TAPMaster Extends Value of Reuters Newly Licensed Instrument Codes

TAP Solutions, a leading software and services company, provides full support for all Reuters Instrument Codes (RICs) in its TAPMaster global securities master solution. RICs allow fund managers and traders to easily identify a financial instrument or company, eliminating errors in the trading cycle and improving the time to settle accounts.

VANCOUVER, BC (PRWEB) June 30, 2003 -TAP Solutions, a leading software and services company, provides full support for all Reuters Instrument Codes (RICs) in its TAPMaster global securities master solution.

RICs allow fund managers and traders to easily identify a financial instrument or company, eliminating errors in the trading cycle and improving the time to settle accounts.

Improving reference data management is a vital issue for industry executives as the current economic restraints are making cost efficiencies a number one priority.

Reference data is a common thread that crosses every part of a transaction lifecycle and is a critical path to achieve Straight Through Processing (STP).

The need for comprehensive and accurate reference data is more pressing than ever as the industry moves towards automatic processing of the entire trade life cycle. Reference data projects are a major challenge in the financial industry and a top of mind issue for our customers," said David Crouch, President & CEO of TAP Solutions. Having access to RICs lets our clients examine market data content at an unprecedented level."

About TAP Solutions
TAP Solutions, Inc. is a leading software and services company providing flexible, economical and scalable business solutions to the global securities and financial services industry. TAP products incorporate comprehensive, real-time support for reference data, record keeping, and business intelligence to reduce operating costs, meet regulatory requirements, and generate new sources of revenue.

To provide truly complete solutions, TAP also offers product implementation, custom software development, and business consulting. www.tapsolutions.com

About Reuters DataScope

Reuters designed DataScope for front-, middle- and back-office operations. An historical batch feed service, it currently features end-of-day equity prices and corporate actions from over 140 exchanges worldwide, spot rates on 175 currencies, cross and forward rates, an extensive array of global cross reference information for access across the enterprise and historical time-series data from 1976. Also following the integration of Bridge DataScope provides over 1.9m Fixed Income instruments both pricing and terms and conditions. Multiple types of securities are covered, from simple equities, indices, warrants and US, Asian and European mutual funds, to money market funds, money derivatives, equity options, futures and options-on-futures plus global taxable fixed income instruments both for US mutual fund delivery and end of day time periods.

http://www.about.reuters.com/productinfo/datascope
For more information on the use of RIC codes, please view http://biz.yahoo.com/bw/030507/75086_1.html
For more information:
Erin Kingston
Director Marketing & Partner Relations
TAP Solutions, Inc.
604.609.6267
ekingston@tapsolutions.com