Telekurs cuts first market data re-distribution deal

Telekurs cuts first market data re-distribution deal

Telekurs Financial is to re-distribute its market data feed through the Internet-based dealing platform of Swiss-based FirstQuote.

Under the agreement, FirstQuote will integrate Telekurs' market data feed for re-distribution to its pan-European customer base across all product suites.

Fritz Hediger, head of marketing and sales at Telekurs Financial, says the agreement confirms the company's strategy to increase market penetration and growth through third-party redistribution.

The Telekurs feed offers coverage of 1.6 million instruments including debt, equity, trusts, options, futures and warrants and from added geographic coverage including additional markets in Europe and the Americas and newly offered markets in Asia Pacific, Africa and the Middle East.

The service is expected to be in operation for the FirstQuote.net Division's suite of Web and wireless applications in second quarter 2001 and for the FirstQuote professional division's suite of e-brokerage trading systems and real-time market data systems in third quarter 2001.

FirstQuote signed a similar deal with Dow Jones late last year.

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