EBS Teams with Jabber, Inc. to Improve Transaction Services to Foreign Currency Traders.Business Editors/High-Tech Writers DENVER--(BUSINESS WIRE)--April 26, 2004 Leader in Worldwide Electronic Foreign Exchange Broking Selects Jabber, Inc. Software to Real-Time Enable EBS' Conversation Direct Dealing System Jabber, Inc., the leading commercial provider of XMPP-based presence and messaging solutions, today announced an agreement to provide software and services to EBS See Swiss Electronic Bourse. EBS See electronic blue sheet (EBS). . EBS is owned by a partnership of the world's largest foreign exchange market-making banks and the pre-eminent provider of foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the solutions to the interbank spot foreign exchange community. Under terms of the agreement, Jabber XCP, Jabber, Inc.'s commercial platform for presence-aware messaging, will be integrated into EBS' existing foreign currency conversational direct dealing trading platform for its EBS Trader(R)(TM) product in order to enhance the flow of information and speed of transaction execution. Under an exclusive global distribution agreement between EBS and Bloomberg, EBS Trader was launched on the BLOOMBERG PROFESSIONAL(R) service in autumn 2003. Said Bill Moran, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , EBS: "Jabber XCP delivers a number of benefits to EBS. Firstly, it supports our need to provide our EBS Trader on Bloomberg customers with secure conversations, chat and deal making. Secondly, XMPP, the protocol on which Jabber XCP is built, is based upon industry-accepted and IETF-approved standards. And thirdly, the platform is highly extensible, giving EBS the flexibility to deliver timely product enhancements to meet the future needs of the real-time transactional marketplace." "The requirements of EBS are significant and the selection of Jabber XCP is a major validation of Jabber, Inc.'s position in the financial services marketplace," added Rick Emery, Jabber, Inc.'s VP of Business Development. "We are honored that EBS has chosen to work with Jabber, Inc. to serve its clients' immediate and future messaging needs." About EBS Launched in September 1993 by a partnership of the world's largest foreign exchange market making banks, EBS is the pre-eminent provider of foreign exchange trading solutions to the interbank spot foreign exchange community. Approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 100 billion in spot foreign exchange transactions, 500,000 oz. gold and 4,000,000 oz. silver are conducted over the EBS Spot Dealing System every day. The EBS Partners are subsidiaries of the following banks and institutions: ABN AMRO, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Barclays, Citibank, Commerzbank, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Lehman Brothers, HSBC, JP Morgan Chase, The Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba , S-E- Banken, UBS AG, and the Minex Corporation of Japan. www.ebs.com About Jabber, Inc. Jabber, Inc. is the developer of Jabber XCP, an XMPP-based commercial software platform for building enterprise- and carrier-grade presence-enabled services and instant messaging systems. Jabber XCP is in use by more than four million licensed users, representing hundreds of organizations worldwide. Jabber, Inc., a 2004 eWeek Excellence Award Finalist, and Network Computing Magazine "2004 Company to Watch", counts France Telecom, Hewlett-Packard, 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. , BellSouth, Lehman Brothers, Sony Corporation, Arcelor, CapWIN, Netsize, AT&T, and Juniper Networks amongst its customers. Jabber, Inc.'s investors include France Telecom (NYSE NYSE See: New York Stock Exchange :FTE), Intel Capital, Intel's strategic investing arm, and Webb Interactive Services, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WEBB). Please see www.jabber.com or contact Greg Macchia at gmacchia@jabber.com for more information. XMPP (Extensible Messaging and Presence Protocol Extensible Messaging and Presence Protocol (XMPP) is an open, XML-inspired protocol for near-real-time, extensible instant messaging (IM) and presence information (a.k.a. buddy lists). It is the core protocol of the Jabber Instant Messaging and Presence technology. ) is a real-time communications protocol, which allows people, devices and applications to instantly communicate and exchange streaming XML data, based upon dynamic presence and availability information. The Jabber Software Foundation (JSF) estimates that there are ten million worldwide users of XMPP with more than 260,000 XMPP-based presence servers downloaded globally. The JSF also notes that its growing user base exceeds that of ICQ's by several million. www.jabber.com |
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