NEW YORK-Investors who want up-to-the-minute financial information beamed directly to them will benefit from two recently introduced products from PageMart Wireless Inc., Dallas, and Wireless Financial Services Inc., New York.
PageMart announced Aug. 20 the introduction of infoQuotes, a flat-rate service that allows individual investors to receive customized financial information on their alphanumeric pagers. The company said infoQuotes, “differs from other wireless financial services in that it notifies subscribers when items within their personal investment portfolios move significantly up or down, or hit user-defined buy/sell parameters.”
New subscribers will pay $15.95 per month for the basic package, which allows them to touch-tone dial a toll-free number to access PageMart’s interactive voice response menu to update information they wish to receive in their infoQuotes service. The basic package provides subscribers with end-of-the-day prices and the day’s change for the four stocks, mutual funds or market indexes they have selected to watch. All portfolio modifications and messages are covered by the monthly fee.
For an additional $5.95 per month, infoQuotes customers can add infoRoam, which PageMart calls its, “low-cost alternative to nationwide coverage.” PageMart’s nationwide paging subscribers can add infoQuotes basic service for $8.95 per month.
Meanwhile, Wireless Financial Services has announced a marketing agreement for its Universal Trader software product with PC Quote Inc. PC Quote is a Chicago-based provider of real-time securities quotations and news to brokerage firms, banks, insurance companies, fund managers and individual and institutional securities traders.
Universal Trader lets users transmit orders to brokerage firms for equities, futures, commodities and options. Using RAM Mobile Data’s wireless network, Universal Trader’s six-second transmission time compares favorably to “the average 30-40-second time gap with other on-line investment software,” Wireless Financial Services said in its announcement. The software program interfaces with Windows-based laptops using IBM or Megahertz brand wireless modems.
RAM’s wireless data communications network covers 92 percent of the urban population of the United States. Wireless Financial Services is working on an Internet-enabled version of Universal Trader that would allow investors to enter orders wirelessly and to use the Internet backbone to receive market data.
