(CHICAGO, June 17, 2003) — HyperFeed Technologies, Inc. (Nasdaq: HYPR), a provider of Managed Exchange Platform Services (MEPS) and exchange information to exchanges, content providers, re-distributors, institutions, channel partners and value-added resellers, today announces that EGAR and InfoReach have joined its H!VE Program as Alliance Partners. H!VE Alliance Partners have software or desktop trading applications that can be populated by the exchange information component of HyperFeed’s MEPS, by direct exchange feeds or by proprietary information. Each H!VE Alliance Partner specializes in trading applications targeted to specific types of traders – from options to hedge funds.
"EGAR and InfoReach are each well-known brands in their own right, and offer best-in-class solutions for particular types of trading needs and trading styles," said Randy Deihs, HyperFeed’s Vice President of Strategic Alliances and Partners. Deihs further comments, "As we deploy our MEPS technologies in the industry, we are proud to offer the MEPS compatible applications of our alliance partners in a non-proprietary model that allows our customers to facilitate solutions that make sense for their own clients. And our customers get the added benefit of being able to utilize H!VE Partner products with their current distribution systems."
Ravi Jain, CEO of EGAR Technology, says, "EGAR’s goal is to provide seamless connectivity between our technology and the necessary data to our customers. This alliance will allow EGAR’s and HyperFeed’s products and customer support to become completely compatible, creating the most efficient service possible."
"Hyperfeed attracted us as a partner with technology delivering direct exchange feeds as well as over-the-Internet market data subscriptions, allowing our clients to benefit from low-latency data and shorter product deployment cycle," comments Allen Zaydlin, President of InfoReach.
HyperFeed’s H!VE Program allows unparalleled access to standards-based exchange information and related services to its customers for facilitation of complete solutions among providers with close relationships. The five types of H!VE Partnerships include: Joint Product Partners, Alliance Partners, Network Service Provider Partners, Technology Partners and Content Contributor Partners.
