Stockbroking firm Jarvis Securities (LON:JIM) managed to breathe some life into its share price today with news of a commercial agreement signed with Frankfurt-listed Worldlink Group to provide execution-only share dealing services on mobile phones. Worldlink is the owner of the UK and US patents for the transmission of profiled real-time data to mobile devices. The data product will be offered free to registered users and will mean that customers can make informed investment decisions whether on the move or at their desk through access to live market information. Jarvis will provide a low-cost execution-only dealing service in connection with the Worldlink service. Shares in Jarvis responded with a 7.6% rise to 133.5p but remain some way off last October’s 52 week high of 216p.

Worldlink will offer its data product via branded links with a number of information vendors and daily national newspapers. Jarvis will provide a branded dealing service for some of these Worldlink clients. The first, a national newspaper, will begin on June 15. A number of other arrangements are scheduled for implementation throughout 2010.

Andrew Grant, the chairman and chief executive of Jarvis, said: “We are delighted to have been selected for this joint venture with Worldlink. Their free real-time data product is a very exciting addition to the information available to investors. The extensive promotion of these services via national newspapers and other respected data providers offers Jarvis an enormous opportunity to expand our retail client base.”

In April, Jarvis reported that trading volumes has increased by 71% year-on-year during the first quarter of 2010 with active client numbers up 44% on March 31, 2009.

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