Telekurs to Combine Platforms

Telekurs Financial unveiled plans last week to replace its real-time market data products with a new browser-based data display application. Separately, the Zurich-based vendor will be launching an intraday corporate action service later this year.

The new display product, the name of which has not been announced, merges FinXS, Telekurs’ real time data product for the back office; VD Browser, the end-of-day data product; Finbase, which supplies real-time prices and securities administration information; Finterm, the predecessor to Finbase; and Windows-based Finvest.

The plan is to create a common environment for both Telekurs’ back-office data--such as its corporate actions data--and real-time price data on some 1.7 million bond and equity securities sourced from over 200 exchanges and 400 contributors.

Telekurs plans to migrate its customers to the new platform after it is launched this summer. Initially, it will be sold in Europe, but it will be available globally next year. It will eventually replace the five products, although officials decline to provide a timeframe for this.

Caroline O’Shaughnessy, business channel director at Telekurs (UK), says the product is complete and fully customizable. "It amalgamates the Telekurs data range into one service and offers intelligent, streaming access to the full Telekurs data content suite, which is constantly evolving," she says. Dow Jones Newswires services, for example, will be available over the platform in its earliest release.

More than 40,000 users at investment banks, custodians and fund managers access these market data products in Continental Europe.

Separately, later this year the vendor will launch an intraday corporate actions service as part of its Valordata Feed. It will deliver the data to customers at 10.30, 18.30 and 00.30 CET.

"Timeliness of this data means a great deal to our clients: back-office managers will receive information for settlements earlier. They will be able to administer corporate actions based on accurate and timely data with the inherent benefits to the settlement process," O’Shaughnessy says.

The intraday corporate actions service, which is in testing, will be offered as an optional service on the feed to customers globally.