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January 21, 2004 - Disnat Direct Deploys
Recognia Services
Ottawa/Montreal, Canada, January 21,
2004— Recognia Inc., a leading provider of automated technical
analysis tools, is pleased to announce that Disnat
Direct, a service of Desjardins Securities, subsidiary of Mouvement
Desjardins, has deployed Recognia's suite of Technical Event® identification
and chart pattern recognition tools. Recognia's analytical tools
help Disnat Direct customers research stocks using recent technical
formations, allowing them to make more informed trading decisions and
helping them to uncover new investing opportunities.
Disnat Direct was recently ranked the number one investment service
for Active Investors in Canada by Gomez Research.
"Disnat Direct has become number
one with Active Investors by providing them with convenient fast
order entry and a wide selection of the best market research and
analytical tools" says Yves Neron, head of Disnat Direct. "We're
very pleased to have partnered with Recognia to deliver their technical
analysis tools to our customers. Active Investors need visual tools
to help them process information quickly. Today, many investors
rely on charts to give them a sense of market sentiment and price
movement. Recognia helps to automatically identify these trends
and patterns to give our customers the best information they can
get."
Disnat Direct offers Recognia's full
suite of Automated Investment Research products, including the Recent
Technical Event Lookup, Technical Event Stock Screener and Technical
Event Alerts. Using Technical Event Alerts a Disnat Direct customer
can set alert criteria on a specific stock. Once set, customers
will receive automated Alerts which provide convenient notification
of trading opportunities for stocks and indices, thereby assisting
customers with their investment strategies and providing important
notification about changing market situations.
Technical Analysis is the quantitative
side of Investment Research. It is distinct from Fundamental Analysis,
where investors use company and market information (such as Earnings,
Balance Sheet, Interest Rates etc.) to make investment decisions.
Until now investors have required extensive training and manual
intervention to use Technical Analysis to support their investment
decisions. The use of advanced computer technologies and innovative
approaches has allowed Recognia to automate the process of finding,
categorizing and presenting signals based on Technical Analysis principles.
"Disnat Direct's focus on providing
their customers with a range of high quality market research and
analytics made Recognia an obvious choice to add to their tools."
says Sean Church, President of Recognia. "They have made significant
investments in new technologies and tools to better serve the Active
Investor. We are very pleased to be able to help them provide their
customers with the very best in investment analytics."
For more information please contact:
Yves Neron
Disnat
514 985 1760
yves.neron@disnat.com
Sean Church
Recognia Inc.
(416) 697-8400
schurch@recognia.com
About Recognia
Recognia Inc., a privately held company founded in 2000, provides
automated Technical Event identification and chart pattern recognition
to financial web sites, online brokerages and other trading institutions.
Recognia has developed patented technology for chart pattern recognition
and the identification of other types of technical formations. Recognia's
technology is capable of recognizing patterns and other formations
in the price charts of any publicly traded financial instrument
including stocks, bonds, funds, commodities, currencies and indexes.
Recognia also provides a range of delivery methods that allow brokers,
and other organizations, to deliver this information to their clients
and accountholders. Recognia also maintains an unrivalled historical
database of information relating to chart patterns and other technical
information, providing historical context and past performance information.
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