HedgeSpeed Integrates Interactive Data's Reference Data into Innovative Software Platform
March 27 2007 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics, and related services, today
announced that its Pricing and Reference Data business has been
selected by HedgeSpeed Technology as a main source of financial
data for its middle-office liquidity management software platform.
HedgeSpeed�s innovative platform provides tools that are designed
to help hedge funds and fund administrators efficiently and
effectively manage portfolios. These tools include Borrow &
Position Master, which provides automated real-time locates and
trade/position capture, historical availability, and a flexible
reporting framework for historical analysis of positions and cost.
In addition, the Company�s strategic umbrella also includes Prime
Broker and OTC Margin Generation, Cash Management, OTC Swaps
Control, and Investor Subscription/Redemption Management.
Interactive Data�s high-quality reference data for more than 3.5
million securities is being used as a main source for HedgeSpeed�s
securities masterfile. Through an interface with Interactive Data�s
RemotePlusSM, HedgeSpeed can provide its clients with seamless
access to reference data, securities pricing, FX rates, dividend
information and corporate actions data. �The complexity of the
financial markets makes it critical for firms to have access to
easy-to-use tools and high-quality data in one platform,� said Vera
MacLeod, managing partner, HedgeSpeed Technology. �The combination
of HedgeSpeed�s innovative software platform and Interactive Data�s
vast universe of reference data provides our clients with a
comprehensive offering that can help them work more efficiently by
automating processes across the middle office.� �We are very
pleased that HedgeSpeed has selected Interactive Data as a main
source of reference data,� said Ray D�Arcy, president of sales,
marketing and institutional business development, Interactive Data
Corporation. �We continue to see a growing need for high-quality
data to support a diverse range of sophisticated front, middle and
back office applications. By integrating Interactive Data�s
reference data into their robust software platform, HedgeSpeed can
offer its clients a turnkey approach to efficiently managing their
portfolios.� Additional information about HedgeSpeed Technology�s
innovative product offerings is available at:
http://www.hedgespeed.com Additional information about Interactive
Data�s RemotePlus is available at:
http://www.interactivedata-prd.com/pdfs/RemotePlus_5140-200606B.pdf.
About HedgeSpeed Founded in 2005 by accomplished Hedge Fund and
Wall Street IT professionals, the genesis of HedgeSpeed Technology
was to provide software solutions and business consulting services
that solve the middle office challenges of Hedge Fund Liquidity
Risk Management.�HedgeSpeed�s software platform is powered by
Microsoft .NET technologies and applies open interface standards
that provide seamless integration with existing Hedge Fund, Prime
Broker or third-party technology platforms. 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, Interactive Data Pricing and Reference Data,
Interactive Data Real-Time Services, Interactive Data Fixed Income
Analytics, and eSignal, the Company has approximately 2,200
employees in offices located throughout North America, Europe, Asia
and Australia. The Company is headquartered in Bedford, Mass.
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.
Interactive Data Pricing and Reference 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. Interactive Data Pricing and Reference 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. Interactive
Data Pricing and Reference Data specializes in �hard-to-get�
information from emerging markets and evaluates many �hard-to
value� instruments. Pricing, evaluations and reference data are
provided in the U.S. through Interactive Data Pricing and Reference
Data, Inc. and internationally through Interactive Data (Europe)
Ltd. and Interactive Data (Australia) Pty Ltd. For more information
about Interactive Data Corporation and its businesses, please visit
www.interactivedata.com. Interactive DataSM and the Interactive
Data logo are service marks of Interactive Data Corporation.
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