Nexa Technologies, Inc. (http://www.nexatech.com ), a leading provider of advanced trading solutions and a subsidiary of Penson Worldwide, Inc. (Nasdaq: PNSN), and QuoteMedia, Inc. (OTC Bulletin Board: QMCI), a leading provider of market data services and financial applications, today announced that Regal Securities has become the first client to implement the new Meridian online trading platform provided jointly by Nexa and QuoteMedia.
Earlier this year, QuoteMedia and Nexa entered into a strategic relationship in which Nexa would incorporate QuoteMedia content into Meridian, Nexa's advanced and flexible browser-based trading platform for equities, options and futures. Regal Securities is the first client to take advantage of this joint offering.
Regal Securities and their online discount brokerage division Investrade Securities, which provide custody functions, state-of-the-art technology and execution capabilities in all major markets for their clients, will have access to QuoteMedia's comprehensive financial market data and research solutions through Meridian.
"We have been extremely impressed with QuoteMedia and Nexa," said Robert Villaflor, Chief Operating Officer of Regal Securities. "The seamless integration of QuoteMedia's technologies into our trading platform enhanced our client offerings instantly. We were especially pleased with Nexa's and QuoteMedia's ability and willingness to incorporate our suggestions when tailoring the products to meet our needs. We are committed to providing our clients with the best possible trading technologies, and Nexa and QuoteMedia's innovative solutions have enabled us to continue toward this goal."
"By incorporating QuoteMedia's products into our Meridian offering, we are able to create a more robust and dynamic offering while expanding the depth of market data content made available to our clients," said Mark Munoz, SVP Corporate Development, Nexa Technologies. "Regal is the first to take advantage of some of the industries most advanced trading tools and financial content available today."
"The synergies realized through our strategic partnership with Nexa are profound to both of our businesses," said Dave Shworan, CEO of QuoteMedia Ltd. "Through this relationship, QuoteMedia is able to reach the broadest possible audience with our applications. Together, Nexa and QuoteMedia can provide customers with one of the most comprehensive online trading systems on the market."
About QuoteMedia, Inc.: http://www.quotemedia.com
QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ level 2, TSX/TSXV market depth, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Forbes.com, Scotia Capital, Southwest Securities, Automated Financial Systems, FBR Direct, AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, WallStreet*E, Business Wire and others. For more information, please visit: http://www.quotemedia.com.
Statements about QuoteMedia's future expectations, including future revenue, earnings, and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the company's SEC reports and filings, and are subject to change at any time. QuoteMedia's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.
About Nexa Technologies, Inc.: http://www.nexatech.com
Nexa Technologies, Inc., is a provider of online and direct access trading solutions. Founded in 1999, Nexa Technologies is a subsidiary of Penson Worldwide, Inc. Its comprehensive product set incorporates multi-asset direct access trading systems, FIX-compliant order routing, comprehensive data and market access to European & North American equity, options and derivatives exchanges and ECNs.
Nexa Technologies added historical intraday time series data into its product range in January 2005 when Penson Worldwide acquired Tick Data, Inc. The Tick Data division, which provides clean, reliable historical intraday time series data for the equities and futures markets, employs proprietary compression algorithms, price-filtering techniques, and ticker symbol mapping processes to produce complete, research-ready historical data. From efficient data collection and distribution to seamless integration with third-party analytical software, the Tick Data division removes the frustration from building and maintaining historical databases.
About Penson Worldwide, Inc.: http://www.penson.com
Penson Worldwide, Inc. is the parent company for Penson Financial Services, Inc., Penson Financial Services Canada, Inc., Penson Financial Services, Ltd., Nexa Technologies, Inc. and Penson Financial Futures, Inc. among other companies. The Penson Worldwide group of companies provides execution, clearing, custody, settlement, and technology infrastructure products and services to securities firms and others servicing the securities industry. Penson Financial Services, Inc., headquartered in Dallas, Texas, has served the clearing needs of all types of broker/dealers since 1995. Penson is the flexible choice in global securities services. TM
Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Penson's actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.