QuoteMedia, Inc. (OTCBB: QMCI) a leading provider of financial stock market data, today announced a strategic partnership with International Private Banking Systems (IPBS), the specialist provider of wealth management software for the private banking sector.
Under the terms of the agreement, IPBS clients will benefit from real-time market pricing for ebanking, etrading and the back office.
IPBS has integrated QuoteMedia's proprietary data feeds into its existing wealth management applications, to provide dynamically updating real-time information as a subscription service to IPBS customers.
By enhancing the IPBS solutions for ebanking and etrading to use QuoteMedia real-time market pricing to value securities and estimate trade order costs, customers will benefit from the up to date and accurate market information that is essential for trading in today's fast paced financial environment.
"We listened carefully to the needs of our customers and the market, and this partnership is a response to requests for a better and more cost effective solution to obtaining real-time pricing and valuation data," said Bruce Raine, Founder and President of IPBS. "As a modern service accessed via the web, with excellent technical support, many of our clients, who currently use Bloomberg and Reuters, for back office market pricing and corporate data will be able to more easily and cost effectively, access this crucial data from Quotemedia."
"QuoteMedia offers customers the advantages of a single source for comprehensive market data and research information. The ease of access to QuoteMedia data and the seamless integration with IPBS solutions for ebanking and etrading means that customers can now trade from a more accurate financial position," said Dave Shworan, CEO of QuoteMedia Ltd. "We are pleased to be working with a proven supplier such as IPBS. The addition of market and financial data from QuoteMedia ensures that IPBS clients will be able to make superior business and trading decisions."
"Together, we will deliver better, more competitively priced trading and banking solutions to the offshore market, in line with our strategy to continually enhance the value that we provide to our customers," concluded Raine.
IPBPBS/e-Banking & e-Trading empower the end client, not only with up to the second values of portfolio investment positions, but with real time, exchange based, trading support for estimating the cost or proceeds of a decision to buy or sell. IPBS/e-Trading is electronically interfaced with the IPBS/Trade Desk Dealing Room for immediate trade execution.