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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]
Back to all Intercontinental Exchange announcements

Interactive Data selected to provide Corporate Actions data for TORA Prism in award-winning world-first database

Interactive Data, a leading provider of independent evaluated fixed income pricing and reference data services, has been selected to provide an unprecedented range of corporate actions data for TORA Trading’s new Prism portfolio and risk management system. TORA Prism is a hosted and fully integrated portfolio management, risk and operations solution.

The project’s uniqueness was recognized at the 2015 Asian Banker Awards last night where it won Implementation of the Year.

Interactive Data provided an unprecedented database of every corporate action for every stock in the world from October 2006 onwards, as well as FX currency rates, yield curves and security master data.

Nick Mussallem, Managing Director  Operations, TORA, said that Interactive Data was the only data firm that could provide the necessary data for Prism. “It sounds trite, but it’s true, that if you want to create something that hasn’t been created before, you have to do things that no-one has done before,” he said. “We wanted to build in access to every single corporate action for every single stock in the world, for the past nine years and then intra-day in perpetuity,” he said. “That had never been done before, and Interactive Data was the only company that had that depth of data available.”

“This was the first time such a comprehensive corporate actions database had been delivered in this way,” said Daniel Videtto, Managing Director Asia Pacific, Interactive Data. “Corporate actions have migrated from the back office right into middle and front-office decision making processes, and we’re pleased to have been able to provide this important service to help Tora clients manage risk better.”

Corporate actions data have traditionally underpinned back office portfolio administration and accounting functions. However this data is increasingly being demanded by the middle and front offices too, where it allows firms to:

  • Inform investment decisions – corporate actions are vital in properly evaluating stock values.
  • Inform trading decisions – corporate actions can instantly impact security values and therefore should be taken into account within trading strategies on an intraday basis.
  • Manage market risk by accurately assessing the impact of corporate events on their portfolios.
  • Manage products accurately to ensure both proprietary and end investors’ investment products are accurately valued and reflect underlying values.
  • Report on risk metrics as required by regulations such as Dodd-Frank, MiFID II, Basel II, Solvency II, EMIR, FATCA and FSB.