The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Interactive Data adds European Money Market Instruments to its Award-Winning Fixed-Income Evaluated Pricing Service

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it is adding evaluated pricing for European money market instruments to its global independent fixed-income evaluations coverage. These new evaluated prices will complement the coverage of US and Asian money market instruments already offered by Interactive Data.

From October 2010, this enhanced coverage will include euro, sterling and Swiss franc-denominated commercial paper (both interest bearing and discount) and euro denominated treasury bills. The Company plans to increase coverage further by incorporating other currencies and security types at a later date.

Interactive Data’s evaluated pricing service can offer clients a high level of transparency, helping them to better manage risk and to comply with current regulatory and auditing demands. Regulations such as Basel II and UCITS III require funds to manage their risk efficiently, including their holdings in European money market instruments, and recent amendments to the US Securities and Exchange Commission (SEC) Rule 2a-7 impose portfolio quality, liquidity and other requirements on money market funds.

Anthony Belcher, director, European Fixed Income, Interactive Data, commented: “This addition to our evaluated pricing service will further enhance the breadth and depth of our coverage. With investment returning to European money market instruments and recent market volatility, our clients are keen to better understand their risk and mitigate uncertainty. The independent evaluated pricing we offer helps to meet clients’ obligations from the regulatory standpoint and minimise the operational risk inherent to performing evaluations in-house.”

Interactive Data has decades of experience in providing independent evaluated pricing and is a recognised leader in the market. Interactive Data’s teams of evaluators operate in three major time zones to evaluate approximately 2.8 million fixed-income and international equity issues every day, covering a broad range of instruments that include global asset-backed securities (ABS), mortgage-backed securities (MBS) and collateralised mortgage obligations (CMOs). Over 5,000 financial institutions in over 50 countries, including central banks, investment banks, major mutual and investment fund companies, subscribe to Interactive Data’s evaluated prices.

Evaluated pricing for European money market instruments is available to clients worldwide from Interactive Data’s Pricing and Reference Data business.

Related content

WEBINAR

Upcoming Webinar: Managing culture and conduct: Is your organisation compliant with the Senior Managers and Certification Regime (SMCR)?

Date: 16 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The FCA’s Senior Managers and Certification Regime (SMCR) came into play in the UK banking sector in early 2016, with the aim of reducing harm to consumers and strengthening market integrity by creating a system that enables firms and...

BLOG

NeoXam Challenges Cost of Data with Savings Strategies, Software Solutions and Kalaxis Partnership

NeoXam has responded to client calls for help to manage the cost of data with a value proposition offering five savings strategies, tools to monitor and adjust data sourcing and spending, and most recently, a partnership with data cost optimisation consultancy Kalaxis. The company’s move to enable clients to not only manage their data, but...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...