Interactive Data has won in the category âBest Evaluated Prices Service Providerâ. With over 30 years of experience, Interactive Data is a leading independent provider of daily evaluations for approximately 2.8 million fixed income and international equity issues, including âhard-to-valueâ instruments. More than 5,000 financial institutions in over 50 countries worldwide, ranging from central banks and large investment banks, to major mutual and investment fund companies, subscribe to Interactive Dataâs evaluations services to help them to reduce the time, expense and resources necessary to support their valuation processes.
To complement its evaluations services, Interactive Data offers fixed income single security, portfolio-level and cash-flow analytics to help institutional investment professionals manage risk and identify reward potential. Interactive Data also provides valuations for a broad range of alternative investments, including single name credit default swaps (CDS), CDS index trades, interest rate swaps and bank loan prices, and valuations of highly complex OTC derivatives and structured products.
In addition to this award, and for the second-year running, Interactive Data took top honors in the category of 'Best Corporate Actions Data Provider'. Interactive Data has a wealth of experience in gathering, updating, validating and delivering global corporate actions data to financial institutions covering multiple markets and instrument types. Its exceptional depth and quality of corporate actions data, enabling tracking and processing of mandatory and optional events, is available end-of-day in ISO 15022 format and includes rights issues, bonus issues, mergers and acquisitions, redemptions and class actions. Interactive Data also offers an intra-day corporate actions service, as well as other related services such as its Cost Basis Service, which is designed to assist clients in complying with U.S. mandates for broker cost basis reporting effective beginning in 2011.
"We are pleased to be recognized by Inside Market Data/Inside Reference Data for these awards,â said Mark Hepsworth, president, Institutional Business, Interactive Data. âIn the current climate, while there is a high degree of cost containment, firms still need essential data to help support their growing risk management and compliance requirements. Independent evaluations, as well as valuations of complex instruments, are critical inputs to the portfolio valuation process and can deliver significant value to financial institutions during these turbulent times.
âTo help clients with their evolving business needs, including their obligations under FAS 157, we now offer an expansive set of informational resources aimed at providing clients with increased transparency into our evaluations and the impact that daily market conditions may have,â Hepsworth continued. âWe have also introduced a daily market commentary that reflects activity in the U.S. fixed income markets as of mid-day. Interactive Data is committed to providing clients with transparency, and is known for its deep understanding of data and the processes involved as that data flows through the enterprise.â
In addition to these awards, Interactive Data was a finalist in 10 other categories including: âBest Data Provider (Vendor)â, âBest Data Provider for Equitiesâ, âBest Data Provider for Fixed Incomeâ, âBest Data Provider for Foreign Exchangeâ, âBest Low Latency Data Vendorâ, âBest Reference Data Providerâ, âBest Counterparty Data Providerâ, âBest Real-Time Market Data Initiative (Vendor)â, âBest Enterprise Data Management Initiative (Vendor)â, and âBest Reference Data Initiative (Vendor)â.
Nominations for the awards â which aim to recognize industry excellence within market data, reference data and enterprise data management â were made by an Inside Market Data/Inside Reference Data editorial committee. The newsletter's readership voted for the winners in an online ballot and the results were announced on May 20 in New York, on the evening of Inside Market Data and Inside Reference Dataâs North American Financial Information Summit 2009.