QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data services and financial applications, and Nexa Technologies, Inc., a leading provider of advanced trading solutions and a subsidiary of Penson Worldwide, Inc. (NASDAQ: PNSN), today announced that Regal Securities has become the first client to implement the new Meridian online trading platform provided jointly by Nexa and QuoteMedia.
Earlier this year, QuoteMedia and Nexa entered into a strategic relationship in which Nexa would incorporate QuoteMedia content into Meridian, Nexa's advanced and flexible browser-based trading platform for equities, options and futures. Regal Securities is the first client to take advantage of this joint offering.
Regal Securities and their online discount brokerage division Investrade Securities, which provide custody functions, state-of-the-art technology and execution capabilities in all major markets for their clients, will have access to QuoteMedia's comprehensive financial market data and research solutions through Meridian.
"We have been extremely impressed with QuoteMedia and Nexa," said Robert Villaflor, Chief Operating Officer of Regal Securities. "The seamless integration of QuoteMedia's technologies into our trading platform enhanced our client offerings instantly. We were especially pleased with Nexa's and QuoteMedia's ability and willingness to incorporate our suggestions when tailoring the products to meet our needs. We are committed to providing our clients with the best possible trading technologies, and Nexa and QuoteMedia's innovative solutions have enabled us to continue toward this goal."
"By incorporating QuoteMedia's products into our Meridian offering, we are able to create a more robust and dynamic offering while expanding the depth of market data content made available to our clients," said Mark Munoz, SVP Corporate Development, Nexa Technologies. "Regal is the first to take advantage of some of the industry's most advanced trading tools and financial content available today."
"The synergies realized through our strategic partnership with Nexa are profound to both of our businesses," said Dave Shworan, CEO of QuoteMedia Ltd. "Through this relationship, QuoteMedia is able to reach the broadest possible audience with our applications. Together, Nexa and QuoteMedia can provide customers with one of the most comprehensive online trading systems on the market."