Automated Outsourcing Services (AOS), a Johannesburg-based independent third party fund administration company, has signed an agreement to use Switzerland-based SIX Telekurs’ Intraday Pricing Service (IPS) and Corporate Actions Reports Service (CARS) in order to price its clients’ instruments and to support the servicing of their client’s assets: a mixture of equity and forex positions.

SIX Telekurs’s IPS meets back and middle office requirements for portfolio management, custody services, analysis and research, clearing and settlement, fund management, compliance reporting and risk management.

CARS helps clients be prepared for upcoming events in their portfolio, as part of the SIX Telekurs’s Reference Data & Pricing product range. Available in different formats, the output is human readable and is can be integrated into internal systems.

Mark Baisley, director of operations at AOS, said: “The two success criteria in choosing the right data provider for our needs were accuracy and data coverage. We are very impressed with the high levels of both of these aspects which SIX Telekurs is able to provide.”

John McManus, sales director for SIX Telekurs UK and Ireland, said: “Both services [IPS and CARS] are versatile solutions for companies like AOS who have a very specific need. We are very pleased to be working with such a specialist company like AOS. Our partnership demonstrates our commitment to strengthening our presence in South Africa by offering a high level of customer service and flexible products.”