Business Services Industry
HyperFeed Welcomes VhaYu to Its HIVE Alliance Partners; See Joint Products at the SIA Conference in Booth 1427
Business Wire, June 8, 2004
Business Editors/High-Tech Writers
SIA Conference
CHICAGO--(BUSINESS WIRE)--June 8, 2004
HyperFeed Technologies, Inc. (NASDAQ:HYPR), the creator of HTPX high performance ticker plant platform for exchanges, financial institutions, content providers, and re-distributors today announces that VhaYu Technologies Corp., the leader in supplying the fastest and easiest to use market data solutions, has joined its HIVE Alliance Partners Program. The HIVE Program gives channel partners and value-added resellers access to HyperFeed's HTPX platform. By writing to HyperFeed's industry standard APIs, partners who have trading applications requiring low latency exchange information can leverage HyperFeed's HTPX platform to access exchange feeds and other proprietary information.
"VhaYu is a well-known brand used by several major financial institutions, and offer exceptional value added solutions for quantitative trading needs and trading styles," said Paul Pluschkell, HyperFeed's President and CEO. Pluschkell further comments, "As we deploy our HTPX technologies in the industry, we are proud to offer the HTPX compatible applications of our alliance partners in an open model that allow our customers the ability to facilitate solutions that meet their unique requirements. Our customers get the added benefit of being able to integrate HIVE Alliance Partner products and HTPX platform services with their current distribution systems."
"Our partnership with HyperFeed was driven by customers who are looking to reduce latency associated with acquiring, capturing, storing, and analyzing market data. HyperFeed delivers direct access to exchange generated data and we capture that data for storage and analytical processing. Customers who use our respective solutions get a reduction in latency across all stages of transmission and processing. This reduction in latency delivers what amounts to an unfair competitive advantage for our customers," says Shanti Dev, President of VhaYu. "Being able to capture the real time data, run pre/post trade analytics faster than the competition, gives our index/stat arbitrage, and program/algo trading customers a real money making advantage. We are happy to team with HyperFeed as we pursue our mutually shared vision of near zero latency."
HyperFeed's HIVE Alliance Partners Program allows its customers unparalleled access to standards-based exchange information and related services, facilitating of complete solutions among providers with close relationships.
About HyperFeed Technologies, Inc.
HyperFeed Technologies, Inc. (NASDAQ:HYPR) provides high-performance software and enterprise services to process, transmit, distribute and manage market data. HyperFeed's market-leading software technology serves as a corporate-wide ticker plant, providing financial institutions with the flexibility and agility to control their own data sources and data content in a cost-effective manner.
About HyperFeed's HTPX
HyperFeed's HTPX platform, comprising of HVAULT and HBOX products, is specifically designed to support real-time market data. Data management, data reporting and value-added services are used to deliver and access financial content with a minimal latency. Its software can be used with industry-leading APIs, third-party applications or online desktop solutions.
HTPX has a flexible licensing model that can fulfill the needs of financial institutions, exchanges, content providers, re-distributors, channel partners and value-added resellers. HyperFeed provides hosted and fully managed ticker plant services from its fully redundant ticker plant systems. These services, known as HTPXm, are ideal for application and data vendors who wish to use state of the art ticker plant technology to support their clients.
For more information visit www.hyperfeed.com
About VhaYu Technologies
VhaYu Technologies Corp. is the leader in delivering fast and easy-to-use market data solutions specifically designed for financial institutions for whom market data is critical to trading operations. The VhaYu Market Data Solution allows firms to capture, store and perform real-time analytics on both historical and real-time market data. Through its unique patent-pending technology, the VhaYu Market Data Solution gives a significant competitive advantage to its customers by delivering the information needed to make trading decisions faster than any other available system. VhaYu's customer base includes broker/dealers, the leading online discount broker, hedge funds, market data providers and alternative trading systems. VhaYu was founded in 1998 by a group of experts in multiprocessor design, real-time operating systems, enterprise database systems and financial market data and is backed by top tier investors, including Deutsche Bank (NYSE:DB), Garage.com and Menlo Ventures.
For more information visit www.vhayu.com
HyperFeed Contacts:
Christine Colp
Corporate Communications
HyperFeed Technologies, Inc., Chicago
(312) 913-2833
ccolp@hyperfeed.com
VhaYu Contact:
Martin Rabkin914-420-5739
mrabkin@optonline.net
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