About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Interactive Data Touts Daily Cost Basis Service for Reporting Requirements Under EESA

Subscribe to our newsletter

Interactive Data’s Pricing and Reference Data business is touting its daily Cost Basis service as a solution for brokers required to file Form 1099-B to comply with the new broker basis reporting requirements under the Emergency Economic Stabilisation Act of 2008 (EESA). Charles Price, senior director, entity data products for Interactive Data, says the service can help the vendor’s clients to report a customer’s adjusted basis when reporting securities transactions.

The service also helps them indicate whether gain is long term or short term as required under EESA. The cost basis reporting requirements are designed to recapture revenue from the under-reporting of capital gains, and are effective for securities acquired after 31 December 2010, beginning with stock transactions after 1 January 2011.

Interactive Data says its service can help automate the calculation and delivery of cost basis information and enable firms to more effectively monitor their clients’ holdings. It provides clients with access to a database that includes corporate actions for most listed securities dating back to their inceptions. The Cost Basis service also includes a calculator that automatically adjusts the cost basis for securities transactions and can assist clients in identifying original cost by retrieving information related to corporate actions.

The data can be received in a range of formats and delivery systems and customers can also access web-based tools that help to monitor daily corporate actions affecting cost basis, create portfolios for tracking specific events and build customised reports, says the vendor. The Cost Basis service offers batch processing of historical transactions aimed at confirming and establishing adjusted cost basis as well as tools for helping to confirm cost basis for information for accounts that have been transferred.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Experts Urge Data-Focussed Prep for Asset Management AI Adoption

Leading data practitioners have urged financial institutions to ensure they have suitable data management and infrastructural setups to accommodate artificial intelligence (AI) applications following a report that suggested asset managers are struggling to roll out the technology. The latest in an annual study by professional services giant KPMG found that while asset managers in the...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...