An independent research company with an award-winning team of former Dresdner Kleinwort analysts has launched its first service aimed at the buyside since it was spun off from the bank earlier this year.

Price Information Advantage, a start-up research company formed earlier this year by former Dresdner Kleinwort analysts Max Knudsen, Steve Lucas and Alan Collins, has launched PIA-First, a technical analysis service that provides traders and investors with information on the foreign exchange, interest rates and equity options markets.