Message #24 From:
NewsBot Date: January 23, 2007 05:30:00 AM
IDC News FT Interactive Data Expands Bank Loan Pricing Service
BEDFORD, Mass. & LONDON--(BUSINESS WIRE)--FT Interactive Data, an Interactive Data (NYSE: IDC) business and a
leading supplier of financial information to global markets, today
announced enhancements to its bank loan pricing service that can help
clients more efficiently update critical information about the
syndicated bank loans in their portfolios.
FT Interactive Data’s bank loan pricing
service, which provides clients with seamless access to independent
valuations of syndicated bank loans, now also automates the delivery of
refinancing, termination and substantial amendments to loans, as well as
the effective date of the change. Due to the massive volume of loans in
the marketplace, estimated to have reached $3.5 trillion in 2005*, it
can be challenging for firms to efficiently keep track of these events.
The bank loan pricing service uses a web-based user interface to quickly
deliver information for a specified universe of loans to clients. Bank
loan prices are provided by Markit Group Limited (“Markit”)
and drawn from more than 70 dealers in the bank loan market. FT
Interactive Data’s bank loan pricing serviceis available through an add-on to FT Interactive Data’s
evaluation services or as a module of its FTSSM
online portfolio administration service.
“Enhancements such as this demonstrate FT
Interactive Data’s commitment to developing
offerings that automate processes that have historically been manual,
time consuming, and error prone,” said Ray D’Arcy,
president of sales, marketing and institutional business development,
Interactive Data Corporation. “We believe
that providing our clients access to a broad range of information
through flexible offerings that seamlessly integrate into their workflow
can help maximize efficiency and transform a firm’s
use of data into a competitive advantage.”
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 time-sensitive pricing, evaluations and reference data
for more than 3.5 million 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, FT Interactive Data, ComStock, CMS
BondEdge and eSignal, Interactive Data has approximately 2,200 employees
in offices located throughout North America, Europe, Asia and Australia,
and is headquartered in Bedford, MA. Pearson plc (NYSE: PSO; LSE: PSON),
an international media company, whose businesses include the Financial
Times Group, Pearson Education, and the Penguin Group, owns
approximately 62 percent of the outstanding common stock of Interactive
Data Corporation. For more information, please visit www.interactivedata.com.
FT Interactive 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. FT Interactive Data collects, edits,
maintains and delivers data on more than 3.5 million securities,
including daily evaluations for approximately 2.5 million fixed income
and international equity issues. FT Interactive Data specializes in ‘hard-to-value’
instruments and ‘hard-to-get’
information from emerging markets.
Evaluated pricing is provided in the U.S. through FT Interactive Data
Corporation and internationally through Interactive Data (Europe) Ltd.
and Interactive Data (Australia) Pty Ltd.
