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Simplex selects VhaYu technology for Japanese market data system

01 November 2004  |  1288 views  |  0 Source: VhaYu Technologies

VhaYu Technologies Corp. announced today that it has signed an agreement with Simplex Technology, Inc. (TSE:4340) to license VhaYu's Market Data System (MDS) to capture, store and analyze Japanese market data covering equities, indices and foreign exchange.

Under the terms of the agreement, Simplex Technology will develop a "Powered by VhaYu" - branded real-time and historical tick-data storage and charting solution for Tokyo-based Himawari Securities, Inc., a broker/dealer in Japan and part of Himawari Holding (JASDAQ: 8738).

According to Jeffrey Hudson, CEO at VhaYu, Himawari's online brokerage customers will see an immediate benefit in their ability to gain rapid responses to real-time queries and real-time charts. "Our patent-pending software technology has been proven time and again to quick-deliver the competitive advantage global market participants expect today. We are very pleased that we can begin serving the Japanese securities marketplace. Simplex has a strong footprint there."

Added Hudson, "Simplex turned to us for our industry-recognized capabilities in storing and analyzing massive amounts of fast-changing market data. VhaYu's speed and ease of use are of great importance to Simplex and Himawari."

"VhaYu's superior technology solution made this an easy decision," said Hideki Kaneko, CEO at Simplex Technology. "It validates our continuing efforts in Japan as well as all of Asia to provide technologically-advanced solutions that help investors discover untapped opportunities and act on them faster to enhance earnings. We look forward to building a long-term relationship with VhaYu and by first developing the new market data solution for Himawari Securities."

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