Source: TeleCommunication Systems
TeleCommunication Systems, (TCS) (NASDAQ: TSYS), a leading wireless financial market data provider, has announced that its streaming market data solution, marketStream, is now available for BlackBerry(r) Wireless Handhelds from Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM).
Morten Nielsen, Managing Director of TeleCommunication Systems, Ltd. said, "The launch of marketStream for BlackBerry has been timed to coincide with the announcement of the shutdown of the O2 pager network scheduled for December 2004. For those that need reliable mobile financial market data, there is no better time than now to upgrade to marketStream, the next generation financial data delivery system."
All BlackBerry users, both individual and corporate, can now install the marketStream application on their handheld to give them global access to streaming equity security prices and volume, foreign exchange rates, futures, commodities and fixed income prices, as well as news and charts. marketStream is an easy-to-install, Java-based application that provides access to over 30 financial markets around the world.
William Townrow, a London-based stockbroker and marketStream user, said, "marketStream has quickly become of enormous value to me. Now I can monitor the financial instruments that are important to me anytime, anyplace. That means I can react immediately to any movement to either capitalise on, or limit the risk of that movement. I am certain that the marketStream application on the BlackBerry platform will prove to be immensely popular within the financial community."
"The BlackBerry platform is already widely deployed within financial industries and the marketStream application provides a complementary suite of advanced features for mobile professionals who wish to track global financial instruments on the go," said Mark Guibert, Vice President, Corporate Marketing at Research In Motion.
As General Packet Radio Service (GPRS) makes wireless streaming possible, the users of marketStream receive essential market information significantly sooner than with paging, snapshot products, or through store-and-forward network channels.
Furthermore, as a Java client designed specifically for wireless market data streaming, marketStream uses available ble bandwidth more efficiently than most wireless browser-based solutions. This results in a quicker and higher return on the user's investment in a wireless solution, since the user can react more rapidly to market fluctuations and make more informed trading decisions. Utilizing packet-based networks ensures that a marketStream user is always connected, but the user only pays for the volume of data sent.