Aether Systems has launched mobiQuote, a text messaging system capable of delivering Reuters' stock quotes and news headlines to mobile handsets.
Two years in development, the technology constructs messages to fit the 160 character SMS format, thus creating the ability to deliver eight price quotes in one SMS message
The system has been tailored to the needs of chief executives and finance directors who require succinct, headline figures while away from their offices. Export directors and international business travellers who regularly track foreign exchange rates are also considered key prospects.
Subscribers can chose up to eight financial instruments to be displayed on the mobile’s screen. Data can be received 24 hours a day, but users can also specify up to five precise times during the day for delivery of their price quotes. News headlines are transmitted when the news breaks. All the headlines are linked to shares in the portfolio.
A mobiQuote subscription costs £33 a month, including VAT, for a minimum contract period of three months. Users can also choose a pay-as-you-go rate of 25p per message, including VAT.