ValueLink has selected SIX Telekurs’ Intraday Pricing Service (IPS) as a data provider for its PriceValidation solution. The vendor will cleanse the data from SIX Telekurs’ real-time Market Data Feed (MDF) against a number of feeds from different data suppliers and internal sources and provide it as an optional feed for its PriceValidation clients, explains Stephen Choate, CEO of ValueLink.
ValueLink’s scrubbed pricing feed is aimed at the fund administration sector and the addition of another data source will enhance the validation process, says Choate. Portfolios can be priced at end of day, at market close, or as an intraday snapshot and they can be identified by a mixture of different financial security identification numbers.
In June last year, ValueLink added a pricing feed from Interactive Data’s Pricing and Reference Data business to its PriceValidation solution.