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TELEKURS TO ADD GOVPX'S PROPHESY TO ITS GLOBAL MARKET COVERAGE

 NEW YORK, June 28 /PRNewswire/ -- Telekurs North America, the U.S. subsidiary of the world's leading global securities information company, and GovPX, the benchmark distributor of realtime pricing for U.S. Treasury securities, have signed a letter of intent.
 Telekurs would become a value-added distributor of GovPX's Prophesy, an electronic data feed providing realtime quotes, bid and offer size, offer yield, and aggregate daily and total volume from five of the six largest interdealer brokers in U.S. government securities.
 "This letter of intent is the continuation of our strategy to extend Telekurs' broad worldwide coverage of publicly listed securities," said Kenneth Marlin, president of Telekurs North America. "It is one of several steps we are taking to offer realtime and close-of-market prices on high-quality U.S. and non-U.S. government securities and on other instruments that will allow our current clients to monitor trends in stock, option, futures and commodity markets worldwide."
 Marlin continued, "Our existing customers who choose to subscribe to Prophesy via our Ticker Service will add a major new dimension to the world's best market data service. New users of Prophesy via Telekurs will be able to benefit from Telekurs' unmatched breadth of coverage, unequaled support, and unparalleled accuracy delivered by the industry's most reliable market data provider. Our three separate and redundant Data Centers, combined with the unique digital format of our information and with our proprietary software allow customers an unmatched ability to store and manipulate all of our data for use in graphics and statistical analyses."
 GovPX Prophesy via Telekurs would be available from Telekurs in North America, the U.K., Switzerland, Tokyo, and other major financial centers.
 Telekurs is the world's leading supplier to the trading, brokerage and investment communities of realtime, end-of-day, and close-of-market pricing, as well as corporate announcements, fundamental, and other financial information on publicly traded securities. Telekurs' global databases include coverage of more than 370,000 instruments from more than 50 countries with information from more than 250 data sources. Telekurs' also offers options-analytic and risk-management applications for traders of cash, forwards, futures, equities, and global derivatives.
 From June 28-30, Telekurs will be exhibiting at the Securities Industry Association (SIA) Information Management Conference and Exhibit at the New York Hilton in Booth No. 2107.
 -0- 6/28/93
 /CONTACT: Kenneth Marlin, president of Telekurs North America, Inc., 212-487-2729/


CO: Telekurs North America ST: New York IN: CPR SU:

LD-TM -- NY003 -- 6067 06/28/93 08:01 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:409
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