New Analytix DirectSM Service Designed to Help Customers Centralize Content for Investment Applications and Facilitate Risk Management
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that it is making available sophisticated analytics content, powered by its flagship service, BondEdge®, to evaluated pricing clients in North America.
The new service, Analytix DirectSM, provides clients with the convenience of utilizing pricing and robust risk analytics content from a single organization, Interactive Data. The risk analytics service was introduced in Europe in 2006, and is currently being utilized by a number of customers, including a $250 billion global asset management firm.
Increasingly, financial services companies are centralizing the management of data across their organizations. As a result, it is critical that these companies have access to a broad range of consistently high-quality data and robust analytics to be delivered across their front, middle and back offices. This can enable these businesses to streamline data warehousing protocols, improve efficiency and monitor risk proactively.
Elizabeth Duggan, senior director, Interactive Data Pricing and Reference Data, Inc., comments, “Analytix Direct delivers a range of option-adjusted measures including duration and convexity, option-adjusted spread (OAS), and key rate durations. It enables clients to utilize evaluations from Interactive Data Pricing and Reference Data, and risk analytics calculated by Interactive Data Fixed Income Analytics within Value at Risk (VaR) models, and reporting and performance systems. This can help further facilitate the risk management process with centralized content that feeds multiple investment applications.”
Laurie Adami, president of Interactive Data Fixed Income Analytics, adds, “Analytix Direct allows us to provide for the front, middle and back offices an offering that leverages synergies across Interactive Data’s businesses. Analytix Direct is a prime example of our strategy to increase collaboration and create combined services that can better meet clients’ needs.”
Analytix Direct offers a wide variety of flexible delivery options, including bulk file. Historical content is also available for clients interested in feeding research efforts, models, or proprietary applications.