International systems and software provider CMS WebView plc is pleased to announce it will be collaborating with Comhedge Pte Ltd, a Singapore-based software developer and data vendor company established in 1998, to evaluate the commercial potential of providing CMS market data software solutions in South East Asia.
The work commences in early 2006.
The project will initially cover Singapore, Malaysia, Hong Kong and Thailand with the following objectives:
- Evaluation of the market size and subsequent sales and support approach for CMS's TDI Feed product.
- Promoting CMS's TDI data management software for exchanges, banks and other corporate financial services organisations.
- Use of Comhedge's Singapore offices as a base for CMS's operations during the marketing project.
- The establishment of a TDI server in Singapore.
- The establishment of demonstration facilities.
- Both parties will be allocating relevant resource during the course of this project, the first phase of which is expected to be completed in the second quarter of 2006.
Bob Antell, CEO of CMS WebView plc, said: "Encouraged by new enquiries in South East Asia and other countries for our TDI Feed product, we are keen to verify the market potential there, along with appropriate levels of sales and customer support.
"Comhedge's experience of selling price vendor systems into banking, trading and exchange-related business in South East Asia means we can benefit from their local contacts and experience in this market."
Alain Farhi, Managing Director of Comhedge, added: "We are very pleased to be working with CMS on this project. We have evaluated CMS's TDI products, and believe it will be time and money well spent in assessing their viability with our financial institutions customer base.
"One aspect we particularly like about the CMS TDI product range is its ability to combine a consolidated feed together with proven ticker plant technology. This convenience will appeal to potential customers who would like to integrate CMS's data feed with the data feeds they already take from other sources."