CMS BONDEDGE SIGNS DEAL WITH RISKMETRICS
GROUP TO SUPPLY MORTGAGE-BACKED SECURITIES ANALYTICAL MEASURES
Los Angeles,
March 10, 2004 CMS BondEdge, an operating division of Interactive
Data Corporation (NYSE: IDC) and a leading provider of fixed income
portfolio analytics, today announces an agreement to provide RiskMetrics
Group with key rate duration calculations for mortgage-backed and asset-backed
securities with prepayment risk. The CMS BondEdge data will be incorporated
into the company's RiskManager product.
RiskMetrics Group's RiskManager currently provides a range of
risk analysis for portfolios with mixed asset classes, including equities,
fixed income securities, derivatives, currencies and commodities. The
addition of CMS BondEdge key rate duration calculations allows for a
more detailed analysis of the prepayment risk associated with some forms
of mortgage-backed and asset-backed securities.
Laurie Adami, president
of CMS BondEdge, comments, "We're pleased to be providing this
analysis through the RiskManager product. We believe RiskMetrics
Group offers a quality suite of products to the institutional investment
community, which in many ways complements the capabilities offered through
the BondEdge product."
For further
information please contact:
Lisa Herbert, CMS BondEdge
Tel: (310) 479-9715
Email: lisa.herbert@be.ftid.com
John Roderick, for
RiskMetrics Group
Tel: (631) 689-3038
Email: john@jroderick.com
About CMS
BondEdge:
Now in its twenty-fifth year, CMS BondEdge is a recognized leader in
investment technology and an independent source of fixed income portfolio
analytics, risk management tools and quantitative research. The CMS
BondEdge client base includes more than 500 leading banks, investment
managers, brokerage firms, insurance companies and pension funds throughout
North America and Europe. CMS BondEdge is an affiliate of FT Interactive
Data and division of Interactive Data Corporation (NYSE:IDC), a leading
global provider of securities pricing, financial information, and analytical
tools to institutional and individual investors. More information on
CMS BondEdge is available at www.cmsbondedge.com.
Information on Interactive Data Corporation is available at www.interactivedatacorp.com.
About RiskMetrics
Group:
RiskMetrics
Group provides financial analytics and wealth management solutions to
hundreds of financial institutions, corporations and central banks worldwide.
Since 1994, RiskMetrics Group research has set the standard for financial
risk management. RiskMetrics Group analytics, data and services enable
users to measure and manage risk, and to communicate that risk to managers,
clients, investors, shareholders and regulators. Formerly a division
of JP Morgan, RiskMetrics Group became an independent company in 1998.
The company is headquartered in New York City, with seven offices worldwide,
including London, Tokyo and Singapore.