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Bedford, MA Office

32 Crosby Drive
Bedford
MA
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London, UK Office

Fitzroy House, 13-17 Epworth Street
London
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Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
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Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
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Luxembourg, Lux Office

5th floor 28 boulevard Royal
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Switzerland, Geneva Office

25, rue Kléberg
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New York, NY Office

100 William Street, 17th Floor
New York
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White Plains, NY Office

100 Hillside Avenue
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Santa Monica, CA Office

2901 28th Street, Suite 300
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Hayward, CA Office

3955 Point Eden Way
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Singapore Office

1 Raffles Place #21-02 One Raffles Place
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Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
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Channel Islands, Jersey Office

8 Hill Street St Helier
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Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
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Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
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Switzerland, Zurich Office

Loewenstrasse 2
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Australia, Sydney Office

Suite 405/368 Sussex Street
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Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
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Location Office

International House 1 St. Katharine's Way
London
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Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
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Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
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New York, NY Office

100 Church Street, 11th Floor
New York
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UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
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Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
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Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
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Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
Back to all Intercontinental Exchange announcements

INTERACTIVE DATA EXPANDS INTEREST RATE SWAP VALUATION SERVICE

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business has expanded the coverage of its interest rate swap valuation service by adding independent valuations of fixed-for-floating interest rate swaps in Australian Dollars and Japanese Yen, in addition to its existing coverage of swaps in British Pounds, Euros, Swiss Francs and U.S. Dollars.

Interactive Data estimates that the company now covers nearly 95% of the total notional amount of interest rate swaps outstanding. In addition, to meet the growing demand for different, more complex structures of interest rate swaps, Interactive Data now delivers independent valuations of forward starting swaps. The expansion of the interest rate swap valuation service complements the independent valuations for other alternative investments that Interactive Data delivers, including syndicated bank loans, single name credit default swaps (CDS), and CDS trades linked to the Dow Jones CDX(TM) and iTraxx(TM) families of indices.

Interactive Data generates two interest rate swap valuations each day: based on curves at the end of the day in London (16:30 GMT) and New York (16:00 ET). Interactive Data can deliver either valuation, or both, to customers, depending on their needs. The valuations of interest rate swaps are based on benchmark curves from ICAP, the world’s premier interdealer broker, other various sources, and trade details input by customers.

“Interactive Data is actively increasing its coverage of complex structured products in line with the needs of our clients and emerging industry trends,” said Shant Harootunian, managing director of evaluated services, Interactive Data Pricing and Reference Data. “Recent market volatility, the growing complexity of financial instruments and the introduction of new regulations, have led to increased client demand for a broad range of independent valuations from a single provider. We will continue to work closely with our clients to understand their requirements, and aim to provide services that can help reduce the time, cost and effort associated with portfolio valuation processes.”

The interest rate swap valuation service is available on a standalone basis and as a module of FTS(SM), Interactive Data’s online portfolio administration service. The service offers user-friendly setup screens and the ability to upload trade data and download output files.