NEW YORK ─ June 20, 2005 ─ The Relegence Corporation, the de-facto provider of real-time automated intelligence to the financial services industry, today announced the selection of Newstex, the Content On Demandâ¢ company, as its value-added content distribution source for real-time news feeds. Newstexâs immediate delivery of news and commentary to Relegence contributes to Relegence being the worldâs largest business news pipeline and further establishes Relegence as the industry standard for providing monitored, indexed, filtered and analyzed intelligence to the global financial markets.
Newstex Content On Demand will be used as Relegenceâs core data feed for newswires. Relegence selected Newstex for its ability to aggregate and deliver accurate full text news and commentary in real-time. Newstex collects tailored commentary from thousands of branded newswires, newspapers, magazines, financial and business sources, official government feeds and weblogs and standardizes their formats. Relegenceâs revolutionary technology monitors and analyzes the Newstex information in conjunction with internal and external information from over 12,500 local and international newswires, television & cable networks, regulatory feeds such as EDGAR and RNS. This combined intelligence is delivered to Relegence users desktops in real-time, providing them an accurate view of market activities.
"We are committed to delivering accurate and relevant intelligence in real-time," said Steve Fadem, president and CEO, Relegence. "Newstexâs Content On Demand is the fastest and most reliable news feed available. By partnering with Newstex, we deliver a broader and more relevant source of intelligence to our customers, helping them to make better and more strategic decisions."
In addition to Newtexâs Content On Demand, Newstex provides Relegence with its proprietary PeopleTickerTM feature. The Newstexâs NewsRouter system daily scans tens of thousands of news stories on key industry players and their affiliated companies and stores the data in its unique database. The monitored people are automatically allocated a PeopleTicker symbol by the Newstex NewsRouter system. This information is routed to Relegence, powering its searching and visualization tools.
"The professionals at Relegence understand the tremendous value of real-time full text news combined with value-added metadata," said Larry Schwartz, president, Newstex. "Relegence requires lightning quick delivery and optimized content in order to empower its end users to pinpoint and visualize whatâs really important and why."