In 2006, Telekurs Financial Information Ltd achieved an overall sales growth of 6 percent, while sales outside Switzerland increased by a doubledigit rate.
Particular successes were achieved in the Benelux countries and in Italy. The restructuring of operations in Germany was completed, and Telekurs (Deutschland) GmbH will in future concentrate primarily on marketing and distribution activities.
In Europe, the firm sees the Anglo-Saxon and French markets as the key growth areas. In addition to the UK, with London as Europe’s preeminent financial center, the rapidly growing Irish financial market is of prime importance for Telekurs Financial’s services.
In the USA, Telekurs Financial signed new contracts with various prestigious financial institutions, thus broadening the distribution of its products in the world’s largest financial marketplace.
In Asia, Telekurs Financial targeted its efforts principally on Singapore and Japan. In Singapore, Telekurs Financial concentrates on services for the booming private banking market. In Japan, the firm offers a tailor-made application for local pension funds, which addresses the stringent requirements placed on settlements and valuations. This niche product has enabled Telekurs Financial to broaden its Japanese customer base considerably.
After a minor dip in 2005, Telekurs Financial fulfilled expectations by resuming sales growth in Switzerland in 2006, a turnaround helped not least by the robust performance of the financial markets.
Continuing development of existing products and the integration of additional data again enabled the firm to meet the ever-increasing demands of financial information users.
The preparatory work it carried out in connection with the EU’s Markets in Financial Instruments Directive (MiFID) provided renewed testimony of Telekurs Financial’s skill in supporting market participants in the implementation of new regulatory requirements.
