New York, February 7, 2005 - FIMA - Asset Control, a leading provider of investment data management solutions to the financial industry, today announced that Abbey Financial Markets (AFM), a long-standing user of Asset Control for risk-related data management, has extended the use of its Asset Control platform into corporate actions data management.
This announcement is being made at the FIMA 2005 Financial Information Management Conference being held February 7-9 at the Waldorf Astoria in New York. At booth #8, Asset Control will be demonstrating corporate actions and reference data management workflow.
AFM chose the Telekurs Financial's Valordata Feed (VDF) as the vendor source for corporate actions data, as well as pricing and reference data. The feed was integrated into the Asset Control platform using the AC Plus feed handler for Telekurs Financial's VDF.
"The decision to extend our usage of the Asset Control platform into corporate actions data enables us to leverage our existing data infrastructure to provide new business functionality," said Bruce Angus, Head of IT Services Management, AFM. "Asset Control will provide core functionality to help meet the business requirement for consolidated high quality corporate actions data. The successful implementation of the Telekurs Financial VDF is the first phase of the AC corporate action data feed project, which is part of a broader expansion programme to deliver as much benefit from Asset Control as possible."
The AC Plus feed handler for Telekurs Financial's VDF is one of the growing menu of vendor feed interfaces that are now offered with AC Plus, Asset Control's flagship data management solution. These feed integration modules gather, enrich and optionally normalize the data to a format aligned with industry standards, such as MDDL and ISO 15022.
"When Abbey turned to Asset Control again for automated management of corporate actions data, we were delighted to be able to expedite their project with the VDF feed handler," said Ger Rosenkamp, CEO of Asset Control. "The project is a fine example of the well-established working relationship between Asset Control and Telekurs Financial."
The Telekurs Financial VDF feed is one of the leading sources of pricing, reference and corporate actions data. The data feed covers more than 2.2 million instruments and approximately 400,000 institutions worldwide. It provides global coverage from more than 700 contributor sources ranging from exchanges to news agencies.
"We are pleased to add Abbey to our VDF customer base, and gratified that our feed stood out in a competitive evaluation," said Beat Koch, CEO of Telekurs (U.K.) Ltd. "We have a commitment to easing the implementation efforts of our customers, and the Asset Control VDF feed interface is a showcase of the type of project we are pursuing with our software partners."