Investor Relations web solutions company, Big Law, announced today that as a Zimbabwe Stock Exchange authorised data vendor, they will soon start selling ZSE listed companies’ investor relations data through web widgets. The data will include daily share prices, valuations, indices quotes, share price gainers and losers, share price tickers and corporate announcements amoung other things. As you remember, Big Law built the new ZSE website and is still involved in the administration of the website and its data.
Being a financial data vendor means that Big Law has commercial access to the ZSE raw data and packages it to suit to the needs of its data; listed companies, SEC, stock brokers, international investors, asset managers and retail investors. On a global stage they are similar to the likes of Bloomberg and Thomson Reuters.
Speaking at the launch of the new widgets today Big Law CEO, Rob Stangroom, said that there’s never been a better time to communicate the value of Zimbabwe than now especially as the ZSE is now ready to communicate with the global market. He went on to say that as a country “we have to do it in a competitive way from a market perspective”, hence the introduction of the widgets.
“This is convenient and saves time and money for those parties such as stockbrokers, as they do not need to manually prepare and update this information anymore,” he said.
On the prices of the widgets, Stangroom said most widgets will cost between US $20 and $50 a month. He said though that for widgets providing detailed investor relations information the price could be as much as $150 a month. A local bank, NMB already uses one such detailed widget. Other Big Law clients also already use the widgets.
Big Law is currently the only ZSE authorised data vendor but Stangroom said he expects more data vendors to be authorised. There was indication though that they are still involved in the wholesale data deals conducted by ZSE. As the same company that built the ZSE website and introduced a structured way for the ZSE to present its data on its own website, it’s easy to be confused about the roles of them and the ZSE in the development, storage of, dissemination of and now selling of the the data.
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