Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait -KSE earns Outstanding Data Provider '13 award  Join our daily free Newsletter

MENAFN - Arab Times - 17/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait Stock Exchange was presented with the 2013 Outstanding Data Provider Award by the Financial Information Services Division (FISD) of the Software and Information Industry Association, the principal trade association for the software and digital content industry, at the FISD Issue Brief London on Dec 5. BATS Chi-X Europe and Vienna Stock Exchange were the other finalists nominated for the award. Officials of the KSE held a press conference to announce the achievement and informed that the award was created by the FISD Service Level and Communications Working Group to recognize the exchange or data provider that most closely adheres to the Working Group's Best Practice Recommendations. These recommendations serve as guidelines for communication and notification sent by exchanges and information providers to customers and downstream distribution partners in case of events such as administrative and policy changes, system upgrades, new product introductions, and unplanned interruptions.


Importance
Tom Davin, Managing Director of FISD has made the following statement, in this regard: "KSE is strongly deserving of this acknowledgement. The award recognizes the importance that clients and distributors place on clear and timely communications from their information providers. This recognition highlights the value of the Service Level and Communication Working Group's recommendations as a reference for exchanges and information providers throughout the market data distribution chain." Wafa Al Rashed, Director of the Technical Bureau Department of the KSE, stated, "To be considered for this award along with these stellar exchanges is such a great honour for Kuwait Stock Exchange. This recognition would not have happened without the continuous effort of our dedicated and experienced staff."

Sara Abdel Samad, Consultant at the Technical Bureau Department, informed that KSE is a member of the FSID in Washington and that the assessment for the award is based on questionnaires answered by data vendors who comment on the service they receive from exchanges. The award also takes into consideration how an exchange deals with third party users, the agreements and terms and conditions of information distribution, and other related information dissemination efficiencies. The Market Data Unit of the KSE under the Technical Bureau Department oversees this aspect of the KSE's operation. It also coordinates with the help desk in forwarding technical information and following up with them to make sure requests are handled appropriately and in a timely manner.

"We focus on quality data and quality services. We make sure that every request is handled efficiently. The Market Data Unit was established in 2009 and specializes in dealing with market distribution to third parties. Prior to this, information was scattered between different departments. Now, it has been consolidated and centralized for ease of access and efficiency", Abdel Samad remarked. She also informed that future plans would focus on continuing improvements in the quality of data provided on the KSE website which is most visible to the public, "We want to make sure that it is accurate and timely with information available in Arabic and English."

FISD provides a neutral business forum for exchanges, market data vendors, specialist data providers, brokerage firms, investment managers and banks to address and resolve business and technical issues related to the distribution, management, administration, and use of market data. Participants use the forum to exchange ideas, build business relationships and improve the business climate associated with the worldwide flow of financial information. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to more than 500 leading software and information companies

 


Arab Times




  MENA News Headlines
 May 6 2015 - US- Kerry visits DjiboutiSaudi Press Agency
(MENAFN - Saudi Press Agency) U.S. Secretary of State John Kerry is in Djibouti on Wednesday for talks with the government, Reuters reported.The Horn of Africa nation overlooking the Gulf of Aden has ...

 May 6 2015 - Kuwait's real estate sales reach USD3.17b in Q1MENAFN
(MENAFN) The State of Kuwait real estate sector recorded sales of about USD3.17 billion in the first quarter of the year, marking a decrease from USD4.04 billion for the prior quarter, Kuwait Times ...

 May 6 2015 - Saudi- Europe Day Exhibition to open at National Museum in Riyadh tomorrowSaudi Press Agency
(MENAFN - Saudi Press Agency) The National Museum in Riyadh will host on Thursday the celebrating event of Europe Day to be organized by the Delegation of the European Union in the Kingdom in ...

 May 6 2015 - Saudi- SAPTCO' signs SR 61.8 million facilitySaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi Public Transport Company (SAPTCO) announced the signing of loan facility agreement with Al-Rajhi Bank at a total value of SR 61.8 million.The company said in a ...

 May 6 2015 - Mideast oil importers GDP to grow 4 percent in 2015MENAFN
(MENAFN) The Mideast's oil importing countries are forecast to record a growth of 4 percent this year, up from the 3 percent logged last year, driven by a recovering local confidence, Gulf News ...

 May 6 2015 - Brazil exports to Arab states hit USD1b in MarchMENAFN
(MENAFN) The Brazilian exportations to the MENA region reached a total of USD1.036 billion in March, according to the Brazil's Ministry of Development, Industry and Foreign Trade, Emirate News Agency ...

 May 6 2015 - Abu Dhabi launches USD408.48m fluorides complexMENAFN
(MENAFN) The Emirate of Abu Dhabi launched its USD408.48 million Gulf Fluor's fluorides complex in the Industrial City of Abu Dhabi (ICAD) through an inauguration held by the Chief of the Emirate, ...

 May 6 2015 - Jordan's tourism revenue decreases to USD906.5m in Q1MENAFN
(MENAFN) Jordan's tourism sector posted revenue of USD906.5 million in the first quarter of the year, marking a decrease by 11.9 percent year-on-year, Reuters reported.The slump is due to the ...

 May 6 2015 - Austria's RP Global to build USD1.5b projects in DubaiMENAFN
(MENAFN) RP Global, subordinate of the RP Group of Companies headquarter in Vienna, is ready to invest USD1.5 billion on building two projects in Dubai, Arabian Business reported.Among the projects ...

 May 6 2015 - UAE non-oil trade hits USD291.38b in 2014MENAFN
(MENAFN) The non-oil trade sector if the United Arab Emirates recorded a total of USD291.38 billion in 2014, marking a slight 1 percent limp year-on-year, Kuwait News Agency reported.The data are ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help