FT Interactive Data Delivers Independent Valuations of Bank Loan Prices
October 24 2006 - 8:30AM
Business Wire
FT Interactive Data, an Interactive Data (NYSE: IDC) business and a
leading supplier of financial information to global markets, today
announced that it will provide clients with seamless access to
independent valuations of syndicated bank loans. By delivering an
expansive set of data for an increasingly broad range of
securities, FT Interactive Data helps its clients assess the value
of their portfolios more effectively. World-wide loan volumes have
increased significantly in recent years, up from $2.3 trillion in
2000 to $3.5 trillion in 2005*. As these volumes grow and investors
enter the bank loan market, it will be increasingly important for
firms to have access to independent valuations. FT Interactive
Data�s new bank loan pricing service is available through an add-on
to FT Interactive Data�s evaluation services or as a module of its
FTS� online portfolio administration service. Loan valuations are
based on data gathered by Markit Group Limited (�Markit�) from more
than 70 dealers in the bank loan market, comprising approximately
6,000 loan prices daily. �With the growing interest in a broad
range of complex securities, it is critical for FT Interactive Data
to provide clients with seamless access to high quality information
that can help them to make more informed financial decisions,� said
Ray D�Arcy, president of sales, marketing and institutional
business development, Interactive Data Corporation. �By continuing
to expand the range of information and delivering it through
flexible offerings that seamlessly integrate into a firm�s
workflow, FT Interactive Data helps clients work more efficiently.�
�Through the addition of independent valuations of bank loan
prices, FT Interactive Data is now offering clients one of the most
comprehensive sets of fixed income data in the financial services
industry,� said Mike Rushmore, executive vice president and global
head of sales at Markit. �Since forming our strategic alliance
earlier this year, we have worked together successfully to provide
a growing number of firms with access to a high quality valuation
perspective.� Additional information about other offerings from FT
Interactive Data, including services for delivering independent
valuations of credit default swaps (CDS) and CDS index trades, is
available at:
http://www.ftinteractivedata.com/products/data_type/cds.shtml.
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, 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. For more information, please visit
www.interactivedata.com. FT Interactive 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. 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.
*Loan volume data from Dealogic, as cited in the September 21, 2006
issue of The Economist. FT Interactive Data, an Interactive Data
(NYSE: IDC) business and a leading supplier of financial
information to global markets, today announced that it will provide
clients with seamless access to independent valuations of
syndicated bank loans. By delivering an expansive set of data for
an increasingly broad range of securities, FT Interactive Data
helps its clients assess the value of their portfolios more
effectively. World-wide loan volumes have increased significantly
in recent years, up from $2.3 trillion in 2000 to $3.5 trillion in
2005*. As these volumes grow and investors enter the bank loan
market, it will be increasingly important for firms to have access
to independent valuations. FT Interactive Data's new bank loan
pricing service is available through an add-on to FT Interactive
Data's evaluation services or as a module of its FTS(TM) online
portfolio administration service. Loan valuations are based on data
gathered by Markit Group Limited ("Markit") from more than 70
dealers in the bank loan market, comprising approximately 6,000
loan prices daily. "With the growing interest in a broad range of
complex securities, it is critical for FT Interactive Data to
provide clients with seamless access to high quality information
that can help them to make more informed financial decisions," said
Ray D'Arcy, president of sales, marketing and institutional
business development, Interactive Data Corporation. "By continuing
to expand the range of information and delivering it through
flexible offerings that seamlessly integrate into a firm's
workflow, FT Interactive Data helps clients work more efficiently."
"Through the addition of independent valuations of bank loan
prices, FT Interactive Data is now offering clients one of the most
comprehensive sets of fixed income data in the financial services
industry," said Mike Rushmore, executive vice president and global
head of sales at Markit. "Since forming our strategic alliance
earlier this year, we have worked together successfully to provide
a growing number of firms with access to a high quality valuation
perspective." Additional information about other offerings from FT
Interactive Data, including services for delivering independent
valuations of credit default swaps (CDS) and CDS index trades, is
available at:
http://www.ftinteractivedata.com/products/data_type/cds.shtml.
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, 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. For more information, please visit
www.interactivedata.com. FT Interactive 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. 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.
*Loan volume data from Dealogic, as cited in the September 21, 2006
issue of The Economist.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2023 to Jul 2024