Telekurs Financial has extended it relationship with Bear Stearns PricingDirect to bolster its end-of-day securities pricing data within the U.S. and Canadian markets. Telekurs has previous supplied PricingDirect’s fixed income pricing data to customers in Europe and Asia. Now, following the release of its exclusive distribution deal with Standard & Poor’s, Telekurs (USA) is selling its Valordata Feed (VDF) product directly to the U.S. marketplace. The addition of PricingData adds dailing pricing data for a “significant portion of the more than 1.1 million U.S. taxable fixed income securities in the PricingDirect database, covering ARMs, ABS, CMOs, CMBS, emerging market securities, high yield and investment grade corporate securities, SBA pools, and U.S. Treasury securities.
Barry Raskin, president of Telekurs (USA), said: “Our ability to offer PricingDirect adds a new dimension to our Valordata Feed in the Americas. PricingDirect’s proximity to Bear Stearns market makers, combined with their analytic securities valuation capabilities, enhances the quality, accuracy and reliability of our product.”