SIX Telekurs Reaches a Milestone in Intraday NAV Deliveries

28 May 2009

SIX Telekurs has reached the milestone of delivering 30 000 intraday fund prices through the Funds Fast Module of its Intraday Pricing Service. Funds Fast is a managed service which allows clients to receive fund price values from administrators up to eight hours earlier than from other vendors or end-of-day services.

Customers can use the data to produce NAVs of Funds of Funds on the same day that the NAV of the underlying fund is struck. In addition to the valuation prices (NAV, Mid, Bid, Ask), Funds Fast can also deliver issue, redemption, cancellation and creation prices as well as a range of additional calculated data for funds domiciled in the UK and Ireland.

SIX Telekurs collects values from over 150 administrators and distributes the data in real time. ln technical terms, Funds Fast allows customers to specify the format of the data files they would like to receive and also enables them to select any other type of reporting on the data they are receiving.

“We are delighted that our data and product teams can continue to grow the Funds Fast module of the Intraday Pricing Service we offer to customers. We think that continuing to deliver improvements to services is vital in the current climate and the milestone we have reached is evidence of our commitment to customers,” commented Martin Cole, Managing Director of SIX Telekurs UK & Ireland.















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