GovPX Inc., which provides realtime price information on U.S. government bonds, said yesterday its service will now be available through two additional vendors: Metriplex Inc. and Trans-Lux Corp.
The companies operate quite differently. Metriplex sends financial market data by radio wave to subscribers' hand-held pagers, while Trans-Lux puts all types of information on programmable screens like those on trading room walls or in sports arenas.
GovPX, which has acquired more than 1,500 subscribers in its first year of business, said its agreements with Metriplex and Trans-Lux give it access to "several thousand potential new subscribers."
With the addition of the two companies, GovPX's pricing service, recently dubbed "Prophesy," is available through eight vendors, including such giant financial information companies as Reuters and Knight Ridder Financial.
Larry Jones, president and chief operating officer of GovPX, said the firm is trying to reach new customers by striking agreements with smaller providers of financial information.
He added that the digital feed GovPX plans to provide starting in the fall should increase demand for GovPX's prices because it will allow traders to manipulate the data.