Replies to post #61256 on SPOOZ Inc (SPZI)

[nukuhiva]

Very good Phill very good ... seems that we have a common issue here ..

[mtncabin]

As I read through this, I get the feeling that is compatable with the concept that Spooz was talking about last year which enabled traders to take advantage of real time opportunities and not having to create time consuming strategies resulting in lost market opportunities. Anyone else remember this concept? TIA

[nicehit]

just more clues... for the Spooz clue soup.

[Gbathat]

thanks for finding this philly... interesting indeed, as it relates to BBs product that launched not too long after the 60-day window, right?

It sounds a little different to me than the Spooztoolz Dashboard, though... perhaps more oriented towards monitoring than trading. But who knows what might when you combine Spooz ideas with Bloomberg resources...

The exciting part of that Bloomberg PR was the integrated package concept... all the strong Bloomberg tools integrated seemlessly with a trading system. I hope that trading system, or one of the trading system choices, is Spooztoolz, but we'll have to wait and see.

peace,
gbathat

[Birdito]

I like the sound of that! Good find Philly.

b

[mtncabin]

Given Spooz's vow of silence, I don't know how we find out whether or not Spozz was involved in Bloomberg's FX Dashboard announcement on 1/12/09.

However, the scope of work appears to be within the product lines PR'D by Spooz during the past year. The customer (Bloomberg) has been involved with Spooz through an "integration" agreement. The timeline that Spooz/KaiTrade was working with Bloomberg is consistent with the timing of this announcement IMO.

Having said that, I am holding out hope that it is a maybe. If it is, then I think that it is time for Spooz to say something even if it is in general terms. If it is not, then I think that the shareholders deserve an explanation of why someone else got this business. Either way, IMO these are material events.

Just my opinions, please do your own DD.

[nukuhiva]

I think this is it.. Bingo ...! compare the both PR no coincidence ..IMO

Spooz Discloses Contract to Shareholders
- 9/23/2008

Spooz is pleased to announce an integration agreement with Bloomberg Tradebook’s electronic trading system. Due to mutual client demand, the SpoozToolz trading software will be able to send orders and receive fills in the equity, futures, options and Foreign Currency Exchange. Spooz and Bloomberg Tradebook anticipate delivering an integrated product to customers within sixty days. The product is available to Bloomberg Professional ® service subscribers.

SpoozToolz utilizes Microsoft® Excel® as the Graphical User Interface for creating trading strategies because Excel undoubtedly is the de facto, universal standard for analysts and traders in all financial markets. SpoozToolz adds toolbar functions to Excel that enable the trader to easily create quote and trading screens that act as a direct portal to Bloomberg Tradebook’s multi-asset, electronic execution gateways around the world.In addition, Excel provides a familiar platform upon which to quickly and develop and deploy automated strategies before the opportunity is lost to the customary development cycle.

Although Strategies may be developed in Excel, the low latency execution of orders is performed in the SpoozToolz C# middleware.SpoozToolz includes a control dashboard that displays trading activity, position, fills, and status of each order as well as profit and loss statistics.The dashboard also serves as an efficient tool to aid the trader in managing strategies running simultaneously in diversified markets.

The agreement between the two companies calls for delivery of the SpoozToolz core product as well as its Custom Pricing and AutoSpreader modules.Additionally, Spooz will provide custom trading templates to Tradebook and its customers on a fee basis and will make its template library generally available to those traders wishing access.

“We are so pleased to have one of the finest companies in the world as our partner,” stated Paul Strickland the Spooz CEO.“Our mutual agreement marks a significant milestone in our company’s history and provides SpoozToolz access to a large, sophisticated customer base with compelling needs for our products.”


Bloomberg Unveils New Tools for the FX Market
January 12, 2009

- Bloomberg FX Dashboard Provides First-Ever Customization for FX Traders
NEW YORK, January 12 /PRNewswire/ -- Bloomberg has launched FX Dashboard, a new pre-trade function that for the first time gives foreign exchange traders access to a broad range of analytics, data and news seamlessly integrated with trading capabilities. Now, market participants who are enabled for commission-free FX trading on the BLOOMBERG PROFESSIONAL(R) service can click on the FX Dashboard to initiate a trade on a given currency pair or forward tenor. The new function is accessible on the BLOOMBERG PROFESSIONAL service via the function XDSH < GO >.

"FX Dashboard marks the next generation of capabilities for FX trading and analysis. This new function provides highly detailed and customized views until now unavailable in the marketplace," said Philip Brittan of Bloomberg. "FX Dashboard allows users to select, build and monitor custom views of the FX markets using real-time prices, technical indicators, price action analysis, high/low analysis, implied and realized volatility matrices, standard deviation cones and a host of other metrics."

Users can select from a large range of predefined views or build their own proprietary views from Bloomberg's robust offerings of FX market data including spot, forwards, implied volatilities, realized volatilities, risk reversals, realized skew, butterflies, realized kurtosis and GARCH volatility across a comprehensive universe of currency pairs.

In addition to being able to retrieve and monitor important fields such as change on day, moving averages, and high and lows, users can form custom measures including spreads, sums, ratios and any ad-hoc equation using potentially multiple inputs. These new measures can be imbedded into additional new measures.

"FX Dashboard gives traders unparalleled flexibility and access to the most important information they need to monitor and assess the foreign exchange markets," Brittan said. "Bloomberg users will benefit from the ability to focus on the information they deem most important in a function that allows them to build their analysis, monitor it and click and trade."