INET BFA, Applied Logic Partner on Data Distribution

INET BFA  one of Africa’s leading provider of financial data, feeds and analysis tools, has concluded a reseller and distribution agreement with Applied Logic Limited, owner of the Broadstreetlagos.com platform, for the distribution and support of the INET Fronteer  market data terminal.

This is INET BFA’s initial entry into the Nigerian financial data services market, a key global financial market and Africa’s largest economy.  The company said in a statement that the agreement aligns with INET BFA’s strategy of forming key strategic partnerships with recognised and established local companies as market entry partners.

The strategy allows INET BFA an accelerated time to leverage Broadstreetlagos’ extensive Nigerian financial markets knowledge, experience and local client base. According to the company, the agreement to market and support the INET Fronteer product compliments Broadstreetlagos’ existing product suite which currently offers extensive coverage of the local Nigerian exchange prices and underlying fundamental company and instrument data.

Speaking on the development, Head of New Business Development, INET BFA, Anton van Vuuren said, “Broadstreetlagos.com was an obvious choice for us. We have had a longstanding relationship with Applied Logic. The conclusion of the agreement gives us the skills and credibility we need to build our brand with trusted partners in the Nigerian market. Nigeria represents an important market for us, we need to navigate effectively and ensure we bring the correct product, price and data to the Nigerian financial services market, Applied Logic has the expertise and experience to guide us.”
Anton added that  the company’s focus is Africa.

“We are looking to build meaningful long term relationships with all market participants, using our global reach to connect the international financial services industry to the current African growth story,” he declared.
Speaking in the same vein, Head of Strategy at Applied Logic, Kola Adesunloye, said, “We are excited to partner INET BFA in what we feel is a response to increasing demand from our clients forglobal data. The bundling of INET Fronteer with Broadstreetlagos.com addresses that need.”

INET Fronteer provides consolidated equities data from over 55 exchanges and extensive debt markets data from exchanges and contributing brokers. View futures, options, swaps and indices on many classes of commodities and access in-depth fundamental data, stock screening and peers analysis covering more than 80,000 global companies.

As part of ongoing synergies between the two companies, the complimentary INET Fronteer and Broadstreetlagos’ products will be bundled together allowing cost effective comprehensive data from the desktop to the mobile tablet or mobile phone.

See more here: ThisDay