PLUS Markets Goes Live With Corporate Actions And Reference Data From Tenfore And EDI

PLUS Markets, a UK based equity market service, has gone live with the Tenfore Systems Ltd. and Exchange Data International joint offering of corporate actions data through its new UK equity trading service, making PLUS the first customer of a

By None

PLUS Markets, a UK-based equity market service, has gone live with the Tenfore Systems Ltd. and Exchange Data International joint offering of corporate actions data through its new UK equity trading service, making PLUS the first customer of a partnership deal that enables Tenfore to distribute EDI’s corporate actions data to its own customer base.

Tenfore, a provider of real-time and historic market data, has also added reference data to its content sets and is distributing this for the first time to the PLUS service. EDI is a provider of back office solutions and securities data.

PLUS, which opened for business on December 5, is a London equity market service based on a quote-driven trading system for listed and unlisted securities. Combining an independent price discovery mechanism with free trade reporting and cost-effective market data, the service provides its members with a choice of execution venue.

“We chose to work with Tenfore because they share our commitment to flexibility, to embracing innovation, and dedication to customer needs. We look forward to building a mutually productive relationship going forward,” said Peter Sheridan, director of trading and operations at PLUS.

Tenfore and EDI first formed the partnership in May 2005 to enable Tenfore to distribute EDI’s corporate actions data from all major equity exchanges to its own customers. EDI also provides Tenfore with equity price data for Asian-Pacific exchanges, including Hong Kong and Singapore, and Tenfore provides EDI with equity price data for a large number of other markets.

«