New York, NY, IDEAglobal, a provider of news and market intelligence, announced today that it signed an agreement to provide real-time, market-making news and directional analysis to Wells Fargo’s Foreign Exchange customers. IDEAglobal has research and analysis teams in New York, London and Singapore that monitor, analyze and report on market trends.
IDEAglobal will provide its suite of InterMoney foreign exchange services to Wells Fargo’s Foreign Exchange Online customers. Updated on a daily basis, IDEAglobal will provide information on market dynamics, strategy, economics, and forecasts which will be fully integrated into Wells Fargo’s website.
“We are delighted to be partnering with Wells Fargo, one of the nation’s premier financial services companies. Wells Fargo has exhibited tremendous foresight in offering customers an Internet portal to access foreign exchange and other financial services,” said Chris Turner, Senior Vice President, Content, IDEAglobal. Turner continued, “Wells Fargo shares our vision that the Internet is not a short-term fad but a lasting fundamental transformation of business strategy. It allows us to better serve our customers with tailored-made solutions.”
“We selected IDEAglobal because it is a market leader that offers concise, pertinent business forecasts,” said Tracey Warson, Executive Vice President, Wells Fargo Foreign Exchange. “IDEAglobal provides our customers with more than just information, it offers substantive analysis, directional calls, and fast-breaking market-moving analysis. Wells Fargo Foreign Exchange Advisors and our customers rely on this type of market insight and analysis when trading in volatile markets.”
More About IDEAglobal.com
Established in 1989, privately held IDEAglobal, is a financial market and macroeconomic research company. IDEAglobal helps investors, institutions and professionals who manage money and trade in markets to quickly make confident trading decisions. IDEAglobal, provides information about all major liquid markets worldwide, including stocks, bonds, currencies, financial futures, options and mutual funds.
Research and strategy teams of over 160 full time experts, located in three time zones, cover the 24-hour market cycle. They originate on average 2500 pieces of analysis daily, prepared in four languages. This output reaches a community of readers, which includes bankers and policymakers in over 80 countries, more than 30,000 professionals in over 700 banking and trading institutions worldwide. The Company's products are delivered in real-time over all key digital distribution channels, including Internet, wireless and on-line proprietary networks.
About Wells Fargo
Wells Fargo & Company is a $234 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through about 5,3000 stores, the Internet and other distribution channels across North America, including all 50 states, and elsewhere internationally.
The Foreign Exchange Services Division provides a comprehensive package of services. It began serving customers when Wells Fargo’s International Services Group was established in 1988. Since then, its trading volume has grown to more than $1.2 billion of volume a day in foreign currencies with more than 1,000 trades a day. Customers may access services by phone, online, at one of the 12 dedicated Foreign Exchange offices.
