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Quantitative Alpha Trading and Mobile Integrated Systems sign Memorandum of Understanding to jointly develop and market a family of securities tracking mobile apps
Jun 15, 2012 (02:06 PM EDT)
TORONTO, June 15, 2012 /PRNewswire/ -- Mobile Integrated Systems, Inc. (OTC: MIBI) and Quantitative Alpha Trading Inc. (CNSX: QAT) are pleased to announce they signed a memorandum of understanding to jointly commercialize a family of securities tracking mobile applications called Market Sentiment Navigator (MSNav).
"Mobile Integrated Systems is implementing its strategic plan to diversify into other lines of business. MSNav, a sentiment-based securities tracking system, the flagship product of our partnership with QAT, represents the tip of the spear and our first foray into the financial services space," said Murray Simser, President and Chief Executive Officer of Mobile Integrated Systems. "Given increasing demand for sophisticated mobile securities tracking systems the revenue from this line of business is expected to be significant."
MSNav will be the launch product of an eventual family of sentiment-based products to be created under this partnership. "By partnering with Mobile Integrated Systems we gain a partner with the depth and talent to design, build and commercialize this unique tool," said James McGovern, Chief Executive Officer of Quantitative Alpha Trading. "This unique, sentiment-based system will offer traders and investors tremendous insights into what any electronically traded securities' price might look like in the near future. The ability to harness this intelligence on a mobile device will prove extremely valuable to any trader."
Initially the beta version of MSNav will be available on Android and Blackberry devices without cost through the end of September 2012. In October 2012 the free product will be discontinued and replaced with a paid version that includes a free trial. MSNav will be available on iOS including iPhone and iPad, Android and Blackberry devices.
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SOURCE Mobile Integrated Systems, Inc.; Quantitative Alpha Trading Inc.