Moors & Cabot Selects Imtrader for Real-time Trading and Communications via Instant Messenger

It was announced today that Imtrader, developed by Pivot Solutions, was chosen by Moors & Cabot as its standard communications and instant messaging trading solution. Imtrader is the first AOL-certified real-time trading and communications network.

Boston, MA (PRWEB) April 30, 2005 -- Imtrader extends a brokers order management system, execution services and research library to their clients via the Imtrader network by providing seamlessly integrated electronic trading, research distribution and instant messaging.

Moors & Cabot is always looking for innovative technology to streamline information workflows and deliver best of breed execution services to our clients. Most of our traders use AOL instant messenger to communicate with our customers, and it was a logical choice to roll out Imtrader on our execution desk on the Boston Stock Exchange," explains Whit Conary, Director of Floor Trading, Boston Stock Exchange, Moors & Cabot. The IMs that our customers are sending us now shows up as trades in our Order Management System, eliminating the need to double key the data."

"Having an established brokerage firm like Moors & Cabot as a client is an example of how more and more, traditional brokerage firms are marrying institutional trading services with the instantaneous trading and communication demands of their clients. Such early adopters of this technology are sure to solidify their competitive position in the marketplace," said Furqan Nazeeri, CEO of Pivot Solutions, the firm behind Imtrader.

About Imtrader
Imtrader, by Pivot Solutions, is the first highly-customizable instant messaging, electronic trading and research distribution network for the professional trading community (www.imtrader.com). Imtrader has licensed connectivity to AOL® Instant Messenger (AIM) service, which allows Imtrader to provide highly customized communications and trading over the AOL network. A spin off of Eze Castle Integration in 2004, Imtrader clients traded over a billion shares in 2004 and are expected to double that in 2005.

About Moors & Cabot
Moors & Cabot is the oldest independent member of the Boston Stock Exchange and one of the nation's oldest independent members of the New York Stock Exchange. In addition to offering its equity and fixed-income research through full-service registered representatives, Moors & Cabot offers investors additional investment tools such as cash management accounts, retirement planning, mutual funds, annuities and professional money management services.

With over a century of experience and expertise, Moors & Cabot continues to serve in the tradition of its founding fathers. Our core principles of integrity, honesty, respect and loyalty are as important today as they were more than a hundred years ago.

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