Trace Financial and Telekurs Financial announce Enhanced Delivery Mechanisms for Corporate Actions in ISO15022 format and Valordata Feed
Tuesday 14th November 2006
Trace Financial
is able to offer enhanced delivery mechanisms for the Telekurs
Financial Valordata Feed (VDF) as well as VDF corporate actions
data in ISO15022 format through the Trace Financial product suite.
For the first time VDF corporate actions information can be mapped
directly to a customer's business system through the Trace Financial
Transformer application
using a data dictionary approach. Transformer is Trace Financial's
next-generation software solution for institutions working with
complex financial message standards. Transformer provides dictionaries
of any message standard (e.g. ISO 7775, ISO 15022, ISO 20022, CREST,
TRAX1, TRAX2, FIX v4.0 through v4.4, VDF, etc.) along with the ability
to translate, enrich, validate and deploy in any technical architecture.
Using Transformer hugely simplifies implementation and maintenance
as well as reducing testing times and change-management risks. Effort,
cost, risk, quality and time-to-market are all very significantly
improved.
Telekurs Financial's corporate actions data is also fully available
within the Trace Financial CAMS
Product suite, providing a market standard solution for automated
corporate event processing from the announcement stage right through
the whole business event lifecycle.
The CAMS Product suite consists of:
CAMS Connect, a
quick-start, entry level Corporate Actions solution that allows
the business to take the first vital steps on the automation path;
and CAMS which delivers
full automation of corporate action processing bringing the business
into the STP environment. Both products benefit from workflow technology
and an extremely flexible integration engine (SWIFTReady GOLD EAI
accredited), making risk control and system interfacing simple processes.
Beat Koch, CEO of Telekurs (U.K.) Ltd stated: "The
work we have done to deliver VDF data through the Transformer product,
is further evidence that Telekurs Financial's work with global technology
solutions providers and our investment in supporting the ISO15022
standard is paying real dividends for clients around the world.
Telekurs Financial is committed to supporting its clients and continuing
to develop the VDF feed which is used to deliver the high class
data that the company has provided for almost eighty years. The
company will continue to take into account ongoing changes to the
evolving standard, as well as other ISO compliant standards."
John Murphy, Managing Director of Trace Financial said: "The
Telekurs Financial VDF data feed is the leading comprehensive reference
data and corporate action feed which can now be integrated seamlessly
with a client's own internal systems using Transformer's exceptional
and proven capabilities. We are delighted that Telekurs Financial
now recommend our technology to significantly improve the ease of
integration for the benefit of our mutual clients' business."
Telekurs Financial
Telekurs Financial is a company of the Telekurs Group which operates
in the fields of financial information, payment transactions and
IT services. As a leader in its field, Telekurs Financial specialises
in the procurement, processing and distribution of international
financial information for investment advisory services, portfolio
management, financial analysis and securities administration. A
global network of local financial market specialists procures real-time
stock exchange information straight from the leading financial centres.
Containing over 2.9 million financial instruments, the database
of structured, encoded securities information maintained by Telekurs
Financial and its ten representative offices abroad is unparalleled
throughout the world in terms of both depth and data coverage. As
the official numbering agency for Switzerland and the Principality
of Liechtenstein, Telekurs Financial is responsible for allocating
Swiss security (Valor) numbers. It is a founding member of the Association
of National Numbering Agencies (ANNA) and leads the way in introducing
standard aimed at simplifying trading and securities administration.
For further information:
Kimberly Neumann, Telekurs (U.K.) Ltd, PR & Communications,
15 Appold Street, London EC2A 2NE Tel: +44 (0) 20 7550 5411 Fax:
+44 (0) 20 7377 5058 email:Kimberly.Neumann@telekurs.com
|
 |
