Telefónica Goes Live with Alveo Prime Market Data Solution

Telefónica, a global telecommunications company, has gone live on Alveo’s Prime market data solution for its corporate treasury and financial division data management. The company’s sophisticated corporate treasury function, financial transactions and processes require accurate and timely market data for a wide range of purposes including hedge accounting, funding needs, financial reporting, validation and valuation of financial instruments.

Manuel Carreras Ferrer, transformation and change management manager at Telefónica, says: “We needed a new financial data repository for the firm. We use commercial data providers and different complex spreadsheets and needed to streamline the supply of market data into different business applications. Alveo’s market data solution helped us with a centralised data repository for all treasury-required FX and interest rate data, improved our operational efficiency and lowered our total cost of ownership.”