Interactive Data’s BondEdge Now Includes S&P National AMT-Free Municipal Bond Index
February 01 2010 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced the availability of the S&P National AMT-Free
Municipal Bond Index within Interactive Data’s market-leading
BondEdge® system.
The S&P National AMT-Free Municipal Index is a broad, market
value-weighted index designed to measure the performance of the
tax-exempt, investment-grade U.S. municipal bond market. As of
January 22, 2010, the Index consisted of approximately 8,373 bonds,
with a total market value of approximately US$534 billion.
Interactive Data provides fixed income portfolio analytics to
more than 400 leading banks, investment managers, brokerage firms,
insurance companies and pension funds throughout North America and
Europe. Its BondEdge product allows clients to identify
opportunities and analyze portfolio risk using robust modeling
techniques.
With the integration of the S&P National AMT-Free Municipal
Bond Index, BondEdge clients can now create
portfolio-versus-benchmark risk exposure and performance
attribution reports against this index. In addition, clients can
generate detailed scenario analysis reports that incorporate shifts
to the benchmark municipal curve and credit spreads.
“As part of our continued commitment to expand the capabilities
within BondEdge and respond to client demands, we are pleased to
integrate the S&P National AMT-Free Municipal Bond Index into
BondEdge,” said Keith Webster, managing director, Interactive Data
Fixed Income Analytics. “This complements the existing families of
indices related to the municipal markets that we’ve offered on the
BondEdge platform. With this particular index from S&P
available on BondEdge, our clients can implement a variety of risk
measurement and performance attribution measures versus a leading
municipal index.”
“As an industry leading benchmark for the U.S. municipal bond
market, the S&P National AMT-Free Municipal Bond Index provides
investors with broad view into the performance of this particular
asset class,” said J.R. Rieger, vice president of Fixed Income
Indices at S&P Indices. “Incorporating this Index into
Interactive Data’s BondEdge offering can help financial
institutions to apply analytics measures to an expanded set of
securities.”
For many years, asset management professionals have leveraged
the robust analytical asset, portfolio and benchmark modeling tools
and comprehensive security database coverage of BondEdge for fixed
income portfolio versus benchmark risk analysis, performance
attribution, and compliance testing based upon client input
guidelines.
Additional information about BondEdge is available on the Fixed
Income Analytics section of Interactive Data’s 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.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com
About S&P Indices
S&P Indices, the world’s leading index provider, maintains a
wide variety of investable and benchmark indices to meet an array
of investor needs. Over $1 trillion is directly indexed to Standard
& Poor's family of indices, which includes the S&P 500, the
world's most followed stock market index, the S&P Global 1200,
a composite index comprised of seven regional and country headline
indices, the S&P Global BMI, an index with approximately 11,000
constituents, and the S&P GSCI, the industry's most closely
watched commodities index. For more information, please visit
www.standardandpoors.com/indices.
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