IDC Awarded Patent for Fair Value Pricing of Financial Assets

Interactive Data Corporation’s Pricing and Reference Data business has been granted a patent by the US Patent and Trademark Office for the fair value pricing of a financial asset.
As Reference Data Review went to press, IDC also announced that its Pricing and Reference Data business has been selected by HedgeSpeed Technology – provider of a platform for hedge funds and fund administrators to manage portfolios – as its main source of financial data. IDC’s reference data on more than 3.5 mill-ion securities will be used as the main source for HedgeSpeed’s securities masterfile.