Swiss private bank Pictet & Cie has licensed Telekurs Financial's Java-based data management and distribution system, Telekurs iD, and has subscribed to the vendor's securities data feed, Valordata.
Pictet & Cie will roll out Telekurs iD to 500 users across its middle and back office to support its investment consulting and portfolio management activities.
The Valordata Feed will be used to support the automation of back-office processes.
Michel Mermoux, data feed manager at Pictet, says the bank was already a user of Telekurs' other display products and securities data.
"The new generation of display products and the enhanced Valordata Feed fit our corporate culture," says Mermoux.