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Interactive Data Launches Business Entity Service
Service Can Assist Clients with Risk Management and Compliance by Providing Detailed Picture of Global Exposure to Entities, Industries and Regions
Wednesday, March 18, 2009
Dateline: BEDFORD, Mass. & NEW YORK
Category: Product News
BEDFORD, Mass. & NEW YORK--(BUSINESS WIRE)--Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business has unveiled a Business Entity Service to help assist clients in analyzing risk from their global exposure to various entities, industries and regions. This service is also designed to help meet clients’ requirements for compliance under a variety of industry regulations such as Basel II, UCITS III, the EU Third Money Laundering Directive, MiFID, and the USA PATRIOT Act. The service complements an existing service for business entity data that Interactive Data launched in Europe in 2006.
The Business Entity Service can provide clients with comprehensive business entity information alongside Interactive Data’s broad range of security level reference data for U.S. and international equities and bonds, including corporate, government and agency securities. Specific client functions that may benefit from the service include compliance, risk, trading, research and database management processes.
By identifying a firm’s global exposure to a specific entity, industry or region, the Business Entity Service can help clients to obtain a more complete picture of the corporate hierarchy of an entity in order to better understand its capital structure and region-based risk exposure, as well as perform pre- and post-trade technical analysis. The service can also help identify the potential risks that could be triggered by corporate events affecting related entities from anywhere within the ‘family tree’ of the subject entity. In addition, it can help clients to comply with internal or client-imposed restrictions on exposure to an entity.
“Our clients expressed a growing need for comprehensive services that link the universe of affiliated entity securities to their issuers to help them with managing risk and meeting the requirements of industry regulations, particularly in times of market volatility,” said Robin Simpson, managing director of Reference Data for Interactive Data. “Our Business Entity Service, supported by our broad universe of reference data, can help our clients better understand an entity’s capital structure, as well as those of its affiliates.”
The Business Entity Service is designed for use with industry standard identifiers. Clients that utilize the service can receive the data through a range of Interactive Data’s delivery systems, including the Securities Information Retrieval Service (SIRSSM) and RemotePlusSM as well as the Company’s desktop service for clients. The service is expected to be available in the second quarter this year. The existing service provides wide asset class coverage and is available as an optional module of FTSSM, Interactive Data’s securities administration tool.
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 Pricing and Reference Data business 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 collects, edits, maintains and delivers data on more than 6 million securities, including daily evaluations for approximately 2.8 million fixed income and international equity issues. Interactive 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. FTSSM, SIRSSM and RemotePlusSM are service marks of Interactive Data Pricing and Reference Data, Inc.