DaDD adds FTSE group indices to index management service
09 February 2004 | 737 views | 0
The Dividend and Derivatives Directory (DaDD), has added the complete range of FTSE Group indices to The Index Management Service (TIMS).
TIMS now provides brokers and fund managers access to authoritative and detailed information on the constituents, shares in issue and divisors for practically all of the commercially available indices and exchange traded funds, worldwide.
As a result, DaDD is now the largest consolidator of FTSE data. Unlike some other global consolidators, the entire DaDD range of indices is provided directly by the index providers.
John Price, Managing Director of DaDD, commented on the deal: "The addition of direct access to the entire range of FTSE indices through TIMS effectively completes our global coverage. Since we launched TIMS we have added many major sell side banks to our list of clients and I expect to be announcing further new client gains in the near future. In addition to the extensive coverage, we also provide a very high level of added value and service and our technical delivery provides a solution in itself. TIMS together with 4 year dividend forecasts on the 5,000 largest cap global equities makes DaDD’s services compelling."
Donald Keith, Deputy Chief Executive, FTSE Group said: "FTSE Group are very pleased to be working with DaDD on TIMS and we are sure that clients using TIMS added value data services will be delighted with the addition of the data for FTSE Group Indices."
TIMS provides direct access to a very wide range of indices, from virtually every index provider. Index information is not merely redistributed but is subjected to a number of validation and quality checks before being released. Users are alerted to all significant changes and any discrepancies in the composition of the indices. In addition to the data, which is available real time in XML, TIMS also provides software tools to help to integrate the XML into users’ systems or for it to be imported into standard desktop applications such as Excel.