Press release BoxID: 102465 (Autonomy)
  • Autonomy
  • Romanstraße 16
  • 80639 München
  • Contact person
  • Dorothee Stommel
  • +49 (89) 998370-89

Autonomy to power investor websites of nation´s largest brokerage firms

Wall Street On Demand Selects IDOL to Support Plans for Dramatic Growth

(PresseBox) (München, ) Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that Wall Street On Demand has selected Autonomy IDOL to help its clients—many of the nation’s largest brokerage firms—expedite the analysis of investment research.

Wall Street On Demand provides investment research from the best-known information providers to a wide range of investors around the world. It also hosts independent research for ten of the twelve Settlement firms and hosts customized online research platforms for each of the big six online brokerage firms.

Wall Street On Demand processes, analyzes, and responds to information from 1,500 market data feeds. With the growing amount of data, the investment firm recognized the need for an advanced enterprise search platform to enable retail and institutional investors to find and make sense of the tremendous volume of financial research that they aggregate. After an extensive evaluation of the available technologies in the market, Wall Street On Demand selected Autonomy IDOL, a platform that can understand the meaning and significance of information. Using IDOL, Wall Street On Demand can quickly process digital information automatically and communicate with multiple information sources without the need for manual processing or meta-data.

“Wall Street On Demand selected Autonomy because we needed enterprise search technology that would not only meet our current needs, but more importantly support our planned growth,” said Jeffrey Woodruff, general manager of Wall Street On Demand. “IDOL gives Wall Street On Demand the high-end feature set we need to meet the sophisticated searching requirements of institutional investors.”

Wall Street On Demand anticipates its user base to multiply 10-fold in the next year under the company’s expansion plans. With IDOL, large volumes of information are automatically replicated across multiple servers; user requests are load-balanced; and performance is guaranteed. In addition, IDOL can provide advanced retrieval features to Wall Street On Demand such as concept-based search, which understands context to return meaningful information even if an investor’s specific query isn’t contained in the relevant file. IDOL also provides advanced stemming, synonym management, spelling suggestions and sort options. Autonomy will enable Wall Street On Demand to search across the mosaic of financial data, wherever it is stored, including email servers, Web servers, XML news feeds, and research PDFs in document management systems.

“Autonomy’s ability to understand what matters amid millions of research reports and news articles takes our service offerings to a higher, more profitable level for both Wall Street On Demand and our customers,” says Woodruff.

“Wall Street On Demand’s goal is to grow its existing business from one that was already very strong in the retail investment research arena to one that could also deliver the high-end institutional research services that many of its clients now demand,” said Mike Lynch, chief executive officer of Autonomy. “With IDOL’s more than 700 capabilities, it will give Wall Street On Demand a significant strategic advantage as it markets its research services to the biggest names in the financial services industry, including its institutional research and online brokerage clients.”