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Broadens global reach of Wall Street's Premier Online Community
White Plains, NY, January 09, 2002 - SecuritiesHub LLC, an
award-winning online financial community, announced today the addition
of UBS Warburg (NYSE: UBS), a leading global investment bank, as
the eighth member of its preeminent group of financial service providers.
Terms were not disclosed.
SecuritiesHub, owned by Credit Suisse First Boston (SWX: CSGN);
Goldman Sachs (NYSE: GS); J.P. Morgan Chase (NYSE: JPM); Lehman
Brothers (NYSE: LEH); Merrill Lynch (NYSE: MER); Morgan Stanley
(NYSE: MWD); Salomon Smith Barney (NYSE: C) and Communicator Inc,
is the leading provider of financial information to the fixed income
community via the Internet. Communicator Inc is the exclusive technology
provider and operator for SecuritiesHub.
Staunton Peck, President of SecuritiesHub, said: "The addition of
UBS Warburg as a strategic investor and content provider greatly
broadens the reach of SecuritiesHub as an international platform
and further provides its community with real-time market information."
Peck said, "UBS Warburg clients will gain single-sign on access
this spring to the Bond.Hub and SyndicateHub services of SecuritiesHub."
"Securities Hub's single platform will be a powerful sales and research
tool for our clients," said Randi Nielsen, head of Credit Fixed
Income e-Commerce, North America at UBS Warburg. "Through this cooperative
effort among the leading fixed income market participants, clients
will have access to the best available information on which to base
their decisions.""
Bond.Hub, a service of SecuritiesHub LLC, launched in 1999, allows
its users to view commingled headlines, research and secondary inventory,
seamlessly navigate between proprietary dealer sites, and instantly
access their proprietary information. With over 11,000 institutional
investors located in more than 60 countries around the world, SecuritiesHub
is the largest and fastest growing fixed income community online.
SyndicateHub, a service of SecuritiesHub LLC, launched in February
2001, is the single source for dealer-direct, co-mingled public,
144A and exempt new issue information online.
SecuritiesHub connects the world's leading financial firms with
institutional investors around the globe. SecuritiesHub protects
each of the dealers' brand and content while enhancing customer
relationships through Communicator Inc's proprietary Thin Consortium
Technology (TCT). Communicator Inc designed, built, and operates
both Bond.Hub and SyndicateHub.
About UBS Warburg:
UBS Warburg is a business group of UBS AG (NYSE: UBS), one of
the largest financial services firms in the world with employees
in more than 40 countries. The firm is a leader in equities,
corporate finance, M&A advisory and financing, financial structuring,
fixed income issuance and trading, foreign exchange, derivatives
and risk management. UBS Warburg also provides private equity
financing through UBS Capital.
About SecuritiesHub LLC:
SecuritiesHub LLC is a utility, formed by six top Wall Street
firms and Communicator Inc to create online hubs, which link
the dealers with institutional investors around the globe. SecuritiesHub
highlights each of the dealers' brand, content and customer
relationships through Communicator's proprietary Thin Consortium
Technology (TCT). SecuritiesHub products include the highly
successful "Bond.Hub," which was launched in December 1999,
and "SyndicateHub," launched in February 2001. Over 11,000 institutional
investors from more 60 countries currently use these services,
making SecuritiesHub the fastest-growing consortium in the Securities
Industry. SecuritiesHub was voted #1 on research, new issue
information and breadth of product in The Banker August 2001
customer survey and #1 ranked multi-bank research platform by
Euromoney in November 2001.
More than 600 analysts and traders contribute daily to the service,
which co-mingles bond market prices, data, news and research
from the participating dealers. SyndicateHub is the leading
multi-dealer Internet hub for institutional investors accessing
new issue information for 144A, SEC registered, and exempt bond
offerings. Credit Suisse First Boston, Goldman Sachs, J.P. Morgan,
Lehman Brothers, Merrill Lynch, Morgan Stanley, Salomon Smith
Barney and UBS Warburg own a majority interest in the venture.
Communicator Inc provides the technology and infrastructure
and operates the business, owning a minority interest.
About Communicator Inc (www.communicatorinc.com):
Communicator Inc solutions build stronger direct relationships
between leading suppliers and their core customers; providing
unmatched control and security of confidential information,
customer relationships and branding, while giving customers,
partners and employees valuable access to aggregated information.
Communicator Inc provides tools and operational services for
content management and access control, client communication
and account data management. Communicator Inc designed, built
and now operates both Bond.Hub and SyndicateHub for seven leading
Wall Street firms as well as the research and information portal
for FXall, a global multi-bank foreign exchange trading platform.
Communicator's focus on the information surrounding the sales
process has created an environment that promotes a more valuable
relationship for both the salesperson and the customer.
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