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 Washigton 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 28 2016 - Pakistan predicts 10 percent hike in exports to UAEpakisMENAFN
(MENAFN) Pakistan is aiming at a 10 percent increase in exports to the UAE, which has touched USD3 billion in its last fiscal year 2014-15.The y-o-y joint trade capacity has climbed 11 percent to ...

 May 28 2016 - UAE crushes regional rivals as top business hubMENAFN
(MENAFN) Emirati growth in financial and business services, trade and logistics, and tourism activity, over the last couple of decades, has played an important role in fueling Dubai's emergence as a ...

 May 28 2016 - Egypt works hard to establish local car manufacturingMENAFN
(MENAFN) Egypt is qualified and well prepared for the establishment of a real automotive industry based on manufacturing, rather than assembly, as explained and stressed by the nation's Minister if ...

 May 28 2016 - Kuwait's index bounces 45.63 pts volume soarsArab Times
(MENAFN - Arab Times) Kuwait stocks swung higher on Wednesday, as sentiment brightened on rising oil prices and positive regional cues The bourse, after a tame start, jumped 45.63 points to 5368.25 ...

 May 28 2016 - KIPCO hosts 'Speed of Trust' seminar by CoveyArab Times
(MENAFN - Arab Times) The Kuwait Projects Company (KIPCO) hosted Stephen M.R. Covey on his first trip to Kuwait. Covey is a renowned keynote speaker and advisor on trust and leadership and the author ...

 May 28 2016 - Kuwait bourse indices post weekly gainArab Times
(MENAFN - Arab Times) The KSE Indices witnessed a positive week as the KSE price index closed with 5,396.67 an increase of 1.36% up 72.62 points compared to the previous week. As the MUDX remained ...

 May 28 2016 - Muslim mob attacks Christian homes in CairoArab Times
(MENAFN - Arab Times) An Egyptian appeals court has overturned five-year prison sentences for 47 people for participating in unauthorised protests, but upheld fines of more than $11,000 each, ...

 May 28 2016 - Dubai police patrol in luxuryArab Times
(MENAFN - Arab Times) Image is everything in Dubai € even when fighting crime. Police in this desert metropolis have built up a high-horsepower arsenal of luxury sports cars and SUVs over the years ...

 May 28 2016 - Coalition pounds DAESH in RaqaArab Times
(MENAFN - Arab Times) Warplanes from the US-led coalition have pounded the Islamic State group with at least 150 strikes to bolster a major offensive on the jihadists' Syrian stronghold of Raqa, a ...

 May 27 2016 - Qatar- Five key clashes in the Champions League finalThe Peninsula
(MENAFN - The Peninsula) The 2016 UEFA Champions League Final logo at the Piazza Duomo in Milan, Italy, on 26 May 2016. EPA/DANIEL DAL ZENNARO Madrid:Real Madrid face local rivals Atletico Madrid ...

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