Interactive Data to Deliver BondEdge Cash Flows Seamlessly Through GGY AXIS Asset-Liability System
July 28 2008 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC) a leading provider of
financial market data, analytics and related services, today
announced that its Fixed Income Analytics business will make
available the BondEdge� structured finance cash flow engine and
library through GGY�s AXIS system via a seamless link. The AXIS
system features sophisticated actuarial tools that include pricing,
valuation and modeling. The fully integrated offering is designed
to save insurance clients valuable time and help further mitigate
risk during the asset-liability modeling process by significantly
streamlining access to projected asset market values and cash flows
for the complex fixed income securities modeled by Interactive Data
Fixed Income Analytics. The functionality is scheduled to be
generally released by mid-August. With increased regulatory
requirements for stochastic analysis, more tightly integrated
information exchange between asset and liability systems provides
insurance companies with a critical alternative to flat file
information transfer. Via Microsoft� dynamic-link library (DLL),
the GGY AXIS application accesses the BondEdge asset cash flow
engine to generate scenario-driven cash flows under unlimited
interest rate environments from within the AXIS system for more
sophisticated asset-liability analysis. This new interface can help
reduce risk by eradicating the need to transfer large amounts of
information back and forth as well as eliminate the need to
maintain two separate systems. �We are very pleased to be working
with GGY to provide a more fully integrated solution that can help
life insurance companies better manage the asset and liability
management process,� said Laurie Adami, president of Interactive
Data Fixed Income Analytics. �This offering marks another important
milestone in our commitment to meet marketplace demand for
mission-critical solutions where underlying component systems
communicate directly with one another. Establishing this
relationship with GGY, with its considerable expertise and strong
product offering for the life insurance industry, is a natural fit
for us.� �Our clients were impressed to learn that we now have an
integrated approach which enables clients to obtain the values that
they need from the BondEdge structured finance cash flow engine and
library,� said Bill Young, president of GGY. �We feel that this
combined offering will assist GGY in making future AXIS sales since
most companies we have talked with are very interested in a more
automated approach.� 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 Corporation is celebrating
its 40th anniversary in 2008. Interactive Data Fixed Income
Analytics is a leading provider of fixed income portfolio analytics
to the investment community with nearly thirty years� expertise.
Its client base includes more than 500 leading banks, investment
managers, brokerage firms, insurance companies and pension funds
throughout North America and Europe. Interactive Data Fixed Income
Analytics is long since known for its flagship product, BondEdge�,
which allows customers to identify opportunities and analyze
portfolio risk using robust modeling techniques. Interactive Data
Fixed Income Analytics also provides direct access to sophisticated
risk measures for a wide universe of fixed income securities via
its analytical datafeed service. For more about Interactive Data
and its businesses, please visit www.interactivedata.com. About GGY
GGY is a software company located in Toronto, Canada. Our primary
business is developing, maintaining, selling and supporting AXIS, a
PC-based actuarial software product designed for use by the life
insurance industry. GGY's staff is dedicated to maintaining and
improving AXIS and supporting our clients' current and future
requirements. Our team includes actuaries, systems development
professionals and quality control specialists. We have no other
distracting priorities or commitments. Training, documentation,
full-time client support and on-going enhancements are included as
intrinsic parts of the system. www.ggyaxis.com Interactive Data SM,
the Interactive Data logo, and BondEdge�, are service marks of
Interactive Data Corporation.
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