Semotus Solutions (AMEX:DLK), a leading provider of mobile enterprise application software, today announced an agreement with Chicago Mercantile Exchange Inc. (CME) to market Semotus' suite of financial products to traders and member firms.
Chicago Mercantile Exchange Inc., an international marketplace for global risk management, will provide Semotus with the opportunity to offer its entire line of financial products, including Global Market Pro(SM) 2.0 and CommodityXpress(SM), directly to CME traders and their firms. Semotus' key technology allows financial professionals to receive time-critical market data through wireless alerts and updates wherever they are, on any handheld wireless device.
"Semotus Solutions brings to the market a host of innovative, wireless technologies," said Pamela LaPine, Executive Vice President and President, Financial Services. "This agreement is the perfect solution for us for sustained market penetration amongst the enterprise business community. We believe our key technology platform will provide significant enhancements for the benefit of CME members."
This joint effort demonstrates a new market potential to showcase Semotus products and provides CME with the opportunity to broaden its market reach and offer value-added services to its members.
Global Market Pro 2.0, a professional level product, designed for market professionals and traders who deal in high-level financial transactions, and require real-time information on more than just their desktops, will also be made available to CME members. Semotus Solutions has aggregated multiple data sources to deliver seamless, relevant, financial information. Your portfolio is set up using one web-based interface for user friendliness and simplicity. The information suite includes data from Reuters Markets 2000, GovPX, Market News International, and Dow Jones Newswires.
CommodityXpress is a wireless investment monitoring service that tracks futures and equities, and alerts the subscriber as specific events occur. Market data for CME Globex(R) 2 and other electronic trading systems are also available.
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