FT Interactive Data, an Interactive Data (NYSE: IDC) business and a leading supplier of financial information to global markets, today announced that it will provide clients with seamless access to independent valuations of syndicated bank loans. By delivering an expansive set of data for an increasingly broad range of securities, FT Interactive Data helps its clients assess the value of their portfolios more effectively.
World-wide loan volumes have increased significantly in recent years, up from $2.3 trillion in 2000 to $3.5 trillion in 2005*. As these volumes grow and investors enter the bank loan market, it will be increasingly important for firms to have access to independent valuations.
FT Interactive Dataâs new bank loan pricing service is available through an add-on to FT Interactive Dataâs evaluation services or as a module of its FTSâ¢ online portfolio administration service. Loan valuations are based on data gathered by Markit Group Limited (âMarkitâ) from more than 70 dealers in the bank loan market, comprising approximately 6,000 loan prices daily.
âWith the growing interest in a broad range of complex securities, it is critical for
FT Interactive Data to provide clients with seamless access to high quality information that can help them to make more informed financial decisions,â said Ray DâArcy, president of sales, marketing and institutional business development, Interactive Data Corporation. âBy continuing to expand the range of information and delivering it through flexible offerings that seamlessly integrate into a firmâs workflow, FT Interactive Data helps clients work more efficiently.â
âThrough the addition of independent valuations of bank loan prices, FT Interactive Data is now offering clients one of the most comprehensive sets of fixed income data in the financial services industry,â said Mike Rushmore, executive vice president and global head of sales at Markit. âSince forming our strategic alliance earlier this year, we have worked together successfully to provide a growing number of firms with access to a high quality valuation perspective.â