Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that it has received three awards at the Inside Market Data & Inside Reference Data Awards 2010.
For the second consecutive year, Interactive Data won in the category of âBest Evaluated Prices Services Provider.â Interactive Data is a leading independent provider of fixed-income evaluated pricing. With decades of experience, Interactive Data offers daily evaluated pricing for approximately 2.8 million fixed-income and international equity issues, covering a broad range of instruments that include global asset-backed securities (ABS), mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs). Independent valuations for a broad range of alternative investments are also available. Over 5,000 financial institutions worldwide, ranging from central banks to large investment banks, subscribe to Interactive Dataâs evaluated prices.
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 TALF loans, single name credit default swaps (CDS), CDS index trades, interest rate swaps and bank loan prices, and valuations of complex OTC derivatives and structured products.
Interactive Data also was named âBest Reference Data Providerâ for its wide range of global, high-quality, in-depth reference data. Interactive Data continues to build upon its reference data offerings to respond to ever-changing industry requirements and help customers comply with capital adequacy, best execution, transparency and counterparty risk exposure requirements. Offerings include its Corporate Actions Service, Class Actions Service, Business Entity Service, and terms and conditions data.
Interactive Data also won âBest Reference Data Initiativeâ for its Business Entity Service. By identifying a firmâs global exposure to a specific entity, industry, region or asset class, this service can help clients to obtain a more complete picture of the corporate hierarchy of an entity in order to better understand its capital structure and region-based risk exposure, as well as perform pre- and post-trade technical analysis.
Interactive Dataâs service combines entity level data with a broad range of global security-level reference data across a wide range of asset classes and is designed to help clients analyze risk from their global exposure to various entities, industries and regions. It can help clients to meet their requirements for compliance under a variety of industry regulations such as Basel II, UCITS, Markets in Financial Instruments Directive (MiFID), Sarbanes-Oxley and the USA PATRIOT Act as well as current and proposed liquidity risk measures.
"We are delighted to be recognized by Inside Market Data and Inside Reference Data for our industry leadership in providing evaluated pricing and reference data services,â said Ray DâArcy, president and chief executive officer for Interactive Data. âWe take pride in serving as a trusted leader in providing financial institutions with offerings that can help address their specific needs.â
Interactive Data was also a finalist in 10 additional award categories. 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 and Inside Reference Data editorial committee. The publicationsâ readership voted for the winners online. Campaign/initiative nominations were submitted by vendors, and the recipients were chosen by the editorial staff. Awards winners were honored on May 26 in New York at the North American Financial Information Summit 2010.