Award recognizes Interactive Data’s commitment to industry innovation in its OTC derivatives and continuous evaluated pricing services
Interactive Data, a leading provider of independent evaluated pricing and reference data services, today announced that it has been recognized as the Data and Pricing Vendor of the Year at the GlobalCapital Derivatives Awards 2014 ceremony held in London. GlobalCapital (previously known as EuroWeek) is part of the EuroMoney Institutional Investor Group, which includes Asiamoney, Total Securitization and Derivatives Week.
Interactive Data won on the strength of its services and based on buyside and sellside survey feedback conducted by the publication. Growth in the firm’s derivatives data and pricing services and ongoing development plans related to its continuous evaluated pricing service were praised by respondents.
Interactive Data’s award winning OTC Derivatives Valuation Service facilitates the automated delivery of independent valuations across multiple instrument types, supporting the valuation requirements of clients while improving their workflow through efficient integration and transparency into drivers of the evaluated pricing data. The firm’s strengths were noted as:
• The ability to provide truly independent valuations or “marks”
• Proprietary methodology for producing credit default swap (CDS) evaluations
• Fair Value Information Services (FVIS) covering global equity/index options and futures to support fair value pricing requirements for instruments that trade on local markets that close prior to the NAV calculation time
• Multiple data sources – the OTC Derivatives Services utilize a number of market inputs, including benchmark curves from leading interdealer brokers, reference rates, and specific trade details, to provide our clients with valuation coverage for a broad range of derivative products.
Interactive Data’s CDS evaluation service provides independent evaluations for single name corporate and sovereign CDS, as well as select CDS indices. Designed to help meet increased demand for independent evaluations and transparency in the derivatives markets, it leverages the firm’s position as an award-winning provider of fixed income evaluated pricing.*
"We are honored to have been recognized for our service and innovation in the OTC derivatives pricing category," said Andrew Hausman, President, Pricing & Reference Data for Interactive Data. "Interactive Data remains committed to providing our customers with the data and insight they need, delivered with more openness, more flexibility and ease-of-integration.”
Interactive Data, the “gold standard” in fixed-income evaluations, continues to innovate with the recent launch of its continuous evaluated pricing service, which offers greater pre-trade transparency support and price discovery capabilities on a continuous basis throughout the trading day.
*In May 2014, Interactive Data was named Best Reference Data Provider and Best Evaluated Prices Service Provider at the Inside Reference Data Awards in New York. In July 2014 Interactive Data received the ‘Best Pricing and Market Data Display’ award for its price transparency and workflow tool, Vantage, at the Systems in The City Awards, which took place in London.