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Interactive Data Announces Real-Time Fair Value Information Service

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Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced the Real-Time Fair Value Information Service.

The new service, which will be available in the second quarter of 2011, will provide real-time evaluated prices for more than 15,000 international equities throughout the trading day. These streaming evaluated prices reflect an independent opinion of international equity prices that would likely prevail following the close of local markets.

The Real-Time Fair Value Information Service will also be offered as a premium input to the Company’s Basket Calculation Service, which provides intraday indicative values (IIVs) for exchange traded structures and values for market indices. This will enable ETF sponsors and index providers to provide fair value adjusted IIVs throughout the day to the investment community.

“Investors need a way to assess the fair value of ETFs on an intraday basis, and this has been a challenge for more than a decade,” said Matt Hougan, president of ETF Analytics for IndexUniverse, an independent authority on ETFs, indexes and index funds. “Interactive Data’s real-time fair value adjustments represent a significant step forward for the ETF industry, and will help investors make more informed decisions.”

Other market participants, including market makers, authorised participants (APs) and traders, can utilise real-time fair value information as an additional reference point to form their opinions of value and support trading activity, the creation/redemption decision-making process, and risk management.

“From ETF sponsors monitoring the behaviour of their ETFs in the marketplace to APs and other investors estimating basket values to inform creation/redemption and trading decisions, the Real-Time Fair Value Information Service can help to address the needs of multiple market segments,” said Liz Duggan, managing director, Global Evaluations for Interactive Data. “We are excited about this extension of our Fair Value Information Services, which underscores our commitment to evolve our offerings to support our clients’ business processes.”

Since 2002, mutual fund companies have been using Interactive Data’s Fair Value Information Services to help meet regulatory requirements, to safeguard investors’ interests against market timers, and to reassure their investors that appropriate procedures are in place to reflect the fair value of assets when determining net asset values (NAVs). More than 185 of the company’s clients in the United States, Europe and Asia currently utilise its Fair Value Information Services.

Real-time fair value information will be available from Interactive Data through: the Basket Calculation Service: designed for ETF sponsors, this service will deliver fair value adjusted intraday indicative valuations (IIVs) for US listed global equity ETFs; PlusFeed: this low latency, consolidated global datafeed will provide real-time fair value information to financial institutions for integration into their trading applications. PlusFeed is also available on the Interactive Data 7ticks network. Market-Q: Interactive Data’s flexible browser-based real-time market data desktop terminal will offer streaming access to real-time fair value information to a wide range of market participants for trading, research, charting and data download purposes.

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