Company Demonstrates Industry Leadership as Best Evaluated Prices Service Provider and Best Reference Data Provider
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it received two awards at the Inside Market Data and Inside Reference Data Awards 2011. These awards recognize industry excellence within market data, reference data and enterprise data management. The winners were announced at a ceremony at the North American Financial Information Summit 2011, held in New York on May 24.
For the third consecutive year, Interactive Data won in the category of ‘Best Evaluated Prices Service Provider.’ Backed by decades of experience, Interactive Data is a proven industry leader, providing clients with timely, high-quality evaluations to support their mission-critical operations. Thousands of financial institutions worldwide, ranging from central banks to large investment banks to hedge funds, subscribe to Interactive Data’s daily evaluated pricing covering a broad range of instruments.
In the last 12 months, Interactive Data has continued to innovate by introducing a new evaluations service for unsecuritized whole loans, a Real-Time Fair Value Information Service, and an evaluated pricing challenge portal that provides clients with a workflow tool for the challenge process.
Interactive Data also has two important new products in the pipeline. Its independent credit default swaps (CDS) valuation service is being developed to help meet the increased demand for independent valuations and transparency in the derivatives markets. Also, VantageSM is a web application that will provide clients with extensive data and transparency into the fixed income market and the Company’s evaluations. Vantage incorporates a workflow module that can significantly enhance operational efficiency.
In addition, for the second year in a row, Interactive Data was named ‘Best Reference Data Provider’ for its wide range of global reference data, spanning over 10 million financial instruments. Interactive Data continues to strengthen its offerings and has recently released expanded global coverage and enhancements to its Corporate Actions Service and Business Entity Service.
"We are once again delighted to be recognized by Inside Market Data and Inside Reference Data for our industry leadership in providing evaluated pricing and reference data,” said Mark Hepsworth, president of Interactive Data’s Institutional Business. “We operate in a very competitive environment and recognize the need to continue to innovate and help solve industry issues. I would also like to thank all of our clients who voted in this process for the confidence they have shown in Interactive Data.”
Nominations for the awards were made by an Inside Market Data and Inside Reference Data editorial committee. The publications’ readership voted for the winners online.