30 Aug 2002: Bang, Investhink Team Up for XML-Based Data Delivery

Financial institutions have a new option to significantly reduce and consolidate market data distribution and market data software costs through a new alliance between Investhink Ltd. and Bang Networks.

The alliance brings Investhink’s suite of XML-based market information management products and services together with Bang Networks’ intelligent information messaging platform, which enables customers to significantly reduce the technology costs of sharing real-time information across the enterprise and to external partners and customers.

The combined solution from Investhink and Bang Networks provides a complete real-time market data distribution and presentation platform. Customers can view market information, indicative rates and analytics using advanced browser-based displays driven by a high-performance, flexible messaging system.

The companies believe that customers directly benefit from greater cost savings and flexibility as compared to the traditional high cost and inflexible market data systems that financial organizations currently deploy.

“By combining Investhink's comprehensive market data management and display platform with Bang Networks’ real-time transport capabilities, financial institutions can service all user types across the enterprise, from the trading room to the off-trading-floor area, and beyond to remote clients,” said Andrew Delaney, director of business development at Investhink.

“Bang Networks’ relationship with Investhink continues our strategy to offer financial services firms a comprehensive, cost-effective solution for their pre-trade, trading, and post-trade activities,” said Stephen Epstein, director, business development, Bang Networks. “Investhink offers a compelling and complete solution for pre-trade activities.”