SOURCE: Investars

August 17, 2009 06:01 ET

Investars Becomes a Distributor for the Trade Ideas Limited Service

LONDON--(Marketwire - August 17, 2009) - Trade Ideas Limited (TIL), the company jointly created and owned by Citi, Credit Suisse, Dresdner Kleinwort (now part of Commerzbank) and Bank of America Merrill Lynch, is pleased to announce that it and Investars, the leading supplier of customized investment analytics solutions for asset managers, have signed a Distribution Agreement to enable Investars customers to send and / or receive trade ideas through TIL's service.

TIL is an industry utility providing a central hub for a network of brokers, clients and vendors to send and receive, respectively, trade ideas on a permissioned basis.

The hub is accessed through proprietary or third party applications, known as alpha capture systems. Using such systems, brokers can develop, analyse and publish ideas and clients can, for example, measure the real time, relative and historical idea performance of their brokers.

Investars provides the industry with broker vote, alpha capture and commission management tools to help the buyside maximize the value of sellside research and trading services.

Commenting on securing the agreement with Investars Ben Lynch (Director, Centralised Risk Business of Citi and a Director of TIL) said: "The TIL consortium is delighted to have signed an agreement with Investars for them to become a Distributor. Since its inception TIL has consistently promoted the trade idea product amongst brokers and their institutional clients and Investars' commitment is evidence of our success in this regard. Investars is an innovative vendor and will I am sure offer interesting new trade idea related services and functionality to the benefit of market participants."

John Eagleton, President of Investars, commented: "Thanks to the TIL utility, Investars will be able to offer the buyside and sellside a platform to track and evaluate trade ideas. The trade ideas module, which will be launched later this year, will be integrated into the Investars Insight product suite so that the buyside can include the value of sellside trade ideas in their 'broker vote' and compensate them for their ideas through the research commission module."

"Investars' commitment to working with TIL underscores TIL's success in developing the hub as the de-facto standard for the transmission of trade ideas, across multiple systems. TIL now has agreements with a number of leading solution suppliers to this sector and we will be adding more. Increasingly brokers see the use of trade ideas as a way of differentiating their expertise and getting rewarded for it. With clients also appreciating that they can monitor and measure the performance of such ideas and vendors' widening the services that they can offer market participants, then the TIL hub will continue to grow in importance," said Simon Tizard, Executive Director of TIL.

For more information about the trades ideas service visit the TIL website at www.tradeideas.org

For more information about Investars visit its web site at www.investars.com

Contact Information

  • For further press information, please contact:

    Information contact at Trade Ideas Limited
    Simon Tizard
    Executive Director
    +44 (0)781 801 2580
    simon.tizard@tradeideas.org

    Information contact at Investars
    John Eagleton
    President
    +33-1-53-45-54-93
    john@investars.com