TheMuniCenter Selects FT Interactive Data as Primary Source of Reference Data
May 24 2006 - 9:00AM
Business Wire
High-Quality, Timely Data to Help Strengthen TheMuniCenter's Market
Leadership Position FT Interactive Data, part of Interactive Data
Corporation (NYSE: IDC), and TheMuniCenter L.L.C. today announced
that TheMuniCenter will utilize FT Interactive Data's Securities
Information Retrieval Service (SIRS(TM)) as the primary source of
reference data for its electronic fixed income trading marketplace.
With SIRS, a fully automated offering for delivering comprehensive
reference data, TheMuniCenter will be able to provide its clients
access to a broad set of high quality data on a wide range of fixed
income securities, including U.S. government, municipal and
corporate bonds. FT Interactive Data's multi-asset reference data
offering will also be used as a main source for TheMuniCenter's
mission-critical securities masterfile, which can enable them to
validate trade orders, bids and offerings, research securities in
connection with trading activities, and create derived data items
such as yield, accrued interest and duration. "Providing our
clients with access to high quality, timely, and relevant data can
help them analyze fixed-income securities to help them make more
informed trading decisions," said Tom Vales, chief executive
officer, TheMuniCenter. "We have been working closely with FT
Interactive Data to ensure that our broad spectrum of clients, from
the largest Wall Street dealers to the smallest independent
advisors, have access to this information in an easy-to-use online
format that helps them use our offerings more efficiently." "We are
very pleased to be providing TheMuniCenter with access to a single,
comprehensive source of reference data that is flexible enough to
manage the continued growth and sophistication of fixed income
securities," said Ray D'Arcy, president of sales, marketing and
institutional business development, Interactive Data Corporation.
"We believe that FT Interactive Data's high quality information on
a broad range of fixed-income securities will help strengthen
TheMuniCenter's position as a premier online fixed income trading
marketplace." Additional information about FT Interactive Data's
SIRS is available at:
http://www.ftid.com/pdfs/SIRS-5123-200508.pdf. About TheMuniCenter
TheMuniCenter is an established electronic marketplace created for
the purpose of facilitating live fixed income trading.
TheMuniCenter's objective is to provide qualified market
participants with equal access to aggregated content, liquidity,
and distribution on a single easy to use site, bringing operating
and business efficiencies to both dealers and buy-side customers.
TheMuniCenter also offers a number of sophisticated transparency
tools, giving its users access to real-time market content as well
as to the ability to execute on that content. 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, dividend, corporate action 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, FT Interactive Data, ComStock, CMS BondEdge and
eSignal, Interactive Data has approximately 2,200 employees in
offices located throughout North America, Europe, Asia and
Australia, and is headquartered in Bedford, MA. 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. FT Interactive Data
provides global securities pricing, evaluations, dividend,
corporate action and reference data designed to support financial
institutions' and investment funds' pricing activities, securities
operations, research and portfolio management. FT Interactive 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. FT
Interactive Data specializes in 'hard-to-value' instruments and
'hard-to-get' information from emerging markets. Evaluated pricing
is provided in the U.S. through FT Interactive Data Corporation and
internationally through Interactive Data (Europe) Ltd. and
Interactive Data (Australia) Pty Ltd. For more information, please
visit www.ftinteractivedata.com.
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