The new StockWise system ensures much faster delivery than is the case with the fax system. As more securities have been admitted to listing on the Stock Exchange the need for flexibility has risen. Share traders may, for example, receive information from StockWise relating to shares only, and bond traders, information relating to bonds only. The Stock Exchange has chosen to use the Internet, as an Internet-based system will have global reach. Gefion confirms acquisition of the joint-stock bank Alm.
Online announcements consist of two files.
If the customer chooses to buy index information to StockWise Online, one file will contain information, which may be compared to an index card. The other file contains the announcement itself and it will be in a PDF format, which is readable with Adobe Acrobat reader. The only drawback of transferring all announcements is the expense of any superfluous flow of data from StockWise to the subscriber. But since StockWise is transferring the announcements via the Internet, the expense is modest. Moreover, most of StockWise Online's customers will be interested in all the announcements.