HyperFeed and optionsXpress Extend Relationship for Two More Years; OptionsXpress Offering its Customers Some of the Fastest, Most Complete Options Data via HyperFeed's MEPS.Business Editors/High-Tech Writers CHICAGO--(BUSINESS WIRE)--May 29, 2003 HyperFeed Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HYPR), a provider of Managed Exchange Platform Services (MEPS MEPS Medical Expenditure Panel Survey MEPS Military Entrance Processing Station MEPS Minimum Energy Performance Standards (Australia & New Zealand) MEPS Malaysian Electronic Payment System MEPS Military Enlistment Processing Station ) and market information to financial institutions, exchanges, value-added distributors and content providers, today announces that optionsXpress, one of HyperFeed's largest customers, has extended its relationship with HyperFeed for another two years. OptionsXpress, recently selected by Barron's as the nation's leading online brokerage firm, provides proprietary, innovative tools to self-directed investors interested in protecting portfolios, increasing investment income and maximizing returns. "Combining HyperFeed's fast data and complete options chains with our innovative online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. tools gives a tremendous edge to our customers. We've enjoyed a successful, open partnership with HyperFeed over the last three years, and look forward to continuing our relationship as both of our businesses grow and thrive," said David Kalt, President of optionsXpress. OptionsXpress customers are making complex trading decisions based on proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. applications powered by HyperFeed's high performance exchange data, a component of its recently launched MEPS. HyperFeed's exchange data feed is known for its speed, its dynamic options data, its ability to transmit complete options strings and its capability to produce in-depth delayed options data. Options traders can log into the optionsXpress web site and access HyperFeed's real-time streaming data Data that is structured and processed in a continuous flow, such as digital audio and video. See streaming audio and streaming video. , as well as snapshot and delayed information via optionsXpress trading products. "OptionsXpress is re-igniting the online brokerage business by offering performance tools for the retail investor Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. . Early on, they recognized HyperFeed's core strengths and the synergies between our managed exchange data capabilities and their options products. We are excited to work with companies that recognize the value, and can take advantage of our MEPS and look forward to expanding our relationship over the next two years," concluded Tom Wojciechowski, HyperFeed's Senior Vice President of the Americas. About HyperFeed Technologies, Inc. HyperFeed's ticker plant technology and financial exchange managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality are designed specifically to support the delivery of real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. , data management, data reporting, and value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services for use in distributing and receiving financial content with a competitive edge. Beginning with a comprehensive understanding of the diverse needs of the financial equities industry, the Company applies advanced technologies to the processing, delivery, distribution and access to financial market data. HyperFeed(R) offers one of the fastest, most complete and reliable managed exchange platform services that can be used with industry-leading APIs, third-party applications or online desktop solutions. For more information, please visit HyperFeed's web site at www.hyperfeed.com. About HyperFeed's MEPS HyperFeed's MEPS are a complete turnkey solution for the normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. , data-basing, integration and transmission of high performance, real-time data sources from exchanges, content providers and proprietary in-house sources. MEPS provides direct access to all North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. exchanges and offers a complete set of data cleansing and management tools for remote or on-site use. It provides adaptors to a number of widely used middleware platforms and can be used collectively as a complete solution or individually to augment the functionality of other vendor system products. About OptionsXpress OptionsXpress is the online brokerage for self-directed investors who want to use options to protect portfolios, increase investment income and maximize returns on stock movements. With its suite of proprietary, innovative tools and features, optionsXpress reduces the mystery and complexity of options and ensures that users can identify, evaluate and then execute suitable options investment opportunities. OptionsXpress (www.optionsxpress.com) was named both favorite options site by Forbes Best of the Web and top online broker in the 2003 Barron's online broker survey, with an unprecedented four-and-a-half star rating. |
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