FT Interactive Data Expands Bank Loan Pricing Service
January 23 2007 - 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 enhancements to its bank loan pricing service that can
help clients more efficiently update critical information about the
syndicated bank loans in their portfolios. FT Interactive Data�s
bank loan pricing service, which provides clients with seamless
access to independent valuations of syndicated bank loans, now also
automates the delivery of refinancing, termination and substantial
amendments to loans, as well as the effective date of the change.
Due to the massive volume of loans in the marketplace, estimated to
have reached $3.5 trillion in 2005*, it can be challenging for
firms to efficiently keep track of these events. The bank loan
pricing service uses a web-based user interface to quickly deliver
information for a specified universe of loans to clients. Bank loan
prices are provided by Markit Group Limited (�Markit�) and drawn
from more than 70 dealers in the bank loan market. FT Interactive
Data�s bank loan pricing service is available through an add-on to
FT Interactive Data�s evaluation services or as a module of its
FTSSM online portfolio administration service. �Enhancements such
as this demonstrate FT Interactive Data�s commitment to developing
offerings that automate processes that have historically been
manual, time consuming, and error prone,� said Ray D�Arcy,
president of sales, marketing and institutional business
development, Interactive Data Corporation. �We believe that
providing our clients access to a broad range of information
through flexible offerings that seamlessly integrate into their
workflow can help maximize efficiency and transform a firm�s use of
data into a competitive advantage.� Additional information about
the bank loan pricing service is available at:
http://www.ftinteractivedata.com/
news_events/press_releases/2006/10/24.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.
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