24th November 2003
Telekurs Financial has been contracted to supply Valordata Feed (VDF) for the London Stock Exchange’s enhanced SEDOL service, which goes live in January 2004.
The Valordata Feed provides the London Stock Exchange with access to one of the most comprehensive databases in the world, ready for back office automation and Straight Through Processing.
The Exchange will use VDF to deliver master data and corporate action data in a structured, encoded form as well as reference data and forex data (including historical data).
Telekurs was selected for their understanding of the importance in the provision of a sophisticated and automated corporate action solution. Telekurs is viewed as a market leader within this arena and is heavily involved in market initiatives.
CEO of Telekurs (U.K.) Ltd., Beat Koch said, "We are delighted that VDF is being used for the Exchange’s SEDOL project, which is essential to identify the industry requirements for an identifier which is timely, unique and widely adopted."
Karen Young, Head of Business Development, Information Services at the London Stock Exchange said, "The Exchange regards its enhanced SEDOL service as the first step in developing a reference data business – Telekurs’ VDF product was chosen for its reputation of delivering high quality global data."
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