Tenfore delivers EDI corporate actions data to Plus Markets

Source: Tenfore Systems

Tenfore Systems Ltd. and Exchange Data International (EDI) today announced that PLUS Markets has gone live with corporate actions data through its new UK equity trading service.

PLUS Markets is the first customer of a partnership deal that enables Tenfore to distribute EDI's corporate actions data to its own customer base. Tenfore, a provider of real-time and historic global market data, has also added reference data to its content sets and is distributing this for the first time to the PLUS service. EDI is a provider of back office solutions and securities data.

PLUS, which opened for business on 5 December, is a new London equity market service, based on a quote-driven trading system, for listed and unlisted securities. Combining an independent price discovery mechanism with free trade reporting and cost-effective market data, the service provides its members with a choice of execution venue. PLUS Markets launched the service in response to demand from leading financial institutions and brokers and is available to all broker dealers and market makers who become members.

Peter Sheridan, director of trading and operations at PLUS Markets Group plc, says: "We chose to work with Tenfore because they share our commitment to flexibility, to embracing innovation, and dedication to customer needs. We look forward to building a mutually productive relationship going forward."

Tenfore and EDI first formed the partnership in May 2005 to enable Tenfore to distribute EDI’s corporate actions data from all major equity exchanges worldwide to its own customers. EDI also provides Tenfore with equity price data for Asian-Pacific exchanges, including Hong Kong and Singapore, and Tenfore provides EDI with equity price data for a large number of other markets.

PLUS Markets is the first customer to benefit from Tenfore's new reference data service. Tenfore added global reference data, including full company name, ticker symbol and ISIN number, to its content sets in October 2005.

Jonathan Bloch, managing director, EDI, says: "We provide solutions to most of the major investment banks, brokerage houses and custodians. We've found Tenfore to be a flexible provider and by partnering with the company, our customers can benefit from clean and accurate end-of-day prices for the crucial US and European markets."

Tenfore already provides real-time and historic market data for European, US and Asian-Pacific exchanges, and a consolidated FX feed. Its content can be integrated easily into third party platforms and applications or delivered direct through Tenfore's own desktop products. Tenfore's APIs offer quick and easy integration of its data into third party applications and for the contribution of client data through the Tenfore network. The company has designed its APIs to accommodate differing client requirements and constraints including environment, data usage and development resources.

Gordon Bloor, CEO, Tenfore, says: "The partnership is an important part of our strategy to expand our content sets and ensure customers can maximise their data budgets. Customers can now add corporate actions and reference data to their existing portfolio of market data as part of one complete Tenfore package."

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