CMS BondEdge Fixed Income Workshops a Success; Record High Attendance Amid Current Levels of Market Uncertainty.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 30, 2003 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, an operating division of Interactive Data Corporation (NYSE NYSE See: New York Stock Exchange : IDC) and a leading provider of fixed income portfolio analytics, today announced that this year's conference series, hosted in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. in March, and last week in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Chicago, yielded the best conference attendance to date in more than ten years of hosting the event. The event drew 350 portfolio managers from institutional investors in the banking, insurance, money management, pension fund, mutual fund and broker dealer markets. The New York event was held on April 22nd at the New York Marriott Financial Center; the Chicago event took place at the Chicago Athletic Club on April 24th. Session topics addressed a variety of pertinent fixed income issues such as increased volatility (Modeling and Managing Credit Risk, MBS See Mb/sec. MBS - mobile broadband services Markets and Prepayment Modeling, Volatility and Market Risk Factors), forecasting and explaining returns (Understanding Tracking Error, Simulations in BondEdge, Performance Attribution and Measurement), and factors that determine quantitative modeling techniques (Term Structure Modeling, Monte Carlo Simulations Monte Carlo Simulation A problem solving technique used to approximate the probability of certain outcomes by running multiple trial runs, called simulations, using random variables. ). President of CMS BondEdge, Laurie Adami, revealed plans for major business initiatives for the remainder of 2003 in her keynote speech. Highlights include expanded credit risk portfolio level analytics, enhanced historical portfolio analytics, several additional mortgage prepayment models (including links to 3rd party vendors), and transaction analysis which soon will incorporate pre-trade batch processing (1) Performing a particular operation automatically on a group of files all at once rather than manually opening, editing and saving one file at a time. For example, graphics software that converts a selection of images from one format to another would be a batch processing utility. , links to trade order systems, and the post-trade effects. An open forum discussion with a panel of key senior management took place during lunch in all three cities, with the majority of questions and follow-up discussion centering around credit risk tools, and the increased need for additional information, such as tracking issuer risk versus its peer group and historical trend analysis between the equity, cash credit and credit default swap Credit Default Swap A swap designed to transfer the credit exposure of fixed income products between parties. Notes: The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. markets. About CMS BondEdge: For over 20 years, CMS BondEdge has been recognized as a leader in fixed income analytical software. 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 (NYSE:IDC), a leading global provider of financial and business information to institutional and individual investors. More information on CMS BondEdge is available at www.cmsbondedge.com. Corporate information on Interactive Data Corporation is available at www.interactivedatacorp.com. |
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