BondEdge Launch in Europe; Launch Event Being Held Today At the Financial Times Headquarters in London.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 17, 2001 CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. BondEdge, affiliate of FT Interactive Data and division of Interactive Data Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IDCO), announces the European launch of leading fixed income portfolio analytics system, BondEdge(R). BondEdge, the leading fixed income portfolio analytics system in the US institutional market for over 20 years, is being introduced to the European market in response to developments in global bond portfolio management. BondEdge offers comprehensive reporting tools and analyses - including benchmark comparisons and performance attribution - for diversified fixed income portfolios. Used by investment management firms, pension funds, insurance companies, banks and brokerage houses, BondEdge is an indispensable tool for those who want to understand the implications of their investment strategy and proactively manage the risks in their portfolios. Teri Geske, senior vice president of product development and marketing for CMS BondEdge, explains: "We've spent the past 12 to 18 months incorporating functionality based on feedback from European portfolio managers. For both global and domestic portfolios, BondEdge offers critical tools for managing multiple risk factors effectively, including in-depth portfolio comparisons against a variety of benchmark indices." Key portfolio characteristics, such as average maturity, option-adjusted duration and convexity Convexity A measure of the curvature in the relationship between bond prices and bond yields. Notes: Positive convexity corresponds to curvature that opens upward. Negative convexity corresponds to curvature that opens downward. , and average quality are easily summarized using the BondEdge standard reports or user-defined customised reports. Interest rate risk is measured by duration and by yield curve distribution on a country-by-country basis, and currency hedges can be incorporated using currency forward rate agreements. The system provides over 20 benchmark government yield curves and more than 40 currencies, all updated daily from FT Interactive Data. BondEdge now includes benchmark indices covering the most popular global government bond indices and more are being added in response to demand from European investors. The system also offers a complete global performance attribution analysis Performance attribution analysis The decomposition of a money manager's performance results to explain the reasons why those results were achieved. This analysis seeks to answer questions such as: (1) What were the major sources of added value? (2) Was short-term factor timing explaining the sources of portfolio returns in terms of income, interest rate moves, sector and quality allocations, individual security selection and currency effects. Portfolios can be analyzed separately, or versus a benchmark, to help examine the reasons for achieving returns over the selected time period. BondEdge clients have access to a global database of 50,000 securities, including sovereigns, supranationals and futures. A US securities database of Treasuries, agencies, corporates, mortgage pools, collateralised mortgage obligations (CMOs), asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS CMBS See: Commercial Mortgage Backed Securities ) is also available. The system provides user-defined security models, making it easy to include non-public securities, loans and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. in a portfolio for analysis. Laurie Adami, president of CMS BondEdge, adds: "The changes taking place in the fixed income marketplace highlight the importance of analytical tools that are flexible, able to handle a broad spectrum of security types and ready to change as conditions demand. BondEdge gives that flexibility and is designed to handle the simplest to the most complex fixed income management needs." A launch event to introduce BondEdge to the fixed income community in the UK is being held today at the Financial Times Headquarters, One Southward Bridge, London. About CMS BondEdge For over 20 years, CMS BondEdge has been recognized as a leader in fixed income analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. . Long known for the BondEdge system, CMS BondEdge is trusted as an independent source of research, analytics and valuation tools by over 550 institutions in the U.S. and Canada. CMS BondEdge is an affiliate of FT Interactive Data and division of Interactive Data Corporation (Nasdaq:IDCO), a leading global provider of financial and business information to institutional and individual investors. More information on CMS BondEdge is available at www.cms-info.com. Corporate information on DBC See dBA. (language, parallel) DBC - A data-parallel bit-serial C based on MPL. SRC, Bowie MD. E-mail: <maya@super.org>. is available at Interactive Data Corporation is available at www.interactivedatacorp.com. About Interactive Data Corporation Interactive Data Corporation is a leading global provider of securities pricing, financial information, and analytic tools to institutional and individual investors. The company supplies time-sensitive pricing, dividend, corporate action, and descriptive information for more than 3.5 million securities traded around the world, including hard-to-value, unlisted fixed income instruments Fixed income instruments Assets that pay a fixed dollar amount, such as bonds and preferred stock. . The company links to most of the world's best-known financial service and software companies for trading, analysis, portfolio management, and valuation. Interactive Data Corporation is headquartered in Bedford, Massachusetts Bedford is a town in Middlesex County, Massachusetts, United States. It is within the Greater Boston area, some 15 miles north-west of the city of Boston. The population of Bedford was 12,595 at the 2000 census. . Through its branded businesses, FT Interactive Data, CMS BondEdge, and eSignal, Interactive Data Corporation has approximately 1,600 employees in 22 offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, and Australia. Pearson plc (NYSE NYSE See: New York Stock Exchange : PSO PSO - Oracle Parallel Server ), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, owns approximately 60% of Interactive Data Corporation. |
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