Invesco PowerShares Utilizes Interactive Data's Innovative Services to Help Calculate Equity and Fixed-Income ETF Valuations
April 23 2008 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today
announced that Invesco PowerShares is using its Fair Value
Information Service and Basket Calculation ServiceSM as inputs to
the valuation processes for its exchange-traded funds (ETFs).
Invesco PowerShares offers investors a broad range of ETFs that
include international equities and fixed-income securities,
including three recently launched municipal bond funds. For each of
these funds, Invesco PowerShares is required to provide an
indicative optimized portfolio value (IOPV) throughout the day and
the net asset value (NAV) calculation at the end of the day. With a
broad range of holdings in its funds, Invesco PowerShares must have
access to the timely information needed to help make these
calculations. Interactive Data offers a combination of services
that can help Invesco PowerShares address these challenges. Its
Fair Value Information Service provides information that can be
used by PowerShares to estimate the price of an international,
exchange-traded equity security when the local market for that
equity security is closed. This widely used service is a step that
Invesco PowerShares has taken in the interest of their shareholders
and to meet certain regulatory requirements. The Basket Calculation
Service provides the IOPVs for Invesco PowerShares� new municipal
bond ETFs. This offering utilizes Interactive Data�s real-time
fixed-income valuations, real-time equity pricing and interest rate
data to calculate updated IOPVs every 15 seconds. The Basket
Calculation Service can help ETF sponsors access the information
required to launch funds that contain a broader range of
fixed-income securities, facilitating further growth and
diversification in the ETF market. �Interactive Data offers a
unique combination of services that deliver information designed to
help us provide transparency to market makers and investors, as
well as meet our requirements for providing intra-day and
end-of-day ETF valuations,� said Rudolf E. Reitmann, Vice President
and Director of Portfolio Administration, Invesco PowerShares. �We
are very pleased to be working with Invesco PowerShares to provide
them with timely, mission-critical equity and fixed-income
information throughout each day,� said Mark Hepsworth, president,
Interactive Data Institutional Business. �It is Interactive Data�s
objective to harness the expertise and technology across our
organization to develop innovative offerings, such as the Fair
Value Information Service and the Basket Calculation Service, that
help meet the needs of our clients and help them address market
requirements.� Additional information about the Fair Value
Information Service and the Basket Calculation Service is available
at www.interactivedata-prd.com. The Fair Value Information Service
and the Basket Calculation Service are offered by Interactive Data
Pricing and Reference Data, Inc. 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 real-time market data,
time-sensitive pricing, evaluations and reference data for millions
of 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 2,300 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, is
Interactive Data Corporation's majority stockholder. 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 6 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 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, the Interactive Data
logo and Basket Calculation ServiceSM are service marks of
Interactive Data Corporation.
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