eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology for the global capital markets, announced today its innovative wireless market data and trading solution for institutional trading of benchmark U.S. Treasury bond issues and foreign exchange to market professionals via the Microsoft Windows Mobile 5.0 platform.
eSpeed's wireless market data and trading solution, which was launched in June 2005, provides state of the art trading access to eSpeed's clients and real-time market data to Cantor Market Data's clients. eSpeed's clients include the world's largest dealing and trading institutions comprised of the wholesale secondary market for U.S. government securities. Cantor Market Data's clients are comprised of a broad range of financial market participants who rely on real-time price information to make critical trading decisions.
With eSpeed's wireless solution, market professionals can execute trades in real-time or obtain critical market data and analytics for the foreign exchange and U.S. government bond markets when they need it, without being restricted to their desktops. eSpeed will offer its application via the Microsoft Windows Mobile platform on wireless devices such as the Motorola Q and the Palm Treo 700w.
In conjunction with BGC, a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed-income, interest rate, foreign exchange and derivatives markets worldwide, eSpeed plans on adding further instruments to its wireless application in the future in an effort to broaden the pipeline of tradable instruments and market data that will be available on a wireless basis. These will include futures, European government bonds and other securities and derivative products throughout the credit markets.
Commenting on today's announcement, Brent Wilkins, Managing Director at eSpeed said, "As a leader in secure wireless financial market data and wireless transactions, eSpeed always strives to bring premier services to its clients. This effort ensures that institutional traders will continue to be able to use eSpeed's wireless application should they decide to use a Windows Mobile powered device. We see numerous opportunities in the wireless sector and are proud to partner with Microsoft in developing our world class application for the Windows Mobile 5.0 platform."
"Windows Mobile helps people stay on top of their jobs by providing them with access to email, documents and business applications when they are away from their desk," added Adam Kornak, financial services industry manager for mobility at Microsoft. "eSpeed offers market professionals a solution to access their critical information on Windows Mobile devices and illustrates the innovation being delivered by our partners on Windows Mobile."