SmartCo, a French software house, and Telekurs Financial have integrated Telekurs’ Valordata Feed (VDF) data flow into SmartCo’s Smart Financial Data Hub. Smart Financial Data Hub is designed to enable centralised data management, data quality control, access authorisation, real-time data analysis and the management of multi-contributor functionality.
“We are always interested in interfacing our data feed products into data management vendors’ solutions in order to better reach the market,” says David Lecompte, sales director of Telekurs France. “With SmartCo we had worked with them before for a specific client and we saw an opportunity to move forward and work together. We originally sat down to define client needs and data sets and have delivered corporate actions, pricing and reference data from VDF. The idea is that in addition to the data delivered by Telekurs Financial, clients can use the Smart Financial Data Hub to define the format, order and quality management of information. The first lot on corporate actions was delivered within a six-month timeframe,” he continues.
According to Pascal Mougin, chairman of SmartCo, the Telekurs interface joins connections to Bloomberg DataLicence, Thomson Financial DataStream, Finalim, Avox and others in the SmartCo suite.
Having a solution such as the Smart Financial Data Hub in place will enable Telekurs clients to integrate its data gradually. “We often notice that projects start with a focus on one business need, such as achieving a higher STP rate for corporate actions processing,” says Lecompte. “Once this is done, our customers can combine SmartCo’s data management expertise and Telekurs Financial’s data quality and depth to implement value-added solutions in the fields of reference data or portfolio valuation prices, for instance.”
Lecompte explains that regulations such as MiFID were not a driving force behind this integration, but the vendors believe that the combined solution will benefit clients in being able to attain compliance with them, as well as in meeting internal clients’ needs. “MiFID will impose huge changes on the back office of many organisations and in part the front and middle offices. An integrated solution will improve a client’s reaction time.”SmartCo, a French software house, and Telekurs Financial have integrated Telekurs’ Valordata Feed (VDF) data flow into SmartCo’s Smart Financial Data Hub. Smart Financial Data Hub is designed to enable centralised data management, data quality control, access authorisation, real-time data analysis and the management of multi-contributor functionality.
“We are always interested in interfacing our data feed products into data management vendors’ solutions in order to better reach the market,” says David Lecompte, sales director of Telekurs France. “With SmartCo we had worked with them before for a specific client and we saw an opportunity to move forward and work together. We originally sat down to define client needs and data sets and have delivered corporate actions, pricing and reference data from VDF. The idea is that in addition to the data delivered by Telekurs Financial, clients can use the Smart Financial Data Hub to define the format, order and quality management of information. The first lot on corporate actions was delivered within a six-month timeframe,” he continues.
According to Pascal Mougin, chairman of SmartCo, the Telekurs interface joins connections to Bloomberg DataLicence, Thomson Financial DataStream, Finalim, Avox and others in the SmartCo suite.
Having a solution such as the Smart Financial Data Hub in place will enable Telekurs clients to integrate its data gradually. “We often notice that projects start with a focus on one business need, such as achieving a higher STP rate for corporate actions processing,” says Lecompte. “Once this is done, our customers can combine SmartCo’s data management expertise and Telekurs Financial’s data quality and depth to implement value-added solutions in the fields of reference data or portfolio valuation prices, for instance.”
Lecompte explains that regulations such as MiFID were not a driving force behind this integration, but the vendors believe that the combined solution will benefit clients in being able to attain compliance with them, as well as in meeting internal clients’ needs. “MiFID will impose huge changes on the back office of many organisations and in part the front and middle offices. An integrated solution will improve a client’s reaction time.”
