NEW YORK , June 18, 2009 – Two leaders in the market data space – NYSE Technologies and Jordan & Jordan – today announced they are working together to help customers effectively manage and reduce their spending on market data.
NYSE Technologies and Jordan & Jordan Reach Agreement
Designed to Help Customers Manage and Reduce Their Market Data Expenses
NYSE Technologies, a division of NYSE Euronext (NYX) and a leader in market data products and services, and Jordan & Jordan, a preeminent market data, management consulting and information technology company, have reached an agreement that will expand NYSE Technologies’ DART system (Data Administration and Reporting Technologies) by integrating it with Jordan & Jordan ’s Vendor Reporting System (VRS). As a result, customers will have a single set of tools and services that can help them entitle data, identify and eliminate under-utilized vendor devices and exchange services, net multiple devices used by a single person, and report directly to most exchanges globally.
“Together with Jordan & Jordan we are addressing our customers’ mission-critical need for cost-effective solutions to manage data dissemination, administration and reporting, and partner with our customers to help them reduce costs in these difficult times,” said Stanley Young, CEO of NYSE Technologies and Co-Global CIO of NYSE Euronext. “The volumes of market data are growing exponentially, as is the complexity of dealing with myriad data streams and usages. This new partnership underscores our commitment to simplify and economize this work for our customers by offering global, exchange-agnostic solutions.”
“Jordan & Jordan is always looking for new ways to address client demands; VRS was created to automate market data device netting and reporting with the end goal of reducing data costs and the time spent producing exchange and vendor reports,” said Tom Jordan, CEO of Jordan & Jordan. By integrating VRS with the full capabilities of NYSE Technologies’ DART products, and by establishing an ongoing partnership with NYSE Technologies, our clients will have an increased level of risk assurance and long-term cost savings.”
The combined NYSE Technologies and Jordan & Jordan system will be available for demonstration at the SIFMA Technology Management Conference & Exhibit, June 23-25.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. ,Europe , Singapore and Japan , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
About Jordan & Jordan
Jordan & Jordan is a market data, management consulting, and information technology services firm specializing in the financial services industry. We bring seasoned industry professionals with practical experience in the financial services industry to work with our clients to meet the technology needs of their end users. Our team of professionals possesses a broad range of market data expertise and experience gleaned from all segments of the industry: brokerage firms, market data vendors, and exchanges. Jordan & Jordan has effectively integrated the knowledge and expertise of these resources to provide market data focused services to clients. Significant engagements have included managing multiple global exchange market data assessment and compliance initiatives for major investment banks, performing exchange market data audits, preparing responses to exchange market data audits, formulating market data strategies, conducting market data vendor selections, and developing a market data entitlement and reporting system. Jordan & Jordan has offices in New York , Chicago and London . For additional information please visit: http://jandj.com.