Knowledge Technology Solutions PLC
25 March 2003
RNS news release
25 March 2003
Royal London Asset Management selects QuoteTerminal
Royal London Asset Management has signed a licence agreement for a number of
QuoteTerminal systems from Knowledge Technology Solutions (KTS) PLC. Due to
market data rationalisation it is replacing, at a significant cost reduction,
existing terminals in its UK division with QuoteTerminal, KTS's UK-specific live
financial information system.
There is potential for Royal London Asset Management (RLAM) to place an
additional order for MarketTerminalTM, KTS's international market data product,
once it launches later this year. MarketTerminalTM, which will cover markets
such as Nasdaq, NYSE and Euronext, may replace further terminals used in its
non-UK divisions. Royal London Asset Management is investment adviser to the
Royal London Group and has over £21bn of assets under management
QuoteTerminal offers UK finance professionals premium news, data and analysis
sourced from well-known providers such as Standard & Poor's, RNS, Dow Jones and
Dr Marc Pinter-Krainer, the Chief Executive of KTS, said:
'Our business proposition is to offer competitively-priced fully professional
market data systems to City institutions. We keep the costs of our products
competitive by exploiting the inherent advantages of our proprietary technology.
And as market data managers review their financial data and news needs, we are
witnessing increasing sales and interest in QuoteTerminal from institutions
seeking more cost-effective alternatives to Bloomberg and Reuters. The RLAM
order confirms the appeal of QuoteTerminal and we are pleased to welcome them
among our latest customers.'
Jerry Day, IT Manager at RLAM, said:
'We have had to look closely at our market data costs for this coming year and
the QuoteTerminal solution offers us an extremely cost effective and portable
method of addressing a substantial portion of our requirement.'
Enquiries, please contact:
Dr Marc Pinter-Krainer Neil Boom/Mallika Basu
Knowledge Technology Solutions PLC Gresham PR Ltd.
020 8795 2700 020 7404 9000
Royal London Asset Management Ltd.
020 7506 6500
Financial professionals may request a free QuoteTerminal trial by calling the
QuoteTerminal sales department on 020 8902 1400.
About Knowledge Technology Solutions PLC
Knowledge Technology Solutions PLC is a technology and software solutions
company listed on the Alternative Investment Market of the London Stock Exchange
(AIM: KTS). Utilising its proprietary technology, KTS focuses on developing and
licensing software solutions related to real-time information processing. The
Group's information technologies aggregate, analyse and process live data and
deliver the enhanced information as organised knowledge in real time, tailored
to customer requirements, via the Internet and wireless platforms. This delivery
mechanism offers organisations a cost-effective communications infrastructure
and enables users to speedily connect to and instantaneously interact with live
information from any location at any time.
KTS provides real-time market data solutions to market professionals via its
financial information products which deliver essential real-time financial
information from leading data providers at a low cost point.
KTS is the holding company for Cognita Technologies Limited, owner of the
Group's IPR, and Sharepages.com Limited, an online publisher of financial
QuoteTerminal is the company's real-time financial information system which
offers a fast continuous stream of essential UK market data, analytics, news and
research for equities, fixed income, foreign exchange and derivatives,
seamlessly integrated into a single complete package. Premium data is provided
by leading information providers such as Standard & Poor's ComStock, Dow Jones
Newswires, RNS and AFX News. By utilising proprietary technology and the
Internet, financial professionals can immediately monitor and interpret live
market activity via a more cost-effective channel. (www.quoteterminal.com).
This information is provided by RNS
The company news service from the London Stock Exchange