About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Telekurs Financial Implements IBEI Codes

Subscribe to our newsletter

Broadening the adoption of a standard identifier for business entities, Telekurs Financial has implemented the International Business Entity Identifier (IBEI) codes for its Valordata Feed (VDF) and its financial display Telekurs iD. The vendor has been working on this implementation since June 2007 in order to allow European customers to identify participants in the processing chain of cross-border securities trading via IBEI codes.

Eight European countries have so far adopted the IBEI, but it has failed to gain the backing of countries such as the UK and the US during the second ballot on its introduction last year. The countries that have adopted the standard currently comprise Switzerland, France, Luxembourg, Liechtenstein, Belgium, Germany, Austria and Spain.

Telekurs has thrown its weight behind promoting wider use of the standard in Europe and reports that it has been strengthening its cooperation with the National Numbering Agencies with this in mind.

“The industry has been struggling for the last 10 years to agree on an IBEI concept. Telekurs Financial believes that the scheme of the IBEI code, as implemented by various Numbering Agencies, is an important step towards helping the global financial industry standardise the securities processing chain and thereby minimise the inherent operational risks of financial transactions,” says Nourredine Yous, head of data quality and development at Telekurs Financial.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Building Low Latency Trading Systems in Low Latency Time

This webinar has passed, but you can view the recording here. Click below to watch the webinar (recorded Nov. 9, 2010). In today’s ultra-competitive electronic trading marketplace, having lower latency than the rest is the only way to succeed. But there’s more to success than just the lowest latency system – your firm also needs...

BLOG

The Case Against Ripping and Replacing: Why Capital Markets Firms Should Build Intelligence Into What They Already Have

By Neil Vernon, Chief Product Officer, Gresham. For years, capital markets firms have faced the same challenge: modernising sprawling, legacy data systems. Each attempt follows a familiar pattern – ambitious platform overhauls, eight-figure budgets, years of disruption – yet the old systems often remain in use long after the new ones are live. Replacing systems...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...