Los Angeles: February 21, 2002
CMS BondEdge, operating division of Interactive Data Corporation (NASDAQ:
IDCO), and leading provider of fixed income portfolio analytics, today
announced the installation of BondEdge at two prominent UK-based investment
firms last week.
Evolution of the European debt markets and portfolio diversification
have increased the need for fixed income portfolio analytics tools in
those markets. BondEdge supplies fixed income professionals with advanced
risk measures and reporting capabilities so that they can better understand
their risk/return profile. With over 550 institutions as clients in
North America, BondEdge has been tailored for a European audience, and
was formally launched in the UK last fall.
Teri Geske, senior vice president of product development for CMS BondEdge,
comments, "Many investors are now holding corporate bonds in addition
to sovereign debt, and are being measured against new benchmarks. Explaining
performance has become much more difficult; therefore, having the right
tools to explain performance, has become critical. With 36,000 euro
denominated corporate bonds, and 4,000 sterling denominated bonds, we've
received exceptional response to our ability to cover this market. Market
response to our Performance Attribution analysis, which explains in
meaningful terms the exact sources of your portfolios' returns in relation
to a chosen benchmark, has been overwhelming. In addition, the market
has been incredibly responsive to our Tracking Error analysis methodology."
Laurie Adami, president of CMS BondEdge, notes, "These installations
are significant in that they mark the first signs of our success in
the UK market, and validate the fact that there is a very real demand
which we are working to fulfill. The European audience is a critical
component of our mission to service the global fixed income community
with the most robust portfolio and risk analytics possible."
About CMS BondEdge:
For over 20 years, CMS BondEdge has been recognized as a leader in fixed
income analytical software. Long known for the BondEdge system, CMS
BondEdge is trusted as an independent source of research, analytics
and valuation tools by over 550 institutions in the U.S. and Canada.
CMS BondEdge is an affiliate of FT Interactive Data and division of
Interactive Data Corporation (Nasdaq:IDCO), a leading global provider
of financial and business information to institutional and individual
investors. More information on CMS BondEdge is available at www.cmsbondedge.com.
Corporate information on Interactive Data Corporation is available at
www.interactivedatacorp.com.
Contact:
Lisa Herbert, CMS BondEdge
Tel: (310) 479-9715
Email : lisa.herbert@be.ftid.com
