access to their Investor's Edge accounts by way of a secure, private link and confidential password. "EDS has provided services to the Canadian Financial Services Industry - the most powerful sector of the Canadian economy - for 12 years," said Michael Cardiff, Executive Vice President, EDS Canada. "Our expertise and our ability to deliver on time allowed Investor's Edge to surpass the competition in providing the first electronic delivery of services to their clients." Bob Dustan, the System Architect says, "Not only has EDS delivered a Web-based front end to Investor's Edge services, but we have put an architecture in place that allows other components such as Interactive Voice Response (IVR) or future electronic interfaces to be added quickly and seamlessly." EDS has been extraordinary in its ability to help Investor's Edge beat the market. EDS developed the on-line system by integrating solution components from various vendors including: Spectra Securities Software; Star Data Systems; Davidge Data Systems; and ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. . EDS is a leader in the global information services industry. The company's approximately 100,000 employees specialize in applying a range of ideas and technologies to help business and government customers improve their economics, products, services and relationships. Located in 42 countries, EDS in Canada employs 2,400 Canadians in 28 cities, and serves more than 50 major customers in financial services, manufacturing, government services, communications, insurance, energy and chemicals, and transportation. EDS reported revenues of $14.4 billion in 1996. The company is independent and publicly owned, and its stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . EDS can be visited via the Internet at http://www.eds.com. CONTACT: EDS Canada Michael Cardiff, 416/ 814-4592 |
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