MarketXS to license, distribute and support HyperFeed's Market Data Distribution products throughout Europe, Middle East & Africa
HyperFeed and MarketXS will jointly develop future HMDP and OCC enhancements utilizing the Telerate TRS(tm) and Active8(tm) software technologies recently licensed from Reuters.
Chicago, USA / Schiphol Oost, The Netherlands - August 31, 2005 - MarketXS, a leading European provider of real-time market data technology and trading solutions today announced it has signed an exclusive multi-year agreement with HyperFeed Technologies, Inc. (OTCBB: HYPR), a provider of ticker plant technologies, data distribution, smart order routing and managed data services to the financial community. The agreement gives MarketXS the right to license, distribute and support HyperFeed's Market Data Distribution products in Europe, Middle East & Africa (including global subsidiaries of customers headquartered in that region).
As part of the agreement, MarketXS will, on an exclusive basis in EMEA, license, install and support HMDP (HyperFeed Market Data Platform) based
on TRS technology, and OCC (Open Collaborative Container), based on Active8 technology. MarketXS will contribute European Development, Technical Sales and First Level maintenance support, while HyperFeed will provide Software Upgrades, Maintenance and Second level support.
HyperFeed and MarketXS will work closely together to further reinforce HMDP as the most open platform in the industry and promote the availability of both direct exchange and consolidated data feeds on the platform.
'We made a commitment to all current and future customers of TRS and Active8 when we licensed the technologies from Reuters, to fully support and develop the platform' said Paul Pluschkell, President and CEO of HyperFeed. 'We aligned ourselves with MarketXS in Europe, Middle East & Africa because of their customer expertise, their outstanding track record for service and reliability, and their knowledge of our market data platform.'
Floris Alkemade, CEO of MarketXS said, 'HyperFeed's HMDP and OCC are two
important building blocks for dealing rooms in our target market. Already
serving as the independent, alternative backbone supporting real-time
data and trading transactions for hundreds of users in Europe and beyond,
we are now extremely well-positioned, in partnership with HyperFeed, to
further develop the applications of the future. By combining MarketXS'
proven capabilities in implementing and supporting TRS technology with
HyperFeed's commitment to invest in ongoing development, we are able to
offer our dealing room clients increasing value as the traded markets and
the technology that supports them continue to evolve.'
HyperFeed and MarketXS are investing heavily to ensure the continued availability, support, and development of both TRS and Active8 technologies. HyperFeed and MarketXS are providing a no-cost license transfer for current customers of the TRS market data platform and the Active8 desktop application.