In addition to the provision of closing prices on equities, bonds and derivatives on the world's major exchanges, this agreement will give EST a significant competitive advantage by allowing it to offer value added services.
The agreement provides for EST to take delayed prices on all of the above instruments meaning that existing EST users will have intra day valuations in a
back office environment. This will provide EST's subscribers with a significant leap forward in terms of on-line post trade risk management via the Eclipse and Margin Click products. This, coupled with the real time relational database used by EST, will provide superior functionality within the operational technology sector.
An additional feature of this new service will be the ability for users to have their collateral holdings valued intra day enabling an even greater level of intra-day risk management.
Brian Ash, Head of Business Development at EST said the deal was "a real step forward in the status of Exchange Systems Technology. This agreement with
Telekurs Financial is necessitated by the pioneering products developed by EST, evidenced by the Tier 1 clients we are beginning to attract. The prospect of a
very successful 2005 is looking increasingly likely". Reto Baumann, Sales Manager Business Partners at Telekurs Financial in London remarked that "EST is a mid-size technology company with great potential for growth. Telekurs Financial is always looking to foster business relationships with up and coming service
providers. Telekurs Financial, part of the Telekurs Group which celebrates its 75 anniversary this year, is sure to benefit from this relationship.''