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 launched its class actions service mapped to ISO 15022 format. Interactive Data�s class actions service is designed to help financial institutions track, monitor and recover funds emanating from securities class action litigation. Securities litigation may be brought on behalf of a group of shareholders (the �class�) who have suffered an economic loss arising from a violation of the securities laws. With the current sub-prime crisis, the number of class action claims is expected to increase � and this is not just a US phenomenon. It has been estimated that over half of sub-prime securities have found their way into Europe, and that around a third of them could be located in the UK. Interactive Data�s web-based Xcitek Class Actions� service has been helping clients track class action events since 2005, and provides a detailed database of securities class action litigation filed in the US court system. Interactive Data has now mapped its class actions data into the ISO 15022 format and has made it available as an optional module of FTSSM, Interactive Data�s securities administration tool. Interactive Data�s latest offering includes critical dates and data, with the security codes relating to the defendant, all in standard ISO 15022 format. A link to the web-based platform, www.xca.xcitek.com, is also included in the ISO 15022 message. This link connects the user to the web-based version of the service, which provides a full-text description of the proceedings with all related documents. Roger Sargeant, managing director, Interactive Data (Europe) Ltd, said: �Class actions are an essential means of providing redress to investors from violations of the securities laws, and with the recent market turmoil, these actions look set to increase. Class members usually need to submit proof of their claims in order to participate in the proceeds from a final judgement or settlement. We have a comprehensive system that is capable of compiling and disseminating class action information, allowing the user to view and track the progress of all monitored class action lawsuits.� Nat Sey, reference data business manager, Interactive Data (Europe) Ltd, added: �We have been collecting and distributing corporate actions data to the financial industry for well over 20 years and have used this expertise, as well as the relationships cultivated with the major claims administrators and plaintiffs� counsel, to provide a comprehensive service in ISO 15022 format to track securities class actions. ISO 15022 can reduce the risk of incorrect interpretation and allows the user the opportunity to receive a standardised file for downstream processing and further automation of these events.� 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 U.S. through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd. Interactive Data and the Interactive Data logo are service marks of Interactive Data Corporation. FTSSM is a service mark of Interactive Data (Europe) Ltd. Xcitek Class Actions� is a trademark of Xcitek, Inc. All rights reserved. For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com.
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