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FT Interactive Data Adds Risk and Analytical Data Service to Its Risk Management Offering.


Four Clients Already Use FT Interactive Data's Risk and Analytical Data Service

LONDON -- FT Interactive Data, an Interactive Data (NYSE NYSE

See: New York Stock Exchange
: IDC) business and a leading supplier of financial information to global markets, announced today that its enhanced risk and analytical data service via a single source is now available. Four clients are already using the service in Europe.

First launched by FT Interactive Data as the risk and assumptive as·sump·tive  
adj.
1. Characterized by assumption.

2. Taken for granted; assumed.

3. Presumptuous; assuming.



as·sump
 data service in February 2006, the re-named service has been greatly enhanced to provide new risk measures, such as key rate durations and option-adjusted spread Option-adjusted spread (OAS)

(1) The spread over an issuer's spot rate curve, developed as a measure of the yield spread that can be used to convert dollar differences between theoretical value and market prices.
 duration. The enhanced service can calculate these risk measures retrospectively, giving the added benefit of being able to use historic pricing, evaluation, risk and analytics data within Value at Risk (VaR) models, performance systems, or to feed a data warehouse.

The new features complement those of the existing daily service that provides a range of data such as option-adjusted spread, yield to 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.
 for FT Interactive Data's bond evaluations. The risk and analytical data service is available for download as a module via FTS FTS

facteur thymique sérique.
[TM], FT Interactive Data's flexible portfolio administration service.

Siobhan Doyle, COO for Fixed Income at Schroder Investment Management, commented: "We were looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 a single source of pricing, risk and analytical data and FT Interactive Data's risk and analytics module, combined with its bond evaluations service, provided this single source. The service also gives us a consistent source of underlying information that is used in modelling pricing, risk and analytical data."

Ian Blance, FT Interactive Data's vice president, Capital Markets Europe, added: "FT Interactive Data has a well established history of providing services designed to help firms meet their regulatory requirements - and the provision of services to help meet risk management requirements is no exception. The huge array of regulations due to come into force during 2007 and 2008 - MiFID, Basel II, UCITS Undertakings for the Collective Investment of Transferable Securities - UCITS

A public limited company that coordinates the distribution and management of unit trusts amongst countries within the European Union.
 III, to name but a few - is adding to existing regulation and is placing increasing pressure on the risk management functions of many financial services organisations."

The risk and analytical data service has resulted from the combination of FT Interactive Data's 30 years of experience in evaluating fixed income securities and the powerful analytical capabilities of Interactive Data's 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 division. FT Interactive Data provides independent daily evaluations for approximately 2.5 million fixed income and international equity issues and is a leading supplier of evaluated pricing to more than 4,000 global financial institutions. CMS BondEdge, a provider of fixed income portfolio analytics to the investment community for over 25 years, has a client base that includes more than 500 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe. Dedicated exclusively to fixed income, its flagship product BondEdge[R] delivers portfolio analysis tools enabling its customers to identify opportunities and analyse portfolio risk using sophisticated modelling techniques.

Roger Sargeant, managing director of Interactive Data (Europe) Ltd., said: "The risk and analytical data service is one of a number of new and existing offerings from FT Interactive Data, which have been developed to help firms meet their increased credit, market and operational risk management requirements. FT Interactive Data's recently announced business entity data service, its EUSD EUSD Encinitas Union School District (California)  data - as well as its evaluations for thinly traded securities thinly traded security

A security that trades with little volume. Institutional investors usually exclude these securities from their portfolios because of the large price changes that would occur if trades of any significant size took place.
, high quality reference data and ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 15022 formatted corporate actions data - can all help firms address risk management issues."

About Interactive Data

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, FT Interactive Data, ComStock, CMS BondEdge and eSignal, Interactive Data has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia, and is headquartered in Bedford, MA. Pearson plc (NYSE: PSO PSO - Oracle Parallel Server ; LSE LSE - Language Sensitive Editor : PSON PSON Plastic Small Outline Package No Leads ), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, owns approximately 62 percent of the outstanding common stock of Interactive Data Corporation.

FT Interactive 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. FT Interactive 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. FT Interactive Data specialises in 'hard-to-value' instruments and 'hard-to-get' information from emerging markets.

Evaluated pricing is provided in the US through FT Interactive Data Corporation and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.

For more information, please visit: www.interactivedata.com
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Company overview
Date:Nov 1, 2006
Words:820
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