Interactive Data Provides Bond Evaluations to Pictet & Cie
July 08 2008 - 4:30AM
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 is providing
bond evaluations to Pictet & Cie, one of Switzerland�s largest
private banks and a leading independent asset management bank in
Europe. Prior to the successful migration of Pictet�s core banking
system, Interactive Data provided its bond evaluations service via
a third party. Pictet now uses the Avaloq Banking System in
conjunction with GAIN Data Management from AIM Software, with whom
Interactive Data (Europe) Ltd has a long-standing relationship.
This new platform enables Pictet to access more up-to-date and much
wider coverage of bond evaluations, which are delivered via FTSSM,
Interactive Data�s securities administration service. Michel
Mermoux, head of Market Data, Pictet & Cie, commented: �The
integration of the bond evaluations service into GAIN Data
Management gives us direct access to a large universe of bond
evaluations from Interactive Data. We currently subscribe to over
3,000 bond evaluations on a daily basis, primarily mortgage-backed
securities, but also municipal bonds and other fixed income
securities.� Brendan Beith, sales director, Interactive Data
(Europe), added: �We are pleased that we are now able to supply our
daily bond evaluations directly into Pictet�s multi-feed solution,
and by doing so help to achieve more efficient data management.
This direct feed allows Pictet to benefit from our wide range of
fixed income evaluations and will also enable Pictet to subscribe
to our evaluations of other asset types.� Interactive Data, through
its Pricing and Reference Data business, is a leading independent
provider of daily evaluations for fixed income securities. With
over 30 years of experience, Interactive Data�s teams of evaluators
operating in three major time zones evaluate approximately 2.5
million fixed income issues every day. Over 5,000 financial
institutions worldwide, ranging from central banks to large
investment banks, subscribe to Interactive Data�s bond evaluations.
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 Pictet & Cie Pictet & Cie
was founded in Geneva in 1805 and is today one of the largest
private banks in Switzerland and a leading independent asset
manager worldwide, with more than USD 378bn under management and
custody at 31 December 2007. The Bank is owned and managed by eight
general partners with unlimited liability for the Bank�s
commitments. The Pictet Group, headquartered in Geneva, employs
more than 2,700 staff. The Group has offices in the following
cities: Lausanne, Z�rich, London, Frankfurt, Paris, Luxembourg,
Madrid, Barcelona, Milan, Florence, Rome, Turin, Dubai, Montreal,
Nassau, Hong Kong, Singapore and Tokyo.
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