Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related solutions, today announced an agreement to provide a wide range of financial data and analytical tools to InvestEdge, Inc., a leading provider of wealth management solutions to banks, trust companies and advisors.
Interactive Dataâs end-of-day pricing and reference data is now available through InvestEdgeâs wealth management platform, which is utilized by large investment firms to manage, measure and report on high net worth portfolios. Clients of InvestEdge also have the option to access robust bond-level risk measures derived by BondEdgeÂ®, Interactive Dataâs fixed income portfolio analytics platform, to help identify opportunities and analyze portfolio risk using robust modeling techniques.
âThe combination of Interactive Dataâs comprehensive market data and fixed income analytics provides our clients with the ability to perform sophisticated risk measures on a wide range of securities,â said Jeff Cowley, Senior Vice President of Business Development at InvestEdge. âOur clients benefit from streamlined access to important financial data that can be leveraged for on-line analysis of accounts, performance measurement and reporting.â
âThe combination of InvestEdge and Interactive Data enables us to focus on the analysis of the financial information at hand, rather than on the technical details related to obtaining data,â said Nick Voutsakis, Chief Technology Officer of Glenmede, an investment and wealth management firm with more than $18 billion in assets for high-net-worth individuals, families, and institutional clients. âInvestEdgeâs wealth management platform seamlessly delivers the critical information we need to make timely decisions.â
âInteractive Data offers a wide range of financial information and advanced analytics for fixed income securities,â said Cort Williams, president, Institutional Sales for Interactive Data. âThe delivery of our market data through InvestEdgeâs sophisticated technology platform, together with analytical measures from BondEdge, can help financial institutions perform key front office functions such as portfolio management, risk analysis, and compliance.â