First Coverage Inc. (www.firstcoverage.com), a web-based software company delivering industry-leading coverage optimization solutions to the institutional investment community, today announced it won the 2006 Canadian Investment Award for “Best Use of Technology”.
The Canadian Investment Awards (www.investmentawards.com) recognize leading products and firms illustrating an enduring commitment to excellence within the financial services industry. The award was presented at a black tie reception in Toronto on November 30, 2006.
“We would like to thank the CIA for this tremendous honour.” said Randy Cass, CEO, First Coverage. “This award recognizes that our best-of breed technology is empowering investment professionals to easily, effortlessly and affordably get what they need from their sell-side coverage while most importantly providing them with the tools necessary to generate the highest possible returns for their investors.”
First Coverage is the first software application to deliver comprehensive, affordable and easy-to-deploy coverage optimization for institutional investment professionals. Coverage optimization empowers portfolio managers to easily identify and extract the greatest value from their institutional sales coverage. This clarity also results in a more transparent and accountable commission allocation process.
About First Coverage
First Coverage (formerly iSequent) delivers industry-leading coverage optimization solutions to the institutional investment community. The company was founded in 2005 through the combined efforts of industry participants and successful technology entrepreneurs. With its innovative web application, First Coverage optimizes the relationship between investment professionals and their sell-side coverage. Coverage optimization results in measurably higher returns for the buy-side and their investors, enhanced visibility of the value generated by institutional salespeople and accountability in the commission allocation process. For more information, please visit www.firstcoverage.com.
