Interactive Data Announces New EU Transparency Directive Data Service
New data items available to help customers comply with the EU Transparency Directive
30 October 2007 - London
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 will offer a new data service to help its customers comply with the disclosure rules which form part of the EU Transparency Directive that came into force in January 2007.
The Transparency Directive aims to enhance transparency in European Union (EU) capital markets for the purpose of improving investor protection and market efficiency. It seeks to accomplish this by establishing rules for the disclosure of periodic financial reports and of major shareholdings for companies whose securities are admitted to trading on a regulated market in the EU.
The directive also requires more frequent disclosure of changes to major shareholdings within stricter disclosure deadlines. Issuers are required to disclose the total number of voting rights and capital for each class of shares that they issue at the end of each month in which a change in capital structure has occurred.
Interactive Data’s new service can help customers identify the number of potential votes per share of a UK listed company. The service covers UK issuers by SEDOL® and includes ‘Total Voting’, as well as ‘Home Member State’ information. The service will be available as an optional module of FTS , Interactive Data’s online portfolio administration service.
Roger Sargeant, managing director, Interactive Data (Europe) Ltd, said: “We are pleased to provide this new data offering, which is one more element of our strategy to supply a wide range of data and services to help customers comply with the obligations of recent and new directives and regulations. We look to work with the industry in order to provide our customers with flexible offerings that can seamlessly integrate into their workflow.”
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 specialises in ‘hard-to-get’ information and evaluates many ‘hard-to value’ instruments.
Pricing, evaluations and reference data are provided in the US 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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