Business Services Industry
New York Stock Exchange Trading Floor Telecommunications Network To Employ Withit.com Internet-Based Audio Streaming: Fidelity Investments Among the First to Get Withit
Business Wire, August 17, 2000
Business/High-Tech Editors
CHICAGO--(BUSINESS WIRE)--Aug. 17, 2000
Withit.com, a leader in Internet media distribution solutions, today announced plans to deliver Internet-based audio broadcasts from the floor of the New York Stock Exchange (NYSE).
Withit.com will be able to connect directly to the New York Stock Exchange's telephone network. This link will allow NYSE members and authorized trading floor personnel to connect to the Withit broadcast infrastructure from the floor of the exchange, which will make it possible for members of the exchange to broadcast worldwide in real time to traders affiliated with member firms.
Members of the exchange will be able to access the Withit infrastructure through the member's booth, yellow phones, and pending SEC approval, the NYSE cellular phone network. The Withit broadcast infrastructure digitizes any content and streams it to authorized users around the world.
Fidelity Investments has signed a letter of intent to become the first customer of Withit.com's NYSE global broadcast network. Withit.com anticipates a product launch by September 2000.
About withit.com
Withit.com is a business-to-business Internet media distribution company. The Company develops and markets proprietary server and browser-based products and services that broadcast media in real-time. These products and services allow clients to completely outsource the "media function" as Withit.com distributes, monitors, maintains, and supports media feeds to users globally.
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