The London Stock Exchange says that Proquote, its trading and market data business, has signed Charles Stanley as a client, and completed an agreement to supply 80 screens.
Charles Stanley, one of the UK’s largest independently owned, full service stockbrokers, has ordered Proquote View and Proquote Trader screens, giving their brokers access to the trading and market data system.
Charles Stanley adds to a growing list of stockbroking clients for Proquote which already includes Gerrards, Prudential Bache, Investec Henderson Crosthwaite and TD Waterhouse. Proquote, bought by the London Stock Exchange in February 2003, now provides over 2,300 terminals to 160 corporate clients.
“We chose Proquote because of its unique functionality at a highly competitive price, with cost savings available largely due to the service being accessible directly over the Internet,” says Michael Pitts, Executive Director Information Technology at Charles Stanley. “Proquote offers real-time market information direct from source, allowing us to offer our clients an excellent trading service.”
David Lester, CIO at the London Stock Exchange, describes Charles Stanley as a “significant” client win. “Proquote offers a competitively priced, browser based product, and has seen tremendous growth in the number of installed screens, making it one of the UK’s fastest growing market data and trading vendors,” he adds. “Despite this progress, we are constantly seeking to increase Proquote’s functionality to offer our customers’ the best service available and truly differentiate from our peers.”
Proquote provides extensive European market coverage in addition to UK SETS, SEAQ, SEATS and International Order Book, and includes fundamentals, charting and analytical tools.