Telekurs Financial Provides Extended Data Coverage Solution For Financial Software
LONDON, November 02, 2005 - Telekurs (U.K.) Ltd. has signed an agreement with Financial Software Limited (FSL) to provide historic global corporate actions information to enhance the coverage provided by FSL's capital gains tax solution, CGix. Telekurs Financial's integrated and flexible coverage of the European and Australasian markets, delivered via Telekurs iD - the next generation display product - brings significant enhancements to the coverage provided within the CGix product.
FSL dominates the market for the provision of Capital Gains Tax (CGT) solutions to both large and medium sized private wealth investment managers, and over fifty major financial institutions in the UK subscribe to their 'best of breed' solution, CGix
Telekurs Financial's integrated and cross-referenced global database covering over 2.4 million securities worldwide is an ideal reference for historical corporate action resolution. Telekurs iD is an intelligent working tool for financial industry professionals built to a modular design and offering an array of packages to meet the requirements of the front, middle and back office alike.
David Pirrie, Managing Director of FSL commented: "To calculate accurate Capital Gains, wealth managers require accurate and complete corporate event information. As the investment strategies of our clients have increasingly broadened into international markets we have followed by providing accurate and complete, current and historic corporate event information for these markets. We rely on Telekurs Financial to provide the quality and coverage of information to support the needs of our clients."
Beat Koch, CEO of Telekurs (U.K.) Ltd stated: "Telekurs Financial is pleased to be sharing its comprehensive global corporate actions database with the UK CGT software market leader. I am confident that Telekurs iD will once again prove its flexibility by enhancing international coverage within CGix, both for historical and forthcoming corporate actions."
Telekurs Financial
Telekurs Financial is a company in the Telekurs Group, which operates in the fields of financial information, payment transactions and IT services. As a leader in its field, Telekurs Financial specializes 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 2.4 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 standards aimed at simplifying trading and securities administration.