Interactive Data Provides Independent Evaluations for New S&P U.S. Commercial Paper Index
December 10 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 Pricing and Reference Data business provides
daily independent evaluations of commercial paper issues to
Standard & Poor�s Index Services for its recently launched
S&P U.S. Commercial Paper Index. The S&P U.S. Commercial
Paper Index is a new, broad-based index designed to serve the
investment community�s need for a benchmark representing the U.S.
commercial paper market. Interactive Data delivers daily,
independent evaluations for more than 3,000 commercial paper issues
to S&P for its use in valuing the index. �As a trusted provider
of independent evaluations, Interactive Data is pleased to deliver
this information to Standard & Poor�s Index Services for its
closely followed U.S. Commercial Paper Index,� said Shant
Harootunian, managing director, Evaluations for Interactive Data.
�It is rewarding to see that our daily evaluations for a wide range
of securities are enabling a growing and diverse group of clients
to obtain critical inputs for their valuation process.� �With
commercial paper being a key component of today�s capital markets,
the S&P U.S. Commercial Paper Index is the first broad
benchmark for measuring the performance of and providing additional
transparency into this market,� said James Rieger, vice president
of Fixed Income Indices, Standard & Poor�s. �It was important
for us to choose a provider of evaluations that offers coverage for
the comprehensive collection of securities which comprise this
index.� 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. Thousands of financial institutions worldwide, ranging
from central banks to large investment banks, subscribe to
Interactive Data's bond evaluations. The S&P U.S. Commercial
Paper Index was named this year�s Most Innovative Benchmark Index
at the fifth annual William F. Sharpe Indexing Achievement Awards
produced by the Index Business Association (IBA) and Information
Management Network (IMN). 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 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. About
Standard & Poor�s Standard & Poor's, a division of The
McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider
of financial market intelligence, including independent credit
ratings, indices, risk evaluation, investment research and data.
With approximately 8,500 employees, including wholly owned
affiliates, located in 23 countries and markets, Standard &
Poor's is an essential part of the world's financial infrastructure
and has played a leading role for more than 140 years in providing
investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.com.
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