The Associated Press (AP) is to use SunGard’s FAME data feed to collect financial information from different stock exchanges and data sources for publication in its financial publications.
The high-speed digital feed integrated into computer applications, desktops and databases supplies daily data on equities, mutual funds, money markets, foreign exchange and options and indexes. The system will allow AP customers to maintain and localize their market tables through AP’s Grand Central Stocks database.
“The Associated Press powers more than 90 percent of the newspaper market tables in the United States, and we continue to develop new solutions for the industry,” says Michael Salk, AP’s director of business and financial products. “Our new arrangement allows us to concentrate on innovative services, such as delivering financial data in page-ready, plug-and-play formats for immediate publishing after market close.”
“For data-reliant organizations like the Associated Press, the quality, speed and reliability of financial data is the foundation of their business models,” adds Janet Crowley, president of SunGard’s FAME business unit. “We’re pleased that FAME helps the AP to focus more on innovation, integration and efficiencies that add value to their services.”