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ComStock and IS.Teledata Expand Strategic Alliance with New 10-Year Agreement.


Business Editors

LONDON London, city, Canada
London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826.
 & BEDFORD Bedford, town, England
Bedford, town (1991 pop. 75,632), county seat of Bedfordshire, central England, on the Ouse River. It is an important industrial center; diesel engines, pumps, turbines, agricultural machinery, electrical equipment, and transistors
, Mass.--(BUSINESS WIRE)--March 17, 2004

ComStock, a division of Interactive Data Corporation (NYSE NYSE

See: New York Stock Exchange
: IDC) and a leading provider of real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example.  global market data, and IS.Teledata AG, Europe's largest provider of Internet-based financial information systems, announced today that they have signed a 10-year contract, expanding their long-standing long-stand·ing
adj.
Of long duration or existence: a long-standing friendship.


long-standing
Adjective

existing for a long time

 and highly successful strategic alliance, in place since 1996.

"The success of our relationship to date demonstrates the tremendous strength of our combined offerings and we continue to build on that success with this agreement," said Stephan Stephan is a male given name, a variant of Stephen.

This page or section lists people with the given name Stephan. If an internal link for a specific person referred you to this page, you may wish to add the surname to that wikilink.
 Wolf, spokesman of the board of IS.Teledata. "The combination of IS.Teledata's leading edge Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 technology and applications, with ComStock's high quality global market data, allows us to bring truly innovative solutions to the financial communities on both sides of the Atlantic."

ComStock is the primary provider of real-time, delayed and historical market data to IS.Teledata, feeding the company's computer centers in Cologne Cologne (kəlōn`), Ger. Köln, city (1994 pop. 962,500), North Rhine–Westphalia, W Germany, on the Rhine River. It is a commercial, financial, and industrial center, a rail and road junction, and a river port.  and Frankfurt. The global data, which includes a broad spectrum of asset classes - equity, fixed income, foreign exchange, commodities and derivatives derivatives

In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset.
 - and covers in excess of 1.8 million instruments, is used to power the financial information systems of the IS.Teledata client base of more than150 banks, brokers, exchanges, portals, investment companies and media houses throughout Europe.

In addition to providing market data, ComStock distributes IS.Teledata products under license over its global sales network, expanding the range of distribution and application capabilities based on forward-looking Internet technologies.

"Our agreement with IS.Teledata AG allows us to leverage our truly complementary capabilities," says Daniel Connell, president of ComStock, "and the net result of the collaboration Working together on a project. See collaborative software.  is that we can provide highly innovative and customized market information solutions to the world's most demanding financial institutions. The initial response to these new solutions in the U.S. and other parts of the world has been very encouraging."

About ComStock

ComStock, a division of Interactive Data Corporation, (www.comstock-interactivedata.com) is a leading provider of real-time global financial information to financial institutions, financial information re-distributors and online media portals worldwide. ComStock's suite of services ranges from a real-time datafeed, to fully customised and hosted market data solutions.

Interactive Data Corporation (NYSE: IDC) (www.InteractiveDataCorp.com) is a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts Bedford is a town in Middlesex County, Massachusetts, United States. It is within the Greater Boston area, some 15 miles north-west of the city of Boston. The population of Bedford was 12,595 at the 2000 census. , Interactive Data Corporation has approximately 1,800 employees in offices throughout the world.

Interactive Data Corporation is approximately 60 percent owned by Pearson plc and is included within its Financial Times Group. Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business. Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing.

About IS.Teledata AG

IS.Teledata AG is Europe's largest provider of internet-based financial market information systems. The company arises from the merger of IS Innovative Software AG and OnVista Technologies GmbH. The corporation supports financial service providers with solutions and market data for professionals and customers. IS.Teledata provides a full range of products and services, from terminals and solutions for financial advisors and asset managers, websites and portals to powerful backend technologies for the distribution of financial market data.

More than 260 employees in seven European European

emanating from or pertaining to Europe.


European bat lyssavirus
see lyssavirus.

European beech tree
fagussylvaticus.

European blastomycosis
see cryptococcosis.
 countries are dedicated to the development and operations of professional solutions. In close cooperation, IS.Teledata helps its business customers to achieve their strategic goals by leveraging their strengths and implementing their visions. Business customers benefit from an international partner network in which technology partners, content providers and research institutions collaborate with IS.Teledata to increase efficiency in today's financial industry.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 17, 2004
Words:601
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