Investhink and Bang Networks Announce Strategic Alliance; Combined Effort Provides Comprehensive Real-Time Market Data Distribution And Presentation Platform.Business Editors & High-Tech Writers NEW YORK--(BUSINESS WIRE)--Aug. 27, 2002 Financial institutions have a new option to significantly reduce and consolidate market data distribution and market data software costs through an alliance announced today between Investhink Ltd. and Bang Networks. The alliance brings Investhink's suite of market information management products and services together with Bang Networks' intelligent information messaging platform, which enables customers to significantly reduce the technology costs of sharing real-time information across the enterprise and to external partners and customers. The combined solution from Investhink and Bang Networks provides a complete real-time market data distribution and presentation platform at a price/performance level never seen before in the industry. Customers can view market information, indicative rates and analytics using advanced browser-based displays driven by a high-performance, flexible messaging system Software that provides an electronic mail delivery system. It is made up of the following functional components, which may be packaged together or independently. Mail User Agent . Customers directly benefit from greater cost savings and flexibility as compared to the traditional high cost and inflexible market data systems that financial organizations currently deploy. "We are excited to be working with Bang Networks to create a total solution for clients," said Andrew Delaney, director of business development at Investhink. "By combining Investhink's comprehensive market data management and display platform with Bang Networks' real-time transport capabilities, financial institutions can service all user types across the enterprise, from the trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. to the off-trading-floor area, and beyond to remote clients." "Bang Networks' relationship with Investhink continues our strategy to offer 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. firms a comprehensive, cost-effective solution for their pre-trade, trading, and post-trade activities," said Stephen Epstein Stephen E. Epstein, M.D, is a physician. Formerly Chief of the Cardiology Branch of the National Heart, Lung and Blood Institute of the National Institutes of Health in Bethesda, Maryland for over 30 years, became Director of Vascular Biology Research at the Cardiovascular Research , director, business development, Bang Networks. "Investhink offers a compelling and complete solution for pre-trade activities." Investhink provides a suite of products and services, which together address the market data requirements of the trading room, off-trading floor and branch office arenas. Investhink provides an open market data platform, based upon web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , that accommodates all forms of information and works with all market data service vendors. Its design enables inter-operability with incumbent distribution services and affords new scalability at an economic rate. Being content-neutral, Investhink is able to assist financial institutions in delivering user-specific tailored information services See Information Systems. , across the enterprise. Bang Networks breakthrough technology provides an integrated, intelligent messaging platform that supports the full range of information messaging, routing and transformation requirements across disparate networks and endpoints. Bang Networks packages the technology into two offerings: Bang Networks Axon axon: see nervous system; synapse. (TM) - designed for customers to acquire, deploy and manage on their own network; and the Bang Networks Axon(TM) Managed Service - allowing customers to take advantage of the full suite of Bang Networks information messaging solutions without having to deploy, manage and maintain a full set of hardware and software solutions. About Investhink Investhink Ltd. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. established in April 1999 to provide financial institutions with a powerful platform for integrating and distributing financial information products. Investhink was co-founded by Sigma Technology Management, a subsidiary of Sigma Technology Group PLC (SGM SGM abbr. sergeant major ). Sigma is a specialist technology development, management and advisory company listed on 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. . Investhink employs approximately 15 full-time professionals with experience in the investment, technology and Internet industries. For more information, visit the company website at: www.investhink.com. About Bang Networks Bang Networks provides the next-generation, intelligent information messaging platform that enables customers to significantly reduce the technology costs of sharing information across the enterprise and to external partners and customers. Bang Networks has offices in San Francisco and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, visit the company website at: www.bangnetworks.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion