RSPs, such as DrKW's bestconnect™, provide equities trading and price quotation services, and DrKW's involvement is a significant development because it is one of the largest RSPs in the London market. The bank will provide prices alongside existing Proquote RSPs Merrill Lynch, Winterflood Securities, Aitken Campbell, KBC Peel Hunt, and Evolution Beeson Gregory.
Maneesh Jain, Head of bestconnect™, at DrKW, said: "We are delighted to be able to offer Proquote users access to DrKW's full range of UK stocks via our bestconnect platform. We look forward to working with Proquote in the future to broaden the range of products and services offered."
Proquote, established three years ago, is a growing software business supplying a competitively priced, browser-based product that allows market professionals to access real time price data and market information, as well as trade online. The London Stock Exchange acquired the company in January 2003 and it is now run as a wholly-owned subsidiary of the Exchange.
David Lester, the Exchange's CIO, said: "The Exchange acquired Proquote because we could see there was growing demand for functionally-rich but reasonably priced trading screens and Proquote is without doubt leading the pack of new entrants in this market. We are delighted that DrKW has decided to become a Proquote RSP because their involvement will further extend the appeal of the product."
