Interactive Data Delivers Indicative Valuations for Exchange Traded Notes and Values for Market Indices
June 10 2008 - 8:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today
announced that it can now deliver indicative intra-day valuations
for exchange traded notes (ETNs) and values for market indices.
Interactive Data�s Basket Calculation ServiceSM, which also offers
intra-day indicative optimized portfolio values (IOPVs) for equity
and fixed income exchange traded funds (ETFs), has been expanded to
calculate intraday ETN IOPVs and index values that include
equities, fixed income securities, currencies and commodities every
fifteen seconds. This offering utilizes different market inputs,
including real-time data from exchanges around the world, and can
make this information available to the exchanges through
PlusFeedSM, Interactive Data�s consolidated low latency digital
datafeed. Interactive Data currently calculates and disseminates
intra-day indicative valuations for baskets of securities to nine
clients, including four of the five largest ETF sponsors1, via the
Basket Calculation Service. �By expanding the Basket Calculation
Service, we can provide financial institutions with critical
intra-day information to help them broaden their range of ETFs,
ETNs, indices and other exchange traded structures,� said Mark
Hepsworth, president, Interactive Data Institutional Business.
�Interactive Data has once again demonstrated its commitment to
working closely with clients to quickly develop innovative
offerings that are designed to help them address complex
challenges, meet market requirements and expand their business.�
The Basket Calculation Service is 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 and the Interactive
Data logo are service marks of Interactive Data Corporation. Basket
Calculation ServiceSM is a service mark of Interactive Data Pricing
and Reference Data, Inc. 1. The ETF sponsors referenced in the
press release are ranked according to number of funds offered.
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