SPOOZ Inc (SPZI)

[songbirdia]

Very interesting, Gbathat. Thanks for posting.

As I understand it, the SMCC (Spooz and SFB) solution is a software one:

"SymbologyDNA™ will be used as an enhancement to the OSI. It will allow financial firms to translate 5 or 9 character symbology representations into the new 17 or 21 character symbology formats and vice versa. In fact, with the SymbologyDNA™ process in place, the financial industry will be in a position to benefit from the next generation of electronic trade clearing systems for the ever expanding derivatives industry.

"It is clear that the industry desires an approach to receiving accurate and efficient information with minimal impact to their internal systems," stated Paul Strickland, CEO of Spooz. "We intend to deliver the technology to deploy SymbologyDNA™ in such a way as to save the industry billions."

It seems that the SymbologyDNA software allows the financial industry to avoid the time and expense of retooling all their internal systems (as in Y2K). The companies can carry on as before, and the software does the work of translation and accommodation of the new symbols.

I don't understand all of what is involved here - seems highly complicated. If anyone can correct my interpretation, please do!

Songbird