Knowledge Technology Solutions PLC (KTS) and O2, a leading provider of mobile services to consumers and businesses in the UK, have today launched KTS MarketTerminal with O2.
The new KTS MarketTerminal with O2 service provides mobile access to essential international market data and news. It is delivered through O2’s "always on" data connections via GPRS, 3G and WLAN, turning a subscriber’s laptop into a fully-live KTS MarketTerminal.
KTS and O2 are jointly marketing the new service, which, in an age when financial professionals are working increasingly outside the office, allows them to keep completely up-to-date with live international market information, access the latest market news and receive instant price and news alerts.
Subscribers receive always on access to KTS MarketTerminal with O2, which is available throughout the UK over O2’s mobile data network. Included in the flat rate £200-per-month (ex VAT) package are the O2 connectivity subscription and O2 3G/GPRS Data Card for laptop computers.
The new service is principally for financial professionals who need live international stockmarket data, news and other essential financial information when they are out of the office or away from their desktop.
Among the 15 Exchanges covered by KTS MarketTerminal with O2 are the London Stock Exchange, New York Stock Exchange, NASDAQ, Euronext, Deutsche Boerse and the Scandinavian exchanges, to name but some. News, data and analytics are supplied by the premium names in financial information, including Interactive Data, AFX News and Dow Jones Newswires.
Dr Marc Pinter-Krainer, Chief Executive of KTS PLC, said:
"Research shows that financial professionals are spending less time than ever at their desks. The new KTS MarketTerminal with O2 mobile service enables our clients to stay in touch with the markets while on the move. In a world where information is power and quick decisions make the difference between profit and loss, KTS and O2 are providing a mobile service that sets the standard in flexibility, speed, resilience and user-friendliness."
Target customers for KTS MarketTerminal with O2 are primarily City institutions. Both companies’ sales teams are marketing it to existing and potential clients. Technical support is being provided by KTS.
With this new service, KTS and O2 are aiming to take a leadership position providing business data across mobile networks, which independent experts Strategy Analytics estimate will grow from $61 billion in 2004 to just over $189 billion by 2009.
Mark Imrie, Head of Products of O2, said:
"KTS MarketTerminal with O2 will change the way financial professionals work. They will be able to stay informed and make crucial financial decisions when away from their desks without compromising on quality or the speed of market data and news. This new service fits perfectly with our strategy to strengthen our position as the leading provider of business services via mobile data connectivity."
Dr Marc Pinter-Krainer concluded:
"We are delighted to be partnering with O2 in providing a new mobile service that will make it far easier for financial professionals to keep in touch with essential news and data, wherever they are. KTS MarketTerminal with O2 should set a new standard in flexibility. It’s all about staying informed, anytime, anywhere."