Interactive Data Announces New Intra-Day Corporate Actions Service
New Offering Designed to Help Clients More Effectively Monitor Events that Impact the Financial Markets
23 October 2007 - Bedford, Mass.
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business has introduced a new service that is designed to deliver comprehensive corporate actions information to clients throughout the day.
The Interactive Data Xcitek Intra-Day Corporate Actions Service can deliver notification of newly announced and revised events to clients every two hours. The service, which is designed for clients in North America, covers over 40 corporate actions event types, including mergers, tender offers, exchanges and rights offerings for U.S. and Canadian listed/traded securities.
Intra-day files are delivered to clients in Interactive Data Xcitek’s standard fixed format beginning at approximately 10:00 ET each day. The compilation of the five intra-day files reflects all of the data collected for the standard end-of-day feed that is available at approximately 19:00 ET.
The service has been developed by leveraging the high quality content collection capabilities and subject matter expertise that Interactive Data Corporation attained through the acquisition of the market data division of Xcitek LLC in May 2007.
“The growing volume and complexity of corporate actions events can make it challenging for financial institutions to effectively review critical information that impacts the financial markets,” said Marty Williams, vice president of institutional data delivery products, Interactive Data Pricing and Reference Data. “Our new Intra-Day Corporate Actions Service is designed to collect a broad range of corporate actions data and seamlessly deliver it to clients throughout the day in a streamlined format that integrates into their financial systems and applications. This helps clients more efficiently review and process data that can be used as an input to make informed investment decisions.”
Williams continued, “This new offering further supports our customers’ need for obtaining the high quality, timely reference data that can help them to optimize their mission critical operations. Interactive Data is committed to continuing to enhance our reference data offerings and expand our knowledge of operational workflow in order to more effectively help our customers achieve this objective.”
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. The Company's businesses supply time-sensitive pricing, evaluations and reference data for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, Interactive Data Pricing and Reference Data, Interactive Data Real-Time Services, Interactive Data Fixed Income Analytics, and eSignal, the Company has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia. The Company is headquartered in Bedford, Mass. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, is Interactive Data Corporation's majority stockholder.
Interactive Data Pricing and Reference Data provides global securities pricing, evaluations and reference data designed to support financial institutions’ and investment funds' pricing activities, securities operations, research and portfolio management. Interactive Data Pricing and Reference Data collects, edits, maintains and delivers data on more than 3.5 million securities, including daily evaluations for approximately 2.5 million fixed income and international equity issues. Interactive Data Pricing and Reference Data specializes in ‘hard-to-get’ information and evaluates many ‘hard-to value’ instruments.
Pricing, evaluations and reference data are provided in the U.S. through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com
Interactive Data and the Interactive Data logo are service marks of Interactive Data Corporation.
For More Information:
Investors
Andrew Kramer
Tel: +1 781-687-8306
Email: andrew.kramer@interactivedata.com
Media
Sue Mitchell (European media)
Tel: +44 (0)20 7825 8076
Email: sue.mitchell@interactivedata.com
John Coffey (US Media)
Tel: +1 781-687-8148
Email: john.coffey@interactivedata.com
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