YOUDEVISE EXPANDS TRADE IDEA MONITOR TO BENEFIT
TRADITIONAL ASSET MANAGERS
NEW YORK & LONDON, March 22, 2006 – youDevise
Limited, a provider of on-demand technology applications for
financial markets, today announced a new feature of the Trade
Idea Monitor (TIM), called “Themed Portfolios”,
designed to expand appeal of the TIM and benefit more
traditional asset managers, while creating a new value-added
client service and marketing vehicle for sell-side firms.
The TIM, which recently launched in the US and UK, is a
powerful, high-speed communication system that enables
brokers to send equity trading ideas simultaneously to all of
their customers. Using the TIM, customers can also view,
filter, rank and track ideas from all their brokers on a
single-screen.
The new “Themed Portfolios” feature enables
sell-side firms to send trade recommendations as a group of
ideas, perhaps reflecting a specific sector theme or strategy
of interest, to buy-side recipients and the portfolios they
manage. The group of ideas appears on buy-side TIM screens
under one title, which would typically include the sell-side
firm’s trading symbol and a thematic name. The
individual ideas are price- and time-stamped, and integrated
with live data, to generate the theoretical value and
performance of the entire “Themed Portfolio” on a
real-time basis.
Dresdner Kleinwort Wasserstein is the first sell-side firm
to employ the feature and will initially use it to send
clients a DrKW branded trade idea list of recommended large
cap European equity stocks.
Colin Jowers, Head of Capital Markets, of Dresdner
Kleinwort Wasserstein, commented, “With ‘Themed
Portfolios,’ our clients can now view ideas not only
from their regular individual account managers, but also from
the various other sales specialists within our firm who
collaborate on idea generation. This new feature increases
the reach, and thus the potential usefulness, of our trade
ideas.”
“The pre-launch interest in this feature on both the
buy- and sell-side has been strong,” said Colin
Berthoud, Director of youDevise. “Several other
sell-side firms have also licensed the feature and will soon
start sending themed collections of ideas, for example, short
ideas to meet specific demand from hedge funds.”
Until this point, the TIM has primarily been used to send
individual trade ideas to money managers, hedge funds and
proprietary trading desks focused on momentum or event-driven
transactions.
Themed Portfolios provide a meaningful depth of
information, including the type of each transaction (long,
sale or short), size, rationale, strategy, and confidence
level, and supporting attachments, such as research reports,
spreadsheets, news releases or other media. Asset managers
can view, filter, track and rank “Themed
Portfolios” from multiple brokerage firms, and also
drill down to the individual trade ideas.
Because the value of “Themed Portfolios” can
be clearly measured, documented and justified, they can help
to establish the value of trading commissions under new FSA
regulations in the UK and SEC guidelines in the US.
Press enquiries
to:
youDevise:
Colin Berthoud, youDevise Limited, London
+ 44-20-7826-4302
colin.berthoud@youdevise.com
Jeff McKenzie, Anreder & Company, New York City
+1-212-532-3232
jeff.mckenzie@anreder.com
DrKW:
Colin Jowers, Head of Capital Markets
+44 207 475 2600
Louise Beeson, Media Relations
+ 44 207 475 7560
louise.beeson@drkw.com
youDevise
Limited
youDevise Limited (www.youDevise.com), a
London-based firm, provides on-demand applications for
financial markets. youDevise creates business change that
enables the world’s leading brokers, asset managers,
and hedge funds/alternative investment firms to realise clear
and immediate value through high-performance technology.