Interactive Data Makes Pricing Data Available Through ValueLink's PriceValidation Service
9 June 2008 - London and Bedford, Mass.
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today announced
that data from its Pricing and Reference Data business will now be
available through ValueLink's PriceValidation service.
Through PriceValidation, ValueLink acts as a service facilitator
taking raw data from customers' chosen data vendors and subjecting it
to ValueLink's validation processes within client agreed deadlines for
intra-day and closing timeslots.
Now, Interactive Data's extensive intra-day and end-of-day pricing
data and evaluations will be accessible to customers through
ValueLink's interface with FTS , Interactive Data's securities
administration service. This can help customers to save time and
resource in their validation process.
Stephen Choate, chief executive, ValueLink, said: "The
wide-ranging data is dual fed into ValueLink's stringent six-stage
validation process, exceptions are resolved and validated files are
available to clients 15 minutes after the valuation point. We have
dedicated client administrators who provide responses to customer
queries within 15 minutes and can tailor procedures to help meet
specific requirements. We can also provide validation reports giving a
full audit trail for compliance purposes."
Brendan Beith, sales director, Interactive Data (Europe), added:
"In today's risk and regulatory environment, this validation service
will provide an added benefit to our customers, helping them
seamlessly compare any differences in data between vendors. The
service automatically compares data uploaded from data vendors, prices
are validated against multiple data sources, and data is scrutinised
for appropriate updates."
About Interactive Data Corporation
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 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. Through its
businesses, Interactive Data Pricing and Reference Data, Interactive
Data Real-Time Services, Interactive Data Fixed Income Analytics, and
eSignal, the Company has approximately 2,300 employees in offices
located throughout North America, Europe, Asia and Australia. The
Company is headquartered in Bedford, Mass. 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 Pricing and Reference 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. Interactive
Data Pricing and Reference Data collects, edits, maintains and
delivers data on more than 6 million securities, including daily
evaluations for approximately 2.5 million fixed income and
international equity issues. Interactive Data Pricing and Reference
Data specialises in 'hard-to-get' information and evaluates many
'hard-to value' instruments.
Pricing, evaluations and reference data are provided in the US
through Interactive Data Pricing and Reference Data, Inc. and
internationally through Interactive Data (Europe) Ltd. and Interactive
Data (Australia) Pty Ltd.
Interactive Data and the Interactive Data logo are service marks
of Interactive Data Corporation. FTS(SM) is a service mark of
Interactive Data (Europe) Ltd.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com.
About ValueLink
ValueLink supplies fully validated global securities data
including pricing, corporate actions, dividends, standing data and net
asset value and unit price valuations. The data is used in a number of
scenarios as either a primary data source, a single data source or a
benchmark feed by banks, institutional investment houses, fund
administrators and unit trust managers in the UK, Ireland, Europe and
the US.
Data is collected from multiple broadcast vendors, global stock
exchanges, specialist sources, websites, fund managers, market makers
and brokers. The data goes through a stringent six-stage validation
routine, including dual-feed processing, in order to maximise
reliability and accuracy.
ValueLink also provides a counterparty collection and
reconciliation service for OTC derivatives and other illiquid
positions. The data collected from counterparties is automated and
controlled through the same database and processes as the price
validation service.
For more information, please visit www.ValueLink.co.uk
For More Information:
Investors
Andrew Kramer
Tel: +1 781-687-8306
Email: andrew.kramer@interactivedata.com
Media
Sue Mitchell (European media)
Tel: +44 (0)20 7825 8076
Email: sue.mitchell@interactivedata.com
John Coffey (US Media)
Tel: +1 781-687-8148
Email: john.coffey@interactivedata.com
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