Telekurs Financial has been contracted to supply Valordata Feed (VDF) for the London Stock Exchange's enhanced Sedol service, which goes live in January 2004.
The Exchange will use VDF to deliver master data and corporate action data in a structured, encoded form as well as reference data and forex data (including historical data).
The LSE's planned extension of the Sedol numbering system has been identified by industry trade groups as a viable option for the development of a unique instrument identifier code for reference data and straight-through processing purposes.
Karen Young, head of business development, information services at the LSE, says: "The Exchange regards its enhanced Sedol service as the first step in developing a reference data business – Telekurs' VDF product was chosen for its reputation of delivering high quality global data."