New York, NY and Bedford, MA - September 30, 2003 - Interactive Data Corporation (NYSE:IDC) and Moneyline Telerate today announced their intent to develop a strategic relationship that will allow both companies to better serve their front, middle and back office clients. As part of the strategic relationship, Moneyline Telerate would integrate numerous Interactive Data Corporation data sets and applications into its workstation and interactive feed products to create a support tool for pre-trade, trade and post trade activities for professional users.
The strategic alliance will allow both companies to better serve global financial institutions by providing a comprehensive range of products designed to support the workflow of the investment community. Interactive Data Corporation content and services to be incorporated into Moneyline Telerate workstations and interactive feed products include ComStock's
global exchange-traded data, FT Interactive Data's global evaluation data, security master services, and terms and conditions data, as well as the possible inclusion of CMS BondEdge analytics and certain eSignal capabilities.
"This unique relationship will combine Interactive Data Corporation's strength in global data quality, technology and reliability with Moneyline's front office capability and reach," said Stuart Clark, Interactive Data Corporation's President and Chief Executive Officer. "Both Interactive Data Corporation and Moneyline Telerate have an excellent track record in creating best of breed product and service offerings, and this alliance will help both companies continue on that path."
"We believe this relationship will enhance both Interactive Data Corporation's and Moneyline Telerate's positions as global, multi-asset class players in the financial information industry," said Christopher F. Feeney, Chief Executive Officer of Moneyline Telerate. "Feedback we receive from our clients indicates a strong desire to break traditional vendor dependencies and form more cooperative enterprise-wide relationships with suppliers they can trust. We believe that this combination has the potential to deliver tremendous value to our clients," added Feeney.