Interactive Data Introduces Earlier Delivery Time for Global Reference Data
June 10 2008 - 8:05AM
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 now delivers
start-of-day reference data for North American Equities at 1 a.m.
ET � seven hours earlier than previously available and in advance
of the opening of trading in Europe. An increasing number of
Interactive Data�s clients have begun queuing their trades just
after midnight for the start of the next day�s trading, and the
Company has responded by implementing an earlier delivery time for
updated reference data including IPOs, de-listings, new ticker
symbols and other changes that may have occurred since the prior
day�s end of trading. According to the results of a survey of 412
institutions in 65 countries worldwide conducted by AIM Software
for Interactive Data, 34 percent of respondents experienced
problems related to delays in data delivery from financial data
providers. Interactive Data�s earlier reference data delivery time
enables clients to build and maintain more precise security master
files while facilitating the flow of data through the back, middle
and front offices. �Interactive Data�s early delivery of critical
reference data underscores our ability to respond to our clients�
evolving requirements as well as offer an automated service that
replaces a manual, often error prone process,� said Robin Simpson,
managing director of Reference Data, Interactive Data. �We pride
ourselves on providing timely and accurate data that can help
clients gain a competitive advantage by enabling them to begin
their trading day on an accelerated schedule and curb the potential
pitfalls of failed trades due to inaccurate data.� Interactive Data
provides reference data to its clients at 1 a.m. ET and 8 a.m. ET
through its Securities Information Retrieval Service (SIRS�) to
support start of day trading. SIRS is a fully automated reference
data service for global securities. Additional details on SIRS can
be found at:
www.interactivedata-prd.com/07products/options/na/index.shtml#sirs
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. SIRS�
is a service mark of Interactive Data Pricing and Reference Data,
Inc.
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