ISIN Organization Launches Web-Based Platform for ISIN Code Listing
(Thomson Reuters ONE) -
Technology Concern Challenges Legacy Financial Market Data Industry
LONDON, Dec. 3, 2014 (GLOBE NEWSWIRE) -- ISIN Organization, Inc., the
independent service bureau specializing in the ISIN code application process on
behalf of issuers of public and private securities as well as data vending
solutions to the ISIN industry, today announced the launch of its global, web-
based listing service for existing ISIN code holders and new issuers. ISIN is
the acronym for "International Securities Identification Number", a alpha-
numeric identifier which is the global financial industry standard for
identifying a specific equity, debt or derivative financial instrument issued by
public corporations, private companies and partnership entities. According to
financial industry experts, upwards of 20 million ISIN codes have been issued
since 1994.
The ISIN.org service, available effective December 1, will enable issuers of
equity and debt, including public corporations, hedge funds, mutual funds, unit
trusts and operators of private partnerships to provide existing and prospective
investors with a reporting tool that provides greater transparency as to the
details of financial instruments outstanding, including the most current net
asset value of the respective investor holdings. The ISIN.org service will
facilitate the display of Issuer information within an easily-accessed, web-
based portal, irrespective of where the fund is domiciled. Fees for this service
will start at US $1000.
According to Steven Chow, a principal from China International Limited, a
Shanghai, China-based fund manager, "Any reasonably-priced service that allows
fund managers, administrators and other entities to publicize and update their
ISIN code and related company data in real time via a credible, 3(rd) party
website is a critical tool given today's global investor demand for
transparency."
Added Chow, "While there are a select number of financial market vendors that
operate 'terminal farms' that facilitate Issuers to post their data, those
legacy services are often expensive to Issuers, and more important, access to
that information by end consumers is typically cost-prohibitive. ISIN.org seems
to have addressed both of these challenges."
About ISIN.org.
ISIN Organization, Inc. is service provider for the global financial market.
ISIN.org is independent of banks, government and financial institutions and
assists public and private companies, financial institutions, limited liability
corporations, government entities and private partnerships with ISIN database
information, ISIN application and related ISIN code needs and data vending
solutions. The firm's website is www.ISIN.org
CONTACT: Media Contact:
media(at)isin.org
Tel: 44 (0) 20 3002 0717
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ISIN Organization, Inc. via GlobeNewswire
[HUG#1876984]
Datum: 03.12.2014 - 21:11 Uhr
Sprache: Deutsch
News-ID 357172
Anzahl Zeichen: 3636
contact information:
Town:
London
Kategorie:
Business News
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