London and Bedford, Mass. - 25 April 2007

Data and services from across Interactive Data to help customers comply
with the obligations imposed by MiFID

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that the expertise across its businesses has been brought together to offer a broad, cohesive range of data and services to help customers comply with the obligations that will be imposed by the Markets in Financial Instruments Directive (MiFID). Interactive Data’s real-time and reference data services – including new bespoke services – can help customers with the requirements of pre- and post-trade transparency, evidencing best execution, trade venue selection and reviews of order execution policy, code of conduct and client classification obligations, transaction reporting, managing conflicts of interest and managing risk.

MiFID, which will be implemented in European Union (EU) member states in November 2007, broadens and strengthens regulation across Europe. It introduces a single market and regulatory regime for investment services across the 27 EU member states, plus Iceland, Norway and Liechtenstein (European Economic Area states), which have chosen to adopt the requirements of MiFID.

Interactive Data has been proactively involved in MiFID research and planning for well over two years and has held regular meetings with customers, software and application vendors, and relevant organisations to better understand the needs of the industry. Interactive Data is also a regular participant in the MiFID Joint Working Group and its related subject groups, and its senior managers are frequently called on to speak at MiFID-related events. Such involvement has contributed to the breadth and depth of Interactive Data’s overall suite of offerings that spans the enterprise.

Roger Sargeant, managing director of Interactive Data (Europe) Ltd., commented: “The Interactive Data businesses have worked together to develop a powerful range of services to help firms meet their compliance obligations, including increased credit, market and operational risk management requirements. We intend to continue to work with the industry to provide our customers with access to a broad range of information through flexible offerings that can seamlessly integrate into their workflow. Our MiFID-related offerings further demonstrate this commitment.”

Through its Real-Time Services business, Interactive Data will collect and disseminate pre- and post trade pricing information from new sources via its low latency, digital datafeed service, PlusFeedSM. This can allow clients to easily aggregate data across the numerous trading venues and generate a combined and overall view of market activity. Data collection tools and a customised website are designed to help investment firms operating as systematic internalisers (SIs) to meet their pre-trade transparency obligations.

A new tick-data repository of pre- and post-trade information, ready to store data from 1 November 2007, can help investment firms identify the best execution price from across numerous trade venues in accordance with their order execution policy. The tick-data repository can also help investment firms periodically review the trade venues identified in their order execution policies in accordance with MiFID.

MiFID Advisor Suite, a new customised service from Interactive Data Managed Solutions, has been designed to help investment firms comply with their MiFID code of conduct obligations, enabling online classification of clients, suitability check of investments, portfolio valuation and historical record keeping.

Interactive Data’s Pricing and Reference Data business provides tools to help post-trade pricing operations departments of investment firms efficiently calculate an investment fund’s Net Asset Value (NAV) or to value a portfolio. Its Fair Value Information Service can be used if no current market price is available.

In addition, a huge raft of existing and new high quality reference data offered by Interactive Data’s businesses will be available to help identify trade venues and their types by location codes, the most relevant market for an instrument, whether an instrument is within the scope of MiFID, the instrument type and whether it is complex or non-complex. The reference data identifies the classification of a financial instrument code (CFI), the Unique or Unambiguous Instrument Identifier (UII), a share’s liquid status and its deferred publication delay potential.

Interactive Data, through its Pricing and Reference Data business, also offers services to help its customers manage conflicts of interest and risk as imposed by the Capital Requirements Directive (CRD). Its risk and analytical data service can help customers comply with market risk obligations, its business entity data service with credit risk obligations, and its credit operational risk services with operational risk obligations.

Bob Cumberbatch, business lines director, Interactive Data (Europe) Ltd., added: “Interactive Data will continue to be an aggregator, as well as a distributor of data from other aggregators, trade venues and for investment firms who choose to publish their data directly to the market. Our pricing source and reference data stores will be ready to receive data to be published by regulators in time for testing well before the 1 November live date, whilst our tick history will be ready to store data from 1 November 2007 onwards.”

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