" ITREALMS: Enhanced Symbols @ Progenics

Wednesday, July 26, 2006

Enhanced Symbols @ Progenics

Remmy Nweke

Electronic solution provider, Progenics Corp Limited, has announced the enhancement of Symbols, with a web-based module.

The company said the improvement was a reinstatement of its commitment to the deployment of Information and Communication Technology (ICT) software solutions, particularly in the capital and money market sub-sector of the economy.

Symbols, is Progenics investment software solution developed indigenously but for both locally and international market.

Progenics said that the enhancement came in form of a distinct module which is an Internet-based interface that has been structured to work efficiently with Symbols.

Named Symbols’ web front-end, the interface affords users the ability to give their customers access to view the current positions of their investment account online among other features.

Head, Business Development at Progenics, Mr. Tunde Yemi-Daniel, explained that this translates to business with these firms now having remote access to the state of their investments using the Internet.

“The new Symbols web front-end was designed to boost investors’ access to both their investment holdings and their brokers or assets managers from anywhere in the world,” he said.

The module as said by him, enhances the timeliness of investment information by equipping the investor with requisite propensity such as the ability to view current prices of instruments traded on the floor of the exchange, current investment portfolio(s) with the firm, and place orders remotely.

Also, Mr. Yemi-Daniel said, offers the viewing of financial transactions carried out on one’s portfolio, list of trades the stockbroker has executed on behalf of a portfolio owner as well as view the current state of certificates lodged with the stockbroker or asset manager.

According to him, other value added services provided by this module include the online viewing and printing of contract notes and current CSCS statements, ability of Location based managers, agents and jobbers to transact business on behalf of clients with Head Office via the internet.
The new Symbols Web Module is a prelude to several other enhancements, which will be unveiled very soon by Progenics.

This application not only meets the requirements of stock stockbrokerage companies but also goes a step further to satisfy the requirements of investment and asset management firms.

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