About a-team Marketing Services

A-Team Insight Blogs

Telekurs (U.K.) Reorganizes; Streamlines Product Line

Subscribe to our newsletter

Telekurs Financial’s U.K. operation is planning to rationalize its product line to 10 products in 2005. The company also unveiled its new organizational structure for next year and is gearing up to open a new sales office in Edinburgh in December.

The rationalized product line will fall into reference data, corporate actions and pricing data categories, according to Richard Newbury, head of product services, who spoke at Telekurs Financial’s recent user group meeting in London.

The new line-up will call for the phase out products such as FinXS and FinWin, which are being replaced with Telekurs iD.

The former VPS and EVPS pricing services are being renamed Intraday Pricing Service. Telekurs Financial is in addition planning to make this service available to VDF clients by providing the data in the VDF’s proprietary PRD format “so clients can integrate the pricing data with fewer technical headaches,” said Newbury. The company is also planning to enhance the input file formats to cope with mixed securities identifiers. This will eliminate the need for clients to submit individual files for each securities identifier scheme they use.

In the near future, said Newbury, the APiD service will allow clients with access to a wide range of Telekurs Financial’s database content on request, in real-time and through a single interface.

Through the year, Telekurs Financial has added 36 new price sources, including Xetra European Stars, London Stock Exchange Eurosets, Boston Options Exchange, and Eurex US. It plans to add a further six sources before the end of the year, including the Baltic Exchange and Minneapolis Grain Exchange.

The product services group has been split out from a larger group responsible for day-to-day operations in order to improve the services available, said Newbury. Working within Newbury’s group is: Robert White and Daniel Pedrojetta, both responsible for TB II, customisation and internal databases; Nick Caplin, pricing services and customisation; Louise Lau, VDF and CARS; and an unfilled role for a real-time specialist to manage market data feeds and APiD.

In the wider corporation, Telekurs Financial presented its new organizational structure for 2005, (see Chart 1, Page 11 , including new hires (see Industry Identifier, Page 19).

Also discussed at the user meeting was Telekurs Financial’s ISO 15022 product (see Reference Data Review, May 2004) and the work Telekurs Financial has done with the London Stock Exchange. Giles Arbuthnott, product manager at the London Stock Exchange explained the timeframe for the expansion of the Sedol database to covering global equities by April 2005, global bonds by October 2005, and trusts, rights, warrants, futures and options by April 2006, to total an estimated 1.5 million securities in the database. In this endeavour, the LSE is sourcing data from Telekurs Financial’s VDF, as well as feeding it back to Telekurs Financial once its gone through the Sedol database. As Arbuthnott said, “We are continuously cleansing each other’s data.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Building High-Performance Data Infrastructures

The requirement for high-performance data systems to support trading analytics for hedge funds, high-frequency trading firms and electronic liquidity providers is well established. But the explosion in Big Data over the past several years has expanded the scope of inputs being used by these firms. At the same time, cloud technologies have added complexity to...

BLOG

A-Team Group Names Winners of Data Management Insight Awards – Europe 2022

Congratulations to the winners of A-Team Group’s Data Management Insight Awards – Europe 2022. These awards recognise both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across Europe. This year’s Data Management Insight Awards – Europe were presented by Olympic Athlete, Derek Redmond after a...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...