Telekurs (USA) Distributing Bear Stearns Pricing Direct® Inc. Data in the Americas

29th November 2004

Press Release No 21/04

STAMFORD, Conn. Telekurs Financial has extended its partnership with Bear Stearns Pricing Direct Inc. ("PricingDirect") to immediately begin licensing end of day securities pricing data in the Americas. This development broadens the successful, yearlong partnership under which Telekurs supplies PricingDirect’s fixed income pricing data to customers in Europe and Asia.

Telekurs (USA) Inc. recently began the direct sale and distribution of its Valordata Feedâ„¢ (VDF), an especially rich source of global securities master data and corporate actions information, in the Americas. The incorporation of PricingDirect adds daily pricing data for a significant portion of the more than 1.1 million U.S. taxable fixed income securities offered by PricingDirect. These include 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."

PricingDirect’s institutional clients include a wide range of mutual funds, broker-dealers, risk managers, clearance services, insurance companies, fund accounting administrators, banks, trust companies and investment managers.

Daniel Spina, chief executive officer, PricingDirect, said: "We’re excited about the expansion of our partnership with Telekurs into the U.S. and Canadian markets. The combination of our supplying comprehensive U.S. fixed income pricing data and their world-class global security master data, cross-reference and securities pricing creates a tremendous cross-border market data solution."

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