NEW YORK–(BUSINESS WIRE)–Sept. 30, 2003–Neovest, Inc., a leading provider of technology that improves trading performance, and Wall Street Source (WSS), a leading news and information company,today announced their intent to jointly offer an integrated product. Professional traders, portfolio managers and analysts can now benefit from a powerful solution that seamlessly unites 1StopPro,the most comprehensive, real-time news aggregator available, with Neovest’s tightly integrated advanced order entry, trade management, filtering and sophisticated analytics.
Key benefits to the target audiences include:
— Comprehensive, Integrated Offering. WSS bundles Dow Jones
News, Multex Earnings, First Call Earnings, EDGAR Live Feed,
Barrons, WSJ Dynamic News Feed, among many others; Neovest
offers a total, end-to-end solution – from pre and post trade
analytics to one of the most acclaimed direct access platforms
available.
— Unsurpassed, Real-time Idea Generation. Both solutions allow
clients to dynamically monitor the entire universe of stocks,
or any subset thereof. Users are alerted to only the specific
news and information that is important to them in real time,
while it has maximum value and can be acted upon.
— Significant Cost Savings. Several of the most popular,
comparable systems are double, even triple the cost, and yet
provide users with significantly less information and breadth
of functionality.
“It really is a case where the whole is much greater than the sum of the parts,” said Bryce Byers, CEO of Neovest. “From the synergies of our target audiences to the complimentary nature of our products, this alliance allows us to deliver a unique solution that is the perfect blend of fundamental and technical functionality. We’re already seeing a tremendous amount of interest from the marketplace.”
John Albert, Chairman and CEO of Wall Street Source agrees. “A key focus of both companies has been the real-time filtering of information – bringing exactly what’s important to the investment professional while the information has maximum value. Our expertise is on filtering news and fundamentals; Neovest is a master with market data. Together, our offering is incredibly comprehensive – and unparalleled.”
1StopPro is an easy-to-use, customizable interface of data, news and market information critical to financial professionals. Customers have the ability to filter multiple sources of news and fundamental data in real time, bringing them only what’s relevant. Neovest’s powerful direct access technology allows the buy- and sell-side communities to leverage a comprehensive, tightly integrated suite of pre-trade analytics, quotes and advanced order entry functionality to achieve best execution within today’s fast-paced and fragmented electronic markets.
About Neovest, Inc.
Neovest, Inc. develops and markets proactive, intelligent technology that maximizes the performance of hedge fund and money managers, brokers, investors and other professional traders. Tightly integrated features include a full suite of pre-trade analytics, filtering/reverse filtering, advanced order entry, broker buttons, intelligent order generation, fully automated trading, complete anonymity, direct access to multiple pools of liquidity, DDE links and full depth of book for all major ECNs. Neovest technology filters out non-essential information, in real-time, bringing users exactly what they want to see and nothing else in the most robust and tightly linked environment available, along with the tools necessary to act on that information before its true value perishes. For more information, visit www.neovest.com.
About Wall Street Source
Wall Street Source Inc., founded in 1998, is a news and information company headquartered in New York City. Wall Street Source has developed a Web-based platform of news and information that more than 800 financial institutions currently use, incorporating data from 400 separate databases into a seamless and user-friendly system. Wall Street Source is a leader in Web-based solutions for the financial community. For more information, visit www.wssource.com.
