Radianz adds Relegence
24 February 2004 | 408 views | 0
Radianz, the leading provider of secure, reliable, and scalable counterparty, supplier and customer connectivity to the global financial industry, and The Relegence Corporation today announced that Relegence's FirstTrack service will be distributed to financial institutions via Radianz's global market infrastructure.
Through this agreement, the 10,000 financial services sites connected to Radianz's infrastructure will gain access to Relegence's FirstTrack, a leading business news and intelligence gathering, analysis and distribution service for financial services institutions. Radianz clients will have access to the more than 12,000 sources of primary business news and intelligence content, including news wires, Web sites, business television, regulatory data, and internal research and analysis available via FirstTrack. FirstTrack also enables users to filter, sort, summarize, and monitor content based on limitless criteria. In addition, FirstTrack's artificial intelligence component helps users monitor the "heat" or activity generated by news and intelligence across the editorial landscape.
"Radianz is a new and powerful means of distribution that will reduce our time to market and bring a tremendous new pool of clients to Relegence," said Casey Potenzone, director of technical operations for Relegence. "Through Radianz's infrastructure, we will offer current and future clients the highest performance, most secure means of deploying FirstTrack. Our Radianz-enabled clients will experience faster implementation of our solution and a completely secure, 'always-on' environment."
"The addition of Relegence to our growing list of market data providers is a great opportunity to facilitate the access to and distribution of vital market information," said Chris Church, executive vice president and head of Global Sales and Marketing at Radianz. "As the industry's need for greater price transparency and data distribution increases, it becomes very important for market infrastructure providers to build community and create an environment that enables financial institutions and market data vendors to communicate pertinent trading information over one platform."