NEW YORK, Sept. 6 /PRNewswire/ -- Javelin Technologies today announced an agreement with Yahoo! Inc. (Nasdaq: YHOO - news), a leading global Internet communications, commerce and media company, to provide its Coppelia FIX software to enable Yahoo!® Finance (http://finance.yahoo.com) to receive FIX protocol-based data feeds from three Electronic Communication Networks (ECNs), including Instinet, Island and Archipelago. Real-time ECN quotes enable Yahoo! Finance users to make more informed investment decisions.
``Working with Yahoo! has been a great opportunity for us to demonstrate that FIX has few limits when it comes to helping people trade better,'' said George Kledaras, CEO and president of Javelin Technologies. ``Being able to access an ECN's entire book is a substantial deal and was only recently possible with the introduction of FIX 4.2. This agreement enables Yahoo! Finance users to access valuable, relevant investment information.''
``We are pleased to work with Javelin and to utilize one of the leading FIX engines,'' said Tim Sheehan, director of production, Yahoo! Finance. ``With the help of Javelin Technologies, Yahoo! provides its millions of users access to real-time ECN quotes for their portfolios as well as individual stocks -- before, during and after market hours.''
``Yahoo's selection of Javelin's Coppelia FIX Server, to help Yahoo! Finance receive ECN order book data, endorses the use of the FIX protocol for transmitting financial information to the investment community, '' said John Coulter, senior vice president, Javelin. ``We are extremely pleased to work with Yahoo!.''
About Javelin Technologies, Inc.
Javelin Technologies, Inc., based in New York City, is a leading provider of FIX solutions for the global securities marketplace. Javelin is committed to providing innovative FIX solutions that facilitate electronic trading, enhance Straight Through Processing across security types and further the belief that one protocol, one language is the very key to open trade communication. Javelin supports hundreds of clients and strategic partners, including Morgan Stanley Dean Witter, Advent Software, Fidelity Management Research, Instinet, Thomson Financial and Market XT/Tradescape. For information on Javelin's FIX technology, visit their website at http://www.javtech.com.
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