ComStock, a division of Interactive Data Corporation (NYSE: IDC) and a leading provider of real-time global market data, and IS.Teledata AG, Europe's largest provider of internet-based financial information systems, have signed a 10 year contract, expanding the long-standing and highly successful strategic alliance that has been in place since 1996.
"The success of our relationship to date has demonstrated the tremendous strength of our combined offerings and we are building on that success with this agreement," said Stephan Wolf, spokesman of the board of IS.Teledata. "The combination of IS.Teledata's leading edge internet technology and applications, with ComStock's high quality global market data, allows us to bring truly innovative solutions to the financial communities on both sides of the Atlantic."
ComStock is the primary provider of real-time, delayed and historical market data to IS.Teledata, feeding the company's computer centres in Cologne and Frankfurt. The global data, which includes all asset classes -- equity, fixed income, foreign exchange, commodities and derivatives -- and covers in excess of 1.8 million instruments, is used to power the financial information systems of the IS.Teledata client base of over 150 banks, brokers, exchanges, portals, investment companies and media houses throughout Europe.
In addition to providing market data, ComStock distributes IS.Teledata products under licence over its global sales network, expanding its range of distribution and application capabilities based on forward-looking internet technologies.
"Our agreement with IS.Teledata AG allows us to leverage our truly complementary capabilities," says Daniel J. Connell, president and CEO of ComStock, "and the net result of the collaboration is that we can provide highly innovative and customised market information solutions to the world's most demanding financial institutions. The initial response to these new solutions in the US and other parts of the world has been very encouraging."
ComStock, a division of Interactive Data Corporation, (http://www.comstock-interactivedata.com) is a leading provider of real-time global financial information to financial institutions, financial information re-distributors and online media portals worldwide. ComStock's suite of services ranges from a real-time datafeed, to fully customised and hosted market data solutions.
Interactive Data Corporation (NYSE: IDC) (http://www.InteractiveDataCorp.com) is a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts, Interactive Data Corporation has approximately 1,800 employees in offices throughout the world.
Interactive Data Corporation is approximately 60 per cent owned by Pearson plc and included within its Financial Times Group. Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business. Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing.
About IS.Teledata AG
IS.Teledata AG is Europe's largest provider of internet-based financial market information systems. The company arises from the merger of IS Innovative Software AG and OnVista Technologies GmbH. The corporation supports financial service providers with solutions and market data for professionals and customers. IS.Teledata provides a full range of products and services, from terminals and solutions for financial advisors and asset managers, websites and portals to powerful backend technologies for the distribution of financial market data.
More than 260 employees in seven European countries are dedicated to the development and operations of professional solutions. In close cooperation, IS.Teledata helps its business customers to achieve their strategic goals by leveraging their strengths and implementing their visions. Business customers benefit from an international partner network in which technology partners, content providers and research institutions join hands with IS.Teledata to increase efficiency in today's financial industry.
Mark Hepsworth, ComStock
Tel: +44 (0) 20 7825 7610 Email: firstname.lastname@example.org
or Sue Mitchell, ComStock
Tel: +44 (0) 20 7825 8076 Email: email@example.com@ftid.com