Interactive Data Launches ETF CenterSM
January 11 2010 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced the launch of ETF CenterSM. ETF Center is a fully-hosted
and customizable Web-based portal that Registered Investment
Advisors (RIAs) and wealth managers can integrate into their own
websites and other online applications. As a result, their
investment professionals can gain access to a one-stop resource for
real-time and end of day market data and analytical tools for U.S.
exchange-traded funds (ETFs). This service can equip RIAs and
wealth managers with important information for making more informed
decisions relating to the ETF investments they make on behalf of
their clients.
The numbers of U.S. ETFs and ETF assets under management (AUM)
have surged over the past decade from less than a dozen funds and
under $5 billion in AUM to more than 775 funds and over $735
billion in AUM1. ETF Center is an innovative new solution that
aggregates a wide variety of content sets into a centralized Web
repository and applies Interactive Data’s advanced analytics
capabilities to the data. ETF Center’s data content includes
Interactive Data’s intra-day indicative valuations of
exchange-traded structures across multiple asset classes.
ETF Center’s data sets and capabilities include: monitoring of
trade, spread, premium/discount, and performance statistics;
comparison charts for ETFs or indices; and detailed reference data
related to ETFs. Clients can also utilize ETF Center to rank
top-performing ETFs, set thresholds for meeting investment
objectives, and view changes in assets under management. In
addition ETF Center offers analytical tools using Interactive
Data’s Fair Value Information Service to provide a fair value
adjusted end-of-day iNAV when global markets have closed for ETFs
that include international equity securities.
“As the ETF market continues to expand and evolve in complexity,
RIAs and wealth managers need a variety of important data and
customized analytical tools to help them derive the critical
financial information they need to make important decisions for
their clients,” said Jeff Banker, executive vice president,
Real-Time Market Data and Trading Solutions for Interactive Data.
“The introduction of ETF Center underscores our ability to leverage
our existing capabilities and data sets to develop a front office
solution that provides increased transparency related to ETFs.”
Interactive Data’s Basket Calculation ServiceSM, performs ETF
Center’s calculations, utilizing a variety of market inputs based
on fixed income evaluations and real-time equity pricing data from
global exchanges to calculate and deliver intra-day indicative
valuations in seconds. Interactive Data currently calculates and
disseminates intra-day indicative valuations for baskets of
securities to a range of clients, including three of the five
largest ETF sponsors2, via the Basket Calculation Service.
Interactive Data also offers intra-day indicative valuations for
equity and fixed income ETFs, exchange traded notes (ETNs) and
index values that include equities, fixed income securities,
currencies and commodities. ETF Center is available through a
variety of U.S. and international delivery platforms offered by
Interactive Data.
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.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com.
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.
1. Source: Investment Company Institute’s ETF Assets data (as of
November 30, 2009).2. The ETF sponsors referenced in the press
release are ranked according to number of funds offered.
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