STAR DATA CREATES SECURITIES DATA SERVICE
By Adnews Staff
Star Data Systems Inc. of Markham, Ont. has teamed up with U.S.-based Telesphere Corporation to deliver a new securities data service. Called Star Source, the service will allow investment professionals to access detailed securities information. Making this possible is an international database containing over 350,000 securities from exchanges around the world. Star Source will enable the financial community to access profiles of securities, cross-reference international securities identifiers, obtain snapshot market values for portfolios of securities and retrieve corporate actions for securities worldwide. The service is aimed at banks, trust companies, brokerage firms, mutual fund companies, pension funds, insurance companies and investment counsellors. It will be available in Canada by the end of this year. Plans for advertising have not been finalized, but if there is any it will be done in conjunction with the company's other products and will be done in-house. Star Data supplies on-line financial information systems and solution to the financial services industry.