Primark acquires Directus insider trading database

Primark acquires Directus insider trading database

Primark has acquired substantially all of the assets of Directus, the UK directors' trading data business, from Barra. The price was not disclosed.

Directus covers more than 10 years of UK directors' legal insider trading data, encompassing more than 250,000 transactions by nearly 20,000 insiders in companies listed on the London Stock Exchange. The data is delivered to institutional and individual investors in a variety of formats, including the Internet.

Joseph Kasputys, Primark's chairman and chief executive officer says the Directus database will be turned over to ScoreLab, Primark's insider information subsidiary and used to provide actionable data. "This will include calculating historical returns of individual UK directors to identify those who have exhibited the best timing in their trades, along with timely alerts on each new trade that is executed," he says.

Craig Columbus, president of ScoreLab, says the information will be delivered to investors over WAP-enabled wireless devices as well as the Internet.

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