Worldlink rockets on global trading deal

Worldlink, the real time data specialists for mobile devices, has gained a whopping 60% this morning after announcing a partnership with an investment bank to provide live streaming of global financial data.

The partnership, with an unnamed European bank, means Worldlink clients will be able to trade in Shares, FX, Contract for Differences, Futures, and Fixed Income products directly from their mobile phones using Worldlink's own platform.

Currently Worldlink customers only have access to UK share trading.

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The company's Managing Director, Neil Riches, said the deal would allow Worldlink to generate revenues from dealing which will continue even after the group's important "gate keeper" patents run out:

"We have two synergistic strategies...Generate revenues from offering licences to use our patents and building a sustainable business in our own right which will continue beyond the expiration of the existing patents. This (agreement) will build additional revenues directly for the Group."

In the last 12 months Worldlink has lost 82% of its value although in the last month it has gained 46%.

BS