ADP Unveils K2 In US; Ark Is An Early User

MARKET DATABASE

Ark Asset Management is one of the first US users of ADP's K2 institutional equities workstation, unveiled in the US at the Securities Industry Association conference and exhibit in late June. K2 was originally released in the UK (IMT, April 11).

The new offering includes historical information from the Dais Group and will also offer fundamental data from Stockval, which ADP just acquired, by year-end. K2 also includes dynamic Nasdaq Level 2 data, ADP's Investment Software Systems news search

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Cutting through the hype surrounding the FDTA rulemaking process

A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.

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