Bedford, Mass., June 18, 2007 – Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that it is making available sophisticated analytics content, powered by its flagship service, BondEdge®, to evaluated pricing clients in North America.
The new service, Analytix DirectSM, provides clients with the convenience of utilizing pricing and robust risk analytics content from a single organization, Interactive Data. The risk analytics service was introduced in Europe in 2006, and is currently being utilized by a number of customers, including a $250 billion global asset management firm.
Increasingly, financial services companies are centralizing the management of data across their organizations. As a result, it is critical that these companies have access to a broad range of consistently high-quality data and robust analytics to be delivered across their front, middle and back offices. This can enable these businesses to streamline data warehousing protocols, improve efficiency and monitor risk proactively.
Elizabeth Duggan, senior director, Interactive Data Pricing and Reference Data, Inc., comments, "Analytix Direct delivers a range of option-adjusted measures including duration and convexity, option-adjusted spread (OAS), and key rate durations. It enables clients to utilize evaluations from Interactive Data Pricing and Reference Data, and risk analytics calculated by Interactive Data Fixed Income Analytics within Value at Risk (VaR) models, and reporting and performance systems. This can help further facilitate the risk management process with centralized content that feeds multiple investment applications."
Laurie Adami, president of Interactive Data Fixed Income Analytics, adds, "Analytix Direct allows us to provide for the front, middle and back offices an offering that leverages synergies across Interactive Data's businesses. Analytix Direct is a prime example of our strategy to increase collaboration and create combined services that can better meet clients' needs."
Analytix Direct offers a wide variety of flexible delivery options, including bulk file. Historical content is also available for clients interested in feeding research efforts, models, or proprietary applications.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. The Company's businesses supply time-sensitive pricing, evaluations and reference data for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, Interactive Data Pricing and Reference Data, Interactive Data Real-Time Services, Interactive Data Fixed Income Analytics, and eSignal, the Company has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia. The Company is headquartered in Bedford, Mass. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, owns approximately 62 percent of the outstanding common stock of Interactive Data Corporation.
Interactive Data Pricing and Reference Data provides global securities pricing, evaluations and reference data designed to support financial institutions' and investment funds' pricing activities, securities operations, research and portfolio management. Interactive Data Pricing and Reference Data collects, edits, maintains and delivers data on more than 3.5 million securities, including daily evaluations for approximately 2.5 million fixed income and international equity issues. Interactive Data Pricing and Reference Data specializes in 'hard-to-get' information and evaluates many 'hard-to value' instruments.
Pricing, evaluations, and reference data are provided in the U.S. through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
Interactive Data Fixed Income Analytics is a leading provider of fixed income portfolio analytics to the investment community with nearly thirty years' expertise. Its client base includes more than 500 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe. Interactive Data Fixed Income Analytics is long since known for its flagship service, BondEdge, which allows customers to identify opportunities and analyze portfolio risk using robust modeling techniques. Interactive Data Fixed Income Analytics also provides direct access to sophisticated risk measures for a wide universe of fixed income securities via its analytical datafeed service.
For more information about Interactive Data and its businesses, please visit www.interactivedata.com.
Interactive Data SM, the Interactive Data logo, BondEdge®, and Analytix DirectSM are service marks of Interactive Data Corporation.
Contact:
Investors
Andrew Kramer, +1 781-687-8306
andrew.kramer@interactivedata.com
Media
Lisa Herbert, +1 310-479-9715
lisa.herbert@interactivedata.com
Sue Mitchell (European media), +44 (0)20 7825 8076
sue.mitchell@interactivedata.com
John Coffey (US Media), +1 781-687-8148
john.coffey@interactivedata.com
Source: Interactive Data Corporation
