Deutsche Borse to Distribute Interactive Data's Bond Evaluations
May 06 2008 - 5:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, and Deutsche
B�rse, one of the world�s leading service providers for the
securities industry, today announced that bond evaluations from
Interactive Data�s Pricing and Reference Data business will be
distributed via Deutsche B�rse AG to financial institutions
throughout Germany. Deutsche B�rse offers a wide range of market
and reference data services to institutional clients and vendors.
By adding Interactive Data�s bond evaluations, Deutsche B�rse�s
clients will now be able to request evaluations for specific
securities in their portfolios via the WSS (Wertpapier Service
System) File Service, a comprehensive securities information
service for the back office. Interactive Data will then return the
evaluations to clients through Deutsche B�rse�s WSS. Interactive
Data is a leading independent provider of daily evaluations for
fixed income securities. With over 30 years of experience,
Interactive Data offers daily evaluations for approximately 2.5
million fixed income and international equity issues. Over 5,000
financial institutions worldwide, ranging from central banks to
large investment banks, subscribe to Interactive Data�s bond
evaluations. The evaluations include corporates, high yields,
governments and agencies, securitised debt issues, ABS, CMBS and
CMOs, US municipal securities, hybrid securities and money market
securities. Holger Wohlenberg, managing director, Market Data &
Analytics, Deutsche B�rse, said: �The bond evaluations from
Interactive Data will be an important additional service via WSS.
Through this batch data system, Deutsche B�rse offers reference,
corporate actions and pricing data on more than 400,000 securities
listed in Germany and abroad. The information is supplied once
every trading day in processed, machine-readable form or made
available via the Internet as a download.� Roger Sargeant, managing
director, Interactive Data (Europe) Ltd, added: �We are very
pleased to offer our evaluated services to Deutsche B�rse�s
clients. With increased regulation and the volatility in the
financial markets, firms are focused on the need to have a firm
grasp on the value of their holdings � especially thinly traded
fixed income securities. Our teams of experienced evaluators
incorporate the available transaction data, credit quality
information and any apparent market movements into the evaluated
pricing applications and models. We place emphasis on building
relationships with a broad range of market sources that can offer
insight into market activity.� 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 specialises in
�hard-to-get� information and evaluates many �hard-to value�
instruments. Pricing, evaluations and reference data are provided
in the US 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. About Deutsche B�rse Group Deutsche B�rse
Group is one of the world�s leading service providers for the
securities industry with a product and service offering for
issuers, investors, intermediaries and data vendors. The Group
covers the entire process chain from trading, through clearing, to
settlement and securities custody. Furthermore, Deutsche B�rse is a
service provider for the development and operation of IT systems.
Market Data & Analytics compiles, distributes and markets
independent capital market information, such as price data, trading
statistics, and back office information for banks and financial
institutions. Market Data & Analytics calculates and publishes
more than 2,100 indices in total. Deutsche B�rse thus ranks among
the world�s major index providers. Market Data & Analytics
offers products that provide targeted support for the middle- and
back offices of banks and financial services providers. The product
range comprises individual analyses on the basis of historical
data, the delivery of reference data and services relating to all
aspects of mandatory reporting to the Federal Financial Supervisory
Authority (Bundesanstalt f�r Finanzdienstleistungen � BaFin).
Deutsche B�rse Group currently includes Deutsche B�rse AG, a DAX
company and the world�s largest stock exchange organisation, with
its wholly-owned subsidiaries Clearstream International S.A. and
Deutsche B�rse Systems AG. The key markets within the Group are the
Frankfurt Stock Exchange, one of Europe�s largest stock exchanges,
and Eurex, one of the largest derivatives exchanges in the world.
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