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Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
FR

Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
Dublin
IE

Luxembourg, Lux Office

5th floor 28 boulevard Royal
Luxembourg
LU

Switzerland, Geneva Office

25, rue Kléberg
Geneva
CH

New York, NY Office

100 William Street, 17th Floor
New York
NY
US

White Plains, NY Office

100 Hillside Avenue
White Plains
NY
US

Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
CA
US

Hayward, CA Office

3955 Point Eden Way
Hayward
CA
US

Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
SG

Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
HK

Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
GB

Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
DE

Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
ES

Switzerland, Zurich Office

Loewenstrasse 2
Zurich
CH

Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

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

Location Office

International House 1 St. Katharine's Way
London
GB

Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
IT

Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
IL
US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
US

UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
AE

Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
US

Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
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Interactive Data and Scivantage Provide Advanced Cost Basis Tools for Mutual Funds and Brokerage Firms

Scivantage’s Leading Cost Basis Automation Solution Integrates Interactive Data’s Cost Basis Service to Help Firms Comply with New
Industry Regulations

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 worked with Scivantage, a leading provider of web-based front and middle-office technology solutions to the financial services industry, to develop tools to help meet industry cost basis reporting requirements.

Under the Energy Improvement and Extension Act of 2008, brokerage firms will be required to report adjusted cost basis information to both their clients and the Internal Revenue Service (IRS), beginning with stock acquired on or after January 1, 2011.

Scivantage will utilize the Cost Basis Calculator, part of Interactive Data’s Cost Basis Service, as an integrated component of MaxitTM, Scivantage’s market leading automated cost basis and portfolio tax reporting system. Scivantage Maxit is an enterprise solution that seamlessly integrates with all major and proprietary back-office and clearing systems and offers a full suite of tax-based investment decision support tools for financial advisors and individual investors. The Cost Basis Calculator can automatically adjust original cost basis for corporate actions and dividend reinvestments. It can also assist clients in identifying the originally purchased security, following mergers, name changes or other corporate events.

“Mutual funds and brokerage firms need sophisticated resources to process corporate actions, calculate cost basis, manage tax processes and streamline their reporting formats,” said Charles Price, senior director, entity data products for Interactive Data. “Interactive Data’s service, combined with Scivantage Maxit, can help financial institutions more effectively prepare for and meet the requirements of cost basis reporting regulations.”

“Maxit clients are leading firms which strive to be innovators,” said Cameron Routh, senior vice president, strategic products, for Scivantage. “We recognize that our clients select Scivantage because they want to provide their customers with the best products available. By working with Interactive Data, we’re able to further extend the value of our Maxit solution.”