CMS wins exclusive European sale rights to ProphetX

CMS wins exclusive European sale rights to ProphetX

Market data technology vendor CMS WebView has won the sole rights to sell and support ProphetX, the market price display system for energy and commodity traders, in mainland Europe.

CMS's agreement with US firm DTN Market Access, owner of ProphetX, extends the exclusive rights CMS has to market the system in the UK. Since last summer, CMS has successfully sold the service to over 20 corporate clients including Vitol and E.D & F Man, both multinational commodities trading companies, as well as Fortis Bank.

Typically priced at £200 per month per terminal, the package has already proved popular in the USA, selling over 4000 terminals.

CMS says it has begun recruiting a network of agents on the European mainland to handle sales.

Bob Antell, chief executive of CMS, comments: "We're starting our entry into Europe via the major commodity trading centres, where a number of our current clients have branches or indeed their headquarters. These therefore represent likely opportunities for immediate sales."

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