Royal London Asset Management Selects ktsQuoteTerminal

25/03/2003

Royal London Asset Management has signed a licence agreement for a number of ktsQuoteTerminal systems from Knowledge Technology Solutions (KTS) PLC. Due to market data rationalisation it is replacing, at a significant cost reduction, existing terminals in its UK division with ktsQuoteTerminal, KTS’s UK-specific live financial information system.

There is potential for Royal London Asset Management (RLAM) to place an additional order for ktsMarketTerminal, KTS’s international market data product, once it launches later this year. ktsMarketTerminal, which will cover markets such as Nasdaq, NYSE and Euronext, may replace further terminals used in its non-UK divisions. Royal London Asset Management is investment adviser to the Royal London Group and has over £21bn of assets under management

ktsQuoteTerminal offers UK finance professionals premium news, data and analysis sourced from well-known providers such as Standard & Poor’s, RNS, Dow Jones and AFX.

Dr Marc Pinter-Krainer, the Chief Executive of KTS, said:

"Our business proposition is to offer competitively-priced fully professional market data systems to City institutions. We keep the costs of our products competitive by exploiting the inherent advantages of our proprietary technology. And as market data managers review their financial data and news needs, we are witnessing increasing sales and interest in ktsQuoteTerminal from institutions seeking more cost-effective alternatives to Bloomberg and Reuters. The RLAM order confirms the appeal of ktsQuoteTerminal and we are pleased to welcome them among our latest customers."

Jerry Day, IT Manager at RLAM, said:

"We have had to look closely at our market data costs for this coming year and the ktsQuoteTerminal solution offers us an extremely cost effective and portable method of addressing a substantial portion of our requirement."