Stature in worldwide market significantly enhanced
2007 was a year of growth for Telekurs Financial Information Ltd. The firms sales increased by 27.6 percent, to reach a record high of CHF 310.3 million.
2007 was a very successful year for Telekurs Financial. Major improvements in market data architecture enabled data capacity to be doubled. Volumes processed by the real-time data feed rose 50 percent, to reach nearly 85 billion quote messages. The number of reference data records increased by more than 28 percent, to cover more than 3.8 million instruments.
Following its acquisition of the French Fininfo SA group’s financial information division, Telekurs Financial has now advanced to the number three slot in the European market for financial information services. Following this purchase, Telekurs Financial’s sales rose to CHF 310.3 million and its staff doubled to more than 1,300. On a like-for-like basis, Telekurs Financial’s sales outside Switzerland rose 10.4 percent.
The firm was particularly successful in the USA, the UK and Germany.
>> Telekurs USA not only grew its customer base significantly, but also succeeded in marketing Telekurs Financial’s entire range of products and services.
>> Telekurs UK signed new securities data contracts with Royal Bank of Scotland and Pictet.
>> Telekurs Deutschland gained market visibility thanks to a MiFID-related initiative, with Deutsche Börse now using Telekurs data to monitor the transparency of after-hours OTC trading. Four German customers are already using MiFID-related data supplied by Telekurs Financial. Telekurs Deutschland is also providing n-tv’s new finance and Internet portal with data.
The business in Switzerland also achieved pleasing results. This is principally attributable to the extreme stability of the firm’s existing customer base, as evidenced by the fact that practically no contracts were discontinued, while new customers were acquired.
