Tokyo based Boutique equity research house Koyal Group, this morning announced the company will soon commence piloting a twitter-like information service to distribute stock market information to clients on mobile devices in real time.
Apr. 9, 2013 - TOKYO, Japan -- Koyal Group’s planned digital stock advisory service will be offered initially exclusively to corporate clients. Chief Executive Officer at the Tokyo based equity research house, Edward Neilson, was this morning, keen to emphasize that the company does not intend downsize its workforce, and that this move is designed primarily to provide a more streamlined service, rather than to lower the company’s overheads.
“Koyal Group will not be making staff cuts. We are firmly committed to keeping up to date with technological innovation, and in 2013 there is no better medium than a handheld device for delivering real time information. Essentially this move will enable our advisors to focus on research, which is our core business, and we hope it will streamline client-advisor interactions, making conversations more fruitful”.
During beta testing scheduled for summer 2013, the planned service will be made available to a select portion of the company’s corporate client base. However due to security implications and development time, it is unlikely to be rolled out to Koyal Group’s wider client base earlier than the fourth quarter of 2013.
In addition to this initial digital service for existing corporate clients, Koyal Group Chief Executive Officer Mr Edward Neilson, today stated the company will commission market research to assess the viability of offering a subscription based service to the wider investment community as of 2014, based on a minimum 12 month contract.
Mr Stephen Cole, Director of Private Equity at Koyal Group commented on this announcement saying “We are always striving to improve our services, and the hope is that with this technology our clients will be able to view our live data 24 hours a day in a more accessible format, via applications developed specifically for their own mobile phones”.
Head of Principle Investments, Mr Joseph Samuels Jr also commented on this announcement, “All of our advisors will maintain personal client relationships. The planned digital service will simply allow a more efficient way of exchanging information with our clients.”
At present the Koyal Group is developing an application for both Apple’s IOS, and Google’s Android operating systems.