FOR IMMEDIATE RELEASE
THESTREET.COM PUSHES DEEPER INTO PROFESSIONAL MARKET WITH ILX SYSTEMS
TheStreet.com's Financial News and Commentary to be Accessible to Over 130,000 Professional Market Participants on ILX Platforms
New York, January 19, 2000 -
TheStreet.com Professional Markets Group extends further into the marketplace of investment professionals today by entering into an agreement with ILX Systems, a premier market data company, to expand the financial news options available to over 130,000 financial professionals, who can now subscribe to
through the ILX Workstation and ILXplorer platform.
"This agreement with ILX Systems allows us to continue our expansion into the professional markets. We recognize that ILX Systems has among the biggest and best market data platforms in the marketplace," said Thomas J. Clarke, Chief Executive Officer of TheStreet.com. "This alliance benefits ILX clients, giving them the option of easily subscribing to our up-to-the-minute news and commentary, and TheStreet.com reaches our professional target market through an industry-standard platform."
Under the terms of the two-year agreement, ILX Systems will offer full premium access to financial content from
, a leading Web-based provider of financial news and commentary. Beginning in the first quarter of 2000, ILX users will be able to subscribe to real-time financial news and commentary provided by
on the ILX platform.
will be available on a subscription basis on the ILX Workstation, as well as through the new ILXplorer platform, which provides access to intranet and Internet sites. TheStreet.com will receive a subscription fee for each ILX user that selects
from ILX's select list of Premier Providers.
"We signed this agreement with ILX because of the increased demand among the financial professional community for
," said Richard Auletta, Vice President-Sales, Professional Markets for TheStreet.com. "We view this agreement as a key strategic initiative that will make it even easier for financial professionals to access our best-of-breed news."
"ILX Systems subscribers rely on our market data systems to provide them with a dynamic array of products and services that help them to manage their trading and money management more efficiently," said Bernard A. Weinstein, founder, President and CEO of ILX Systems. "Today's deal to provide
's news and commentary is one of the many ways that we offer investment professionals the decision-making tools they need. Our subscribers value our service because it eliminates the need for separate terminals, and by including
's comprehensive and original content, we offer the enhanced news resources our users are demanding."
About TheStreet.com Professional Markets Group
TheStreet.com Professional Markets Group is a division of TheStreet.com, Inc. (Nasdaq:
TSCM), a leading Web-based provider of original, timely, comprehensive, and trustworthy financial news and commentary.
www.thestreet.com) was founded in 1996 and is based in New York City, with bureaus in San Francisco, Silicon Valley and London.
's editorial team, with approximately 80 experienced financial journalists and two dozen outside contributors, publish a full range of original news stories and commentaries every business day. TheStreet.com Professional Markets Group establishes multi-seat distribution of
's financial news and information products for financial services firms.
About ILX Systems
Founded in 1988, ILX Systems is the world's fastest growing market data company. Founded exactly six months after the stock market crash, the ILX service provides financial information such as stock quotes, stock charts, financial news, and options data to top financial firms, asset managers, and banks. The ILX application, which runs on a wide range of PC and UNIX platforms, allows investment professionals to download data not only from ILX but from third-party information feeds as well, eliminating the need to have several separate terminals on each user's desktop.
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