Interactive Data to Launch BondEdge Analytical Platform for Fixed Income Asset Managers
November 30 2009 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics, and related solutions, today
announced that its Fixed Income Analytics business has released
BondEdge® Asset Manager.
This new package of capabilities is designed to assist portfolio
managers and analysts at asset management firms manage relative
risk and reward versus leading fixed income indices and liability
benchmarks. The package can also help address the needs of
investment professionals at organizations which mange their own
fixed income funds internally, such as pension funds, endowments,
and foundations.
For many years, asset management professionals have leveraged
the robust analytical asset, portfolio and benchmark modeling tools
and comprehensive security database coverage of Interactive Data’s
market-leading BondEdge service for fixed income portfolio versus
benchmark risk analysis, performance attribution, and compliance
testing based upon client input guidelines.
“Heightened volatility of total returns dispersion between bond
sectors and quality cohorts have underscored the need for enhanced
granular portfolio versus benchmark risk analysis and performance
attribution tools,” said Keith Webster, managing director,
Interactive Data Fixed Income Analytics. “In addition, certain
regulatory and accounting changes have heightened focus on the
closer matching of portfolio and corresponding corporate pension
liability risk characteristics. The analytical enhancements
delivered with this latest release of BondEdge are a reflection of
feedback provided by asset manager clients.”
“We appreciate the opportunity to work closely with Interactive
Data to provide our perspective for the ongoing development of
fixed income portfolio analytical tools for asset managers,” said
Jay E. Schwister, Senior Portfolio Manager at Baird Advisors.
“BondEdge provides analysis that helps our portfolio managers and
analysts manage and report on the relative risk between portfolios
and their relevant index or liability benchmarks.”
BondEdge Asset Manager is available via the BondEdge Next
Generation platform, which is built on the Microsoft® .NET
Framework and provides a highly intuitive, flexible user interface.
This newly released package of BondEdge capabilities includes
enhancements to Factor-based Performance Attribution for taxable
and tax-exempt portfolios and benchmarks and Liability Driven
Investing analysis. Portfolio versus benchmark stress testing
tools, “what-if” analytics for pre-trade simulations, and
automated, flexible presentation style reports and graphics are
also included.
BondEdge Next Generation includes an extensive structured
finance deal library, cash-flow engine, and term structure and
prepayment models, enabling clients to generate dynamic risk
measures and asset cash flows for agency and non-agency residential
mortgage-backed securities, including sub-prime issues, as well as
asset-backed and commercial mortgage backed securities. Additional
information about BondEdge is available on the Fixed Income
Analytics section of Interactive Data’s new website at
www.interactivedata.com
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global
provider of financial market data, analytics and related solutions
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. Interactive Data, headquartered in Bedford, Mass., has
approximately 2,400 employees in offices located throughout North
America, Europe, Asia and Australia. 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’s Fixed Income Analytics business is a leading
provider of fixed income portfolio analytics to the investment
community with decades of expertise. Its client base includes more
than 400 leading banks, investment managers, brokerage firms,
insurance companies and pension funds throughout North America and
Europe. This business is known for its flagship product, BondEdge®,
which allows customers to identify opportunities and analyze
portfolio risk using robust modeling techniques. Interactive Data
also provides direct access to sophisticated risk measures for a
wide universe of fixed income securities via its analytical
datafeed service.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com
Interactive DataSM, the Interactive Data logo and BondEdge® are
service marks or trademarks of Interactive Data Corporation, and
registered service marks in Australia, European Community, Germany,
Japan, Korea, New Zealand, Switzerland, and Taiwan.
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