Interactive Data Selected Primary Vendor by Capita Financial Group
10 February 2008 - 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 has been selected as the primary vendor to provide a wide range of intra-day and end-of-day data to Capita Financial Group, a wholly owned subsidiary of The Capita Group Plc, a FTSE 100 company and a leading provider of outsourcing services in the UK.
Interactive Data was selected by Capita Financial Group as the primary data vendor for the breadth and depth of its pricing and reference data, as well as its high-quality service and ability to customise offerings. Capita Financial Group will also be taking advantage of Interactive Data’s price comparison reports, which can be tailored to client requirements.
Capita Financial Group is a leading service provider to major asset management and hedge fund institutions and provides a full range of outsourced trade processing, operations and back office services. Capita Financial Group provides fund accounting services for over 400 funds and has 130 clients.
Karl Midl, programme director at Capita Financial Group, commented: “We are very pleased to have successfully implemented the datafeed, which has now gone live. We are taking a daily download of Interactive Data’s extensive intra-day and end-of-day pricing and reference data, including corporate actions and income data. The price comparison reports will enable our fund accounting teams to compare intra-day prices against those of the same time on the previous day of trading and highlight any securities that fall outside our selected tolerance levels.”
The data is being made available to Capita Financial Group via FTS , Interactive Data’s securities administration tool, and integrated into SunGard InvestOne Enterprise, a browser-based interface for accessing and analysing investment accounting and portfolio management data.
Brendan Beith, sales director, Interactive Data (Europe), added: “We are delighted to have been chosen by Capita Financial Group as their primary vendor and look forward to providing a high level of service. Interactive Data has worked extensively with SunGard to customise the interface to help meet Capita Financial Group’s requirements. We place great emphasis on working with third party providers for the benefit of our customers and have interfaces with some 250 software and application vendors around the world.”
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 real-time market data, time-sensitive pricing, evaluations and reference data for millions of 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 2,300 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 6 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
Brian Willinsky (US media)
Tel: +1 781-687-8291
Email: brian.willinsky@interactivedata.com
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