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Home > Financial Press Releases > IMTRADER Adds Over 10 Brokers to the Network, Doubles Users and Gains International Reach
IMTRADER Adds Over 10 Brokers to the Network, Doubles Users and Gains International Reach
New York, NY (PRWEB) November 30, 2005 -- IMTRADER, the AIM®-certified trading, communications and research distribution network, announced today that it has added over 10 new brokers to the IMTRADER Network and doubled its user base to over 1,000 buy-side and sell-side members, including some international buy side traders.
Clients that have joined the IMTRADER community in the last quarter include Instinet LLC, Belzberg Technologies, Inc., Kelly and Christensen, Flagstone Securities as well as a major investment bank. With over 80% of traders using IM, financial services firms are looking for a single, compliant platform to streamline workflows, increase trader efficiency and tighten client relationships. Currently 28 million global business users use IM to send nearly 1 billion daily messages. The Financial Times recently reported in an October 28th article on the growing uptrend in the adoption of IM among financial professionals “some of the biggest IM users are in financial services”.
“We selected IMTRADER for more efficient, less expensive trading and communications with our institutional client base in Switzerland. International phone calls are costly and e-mail isn’t real-time. Since our clients already use AIM®, selecting IMTRADER was an easy choice,” explains Steve Menendez, vice president of institutional trading at Flagstone Securities. “This is a powerful tool for international trading and communications—IMTRADER will greatly strengthen the relationship we have with our clients. They are excited to be using the latest in trading technology.”
“IMTRADER’s full offering will enable us to receive orders directly into our OMS---streamlining workflows while allowing us to focus on achieving best execution for our customers,” explains Sid Belzberg, CEO of Belzberg.
“We have a significant buy-side client base that sends order flow via instant messenger, explains Mark Nauman, president of Kelly and Christensen. “Our clients are going to use this tool as a light-weight order management system—they are very excited about streamlining their daily workflow.”
"As early adopters of innovative technologies, our clients understand the importance of employing the latest technology that gives them a competitive advantage" explains Furqan Nazeeri, CEO of Pivot Solutions, the technology firm behind IMTRADER.
About IMTRADER
IMTRADER is the highly-customizable instant messaging, electronic trading and research distribution network for the professional trading community IMTRADER has a licensed connectivity agreement with the AOL® Instant Messenger ™ (AIM®) service, which allows IMTRADER to provide secure communications and trading over the AOL network. A spin off of Eze Castle Integration in 2004, IMTRADER has traded over 3 billion shares. Pivot Solutions, the company behind IMTRADER, is backed by investors including Draper Fisher Jurvetson Gotham Ventures and Hudson Ventures.
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