To: Jeff Jordan who wrote (3595 ) 3/5/1999 8:27:00 AM From: Jeff Jordan Respond to of 9115
angelfire.com PC Quote Unveils Hyperfeed 2000 Advanced proprietary technology delivers complete real-time market data at reduced cost CHICAGO, March 5, 1998 - PC Quote, a long-time technological leader in financial market data delivery today announced the introduction of HyperFeed 2000, the next generation in market data technology for the demanding and discriminating investor. Combining advanced IP Multicast technologies with a new proprietary compression technique, HyperFeed 2000 boasts the flexibility and expandability to consistently deliver massive volumes of market data in true real-time. PC Quote's proprietary compression technology actually reduces bandwidth consumption allowing HyperFeed 2000 recipients to enjoy the benefits of the full T-1 HyperFeed with over 350,000 equity, option and commodity issues, including full option chains, at a fraction of the current communications cost. PC Quote's product introduction comes at a time when an increasing number of data vendors are faced with imminent threats to their capacity and bandwidth capabilities. "It is becoming increasingly difficult to deliver today's massive amounts of real-time market data," stated Jim R. Porter, PC Quote Chairman and CEO. "As vendors face repeated capacity and bandwidth constraints, many are forced to prioritize their datafeed components - ultimately to determine whether they can continue to deliver a complete feed. PC Quote's roots are in options trading and so we truly understand our clients' vital need for comprehensive, accurate and reliable real-time data. Our approach to datafeed delivery may be unique, to deliver all of the data all of the time, in true real-time, but our customers certainly realize the value." "We are well aware that financial market data is available from a number of sources," continued Porter, "but we are convinced that there is a true difference among datafeeds especially during heavy market activity and in derivative markets. Generally, investors will not notice the disparity until sudden volume spikes cause their vendor to fall behind or to drop quotes. These are the times when HyperFeed 2000's superiority is clearly evident. Our innovative technologies have produced a tickerplant with unparalleled throughput and compression techniques so advanced that we've actually reduced our bandwidth consumption. Whether you are a major financial institution or an individual investor, PC Quote is committed to delivering execution-quality, complete, real-time market data faster, more reliably, and cost-effectively than our competition. And now with HyperFeed 2000 we are prepared for whatever volume concentration the market throws our way. Investors are faced with numerous challenges every day," Porter concluded, "the last thing they need to worry about is whether their data vendor can handle a sudden surge in activity." A handful of PC Quote clients have been testing and using HyperFeed 2000 since late 4th Quarter 1998. "HyperFeed 2000 utilizes common hardware to encapsulate data into IP or Internet Protocol packets, the standard way of sending data over a network," explained Mike J. Kreutzjans, PC Quote's Chief Technology Officer. "This technique makes it easier to send, receive and integrate HyperFeed's robust market data into any type of network. In addition, advanced multicast technologies provide us with the ability to seamlessly expand as needed to meet rising market data volumes." About PC Quote, Inc. PC Quote, engineer of HyperFeedâ„¢ and HyperFeed 2000, provides delayed and real-time securities quotations and news to financial and consumer markets worldwide. Long a technological leader in market data delivery, PC Quote boasts a long line of industry "firsts." Most recently, PC Quote was the first data vendor to power its datafeed by a 100% Windows NT-based ticker plant and the first to deliver 1024KB over the Internet. PC Quote's professional clients include brokerage firms, banks, insurance companies, fund managers, as well as institutional and professional investors. The company has expanded its service offerings to the individual investor, application developers and businesses by offering its products through the Internet. PC Quote.com, a recently created internal business unit, manages the company's web site which offers non-fee delayed quotes to all visitors as well as fee-based real-time subscription market data services.