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YOUDEVISE & RELEGENCE ENHANCE TRADE IDEA MONITOR WITH STOCK NEWS, INFORMATION & "HEAT" INDICATORS NEW YORK, June 20, 2006 - youDevise Limited and The Relegence Corporation today announced an agreement that enables instant access to Relegence's news, information and "heat" indicators for users of youDevise's Trade Idea Monitor - the fast growing electronic communication system sell-side brokers are employing to send time-sensitive trade ideas to institutional investors, hedge funds and proprietary trading desks. Trade ideas are specific recommendations that tell a client when to buy or sell an equity, long or short, their reasoning, and how much money to commit to the trade. "A key value of the Trade Idea Monitor (the TIM), is fast access to the best trade ideas brokers have to offer in a format that makes it easy for recipients to promptly put the information to work," said Colin Berthoud, Director of youDevise. "Through Relegence, the TIM is now able to offer equally fast access to news in a value-added format that helps users take further advantage of trading opportunities. If a trader likes the idea and trusts the broker, they can click to see what the rest of world is saying, then decide. No need to waste time switching to another screen or computer, and then hunting for the information." "We are pleased to partner with youDevise and pair the world's fastest-growing trade idea communication and management system with our cutting-edge technology to create a must-have tool for brokers, institutional investors, hedge funds and proprietary trading desks," said Steve Fadem, Relegence's president and chief executive officer. "Relegence is the ideal partner for the TIM's growing number of users in the U.S., U.K. and Japan. We feature news and information from 20,000 global information services, in multiple languages, and simultaneously monitor, index, and filter content from local and international newswires, television, blogs, email, regulatory feeds, and the businessoriented web." Relegence is being offered as a premium add-on feature for the TIM. For an additional cost, news from Dow Jones and other wire services can also be integrated through Relegence. The TIM is accessed using a standard Internet browser on an on-demand basis, enabling customers to initiate use within a day. Detailed equity ideas are securely transmitted and stored at the Repository & Distribution Center, which youDevise developed as an industry utility for Citigroup, Credit Suisse, Dresdner Kleinwort Wasserstein and Merrill Lynch. Prior to the TIM, sell side ideas were communicated via telephone, email or by manually keying them in to multiple client systems. Money managers tracked them on paper, spreadsheets, or via custom systems. The TIM was introduced in the U.K. in October 2005, February 2006 in the U.S., and on Reuters 3000 Xtra terminals in April 2006. About youDevise Limited youDevise Limited (www.youDevise.com), based in London, provides on-demand applications for financial markets. The company's leading applications provide portfolio management for liquid and illiquid assets. They include the Trade Idea Monitor (the TIM), for the high-speed communication of equity trade ideas and portfolio ideas between institutional brokers and their money manager and hedge fund clients, and the Hedge Fund Information Provider (the HIP), the first commercially available portfolio management system for funds of hedge funds. All youDevise' applications leverage its proprietary Information Distribution Server (IDS), which facilitates the exchange of data between different market participants. About Relegence The Relegence Corporation (www.relegence.com) is the leading real-time financial services news engine, providing market and business intelligence to global buyside and sell-side institutions. Relegence's automated infrastructure uniquely aggregates structured and unstructured information from internal resources, external research, from over 20,000 global information services, in multiple languages. In addition to its cuttingedge technology, it has created the world's largest business-focused news pipeline delivering customized live content to users in real-time, to any communications device. |
