Reuters and a host of top technology companies are to demonstrate a proof-of-concept application for the delivery of reliable securities trading and information services to pocket PCs.
Reuters has combined with Compaq, Sun Microsystems, SpiritSoft and Isocra to demonstrate its mprism.net venture at the Wall Street on Java Technology event in New York. The partners say they want to solve the deployment, management and quality-of-service issues surrounding the use of mobile trading applications. The venture aims to prove that traders away from their desks can benefit from multi-function trading and at the same time have confidence in the communications infrastructure.
The initial proof-of-concept application, dubbed iPRISM, uses an intelligent business event management architecture to ensure that there is dynamic management of the mobile device. If the quality of service changes significantly, the application is alerted and the user is made aware of fluctuations and implications, which may affect trading capabilities.
iPRISM has been developed using enterprise Java technologies from SpiritSoft and Isocra and shows the Instinet Fixed Income Transaction service and Reuters information service on a wireless Compaq iPAQ.
Mike Sayers, chief technology officer, Reuters comments: "Reuters and its technology partners are using mprism.net as a proving ground for new technologies that will allow us to meet the challenge of providing financial markets content and services in an untethered world."