With the exception of a few major trading centres such as Hong Kong, Tokyo and Singapore, prices on Asian exchanges have been delivered to clients as closing prices until now. As stock market activity becomes more international – especially in the case of companies with a global focus – trading in other Asian stocks is becoming increasingly attractive.
Telekurs Financial has therefore decided to offer a total of nine Asian markets in real time. The first in line were the Shenzhen and Shanghai Stock Exchanges, which went live on 10 October. Three Taiwanese, three Korean exchanges and one Filipino exchange will follow in stages until March 2006.
“Our stated goal is to offer our clients the broadest possible range of data, tailored to their needs”, says Fritz Hediger, Head of Marketing and Sales at the head office of Telekurs Financial in Zurich. “And we are planning to expand our data offering even further.”
Telekurs Financial
Telekurs Financial is a company in the Telekurs Group, which operates in the fields of financial information, payment transactions and IT services. As a leader in its field, Telekurs Financial specializes in the procurement, processing and distribution of international financial information for investment advisory services, portfolio management, financial analysis and securities administration.
A global network of local financial market specialists procures real-time stock exchange information at source from the leading financial centres. Containing over 2.4 million financial instruments, the database of structured, encoded securities information maintained by Telekurs Financial and its ten representative offices abroad is unparalleled throughout the world in terms of both depth and data coverage.
As the official numbering agency for Switzerland and the Principality of Liechtenstein, Telekurs Financial is responsible for allocating Swiss security (Valor) numbers. It is a founding member of the Association of National Numbering Agencies (ANNA) and leads the way in introducing standards aimed at simplifying trading and securities administration.