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

A-Team Insight Blogs

Interactive Data Expands Evaluated Pricing Offerings

Share article

Interactive Data Corporation, a provider of financial market data, analytics, and related solutions, today announced that its Pricing and Reference Data business has broadened its evaluated pricing offerings for clients.

Recent enhancements to the evaluated pricing coverage include:

New evaluations coverage: for more than 10,000 fixed income instruments in the past month, including newly-issued securities and securities frequently requested by clients. Beginning in May, Interactive Data began providing clients with bi-monthly notifications about fixed income evaluation coverage additions. Recent additions include more than 6,300 additional structured securities and more than 3,600 corporate securities.

Fair Value Information Service (FVIS): collaboration with Russell Investments to introduce Fair Value Adjusted Index Information designed to help improve international equity mutual funds performance measurement capabilities. FVIS coverage also now includes evaluations for certain US and Canadian equities on days when their respective markets are closed due to holidays. Interactive Data also increased FVIS coverage of global equities by nearly 1,200 securities since the beginning of 2010.

Daily evaluations for Fixed-Rate Reverse Mortgage-Backed Securities (HMBS): These are securities issued under the Government National Mortgage Association (GNMA) Home Equity Conversion Mortgage (HECM) program. This program is designed to provide liquidity to reverse mortgage lenders. Interactive Data also offers evaluated pricing for other fixed and adjustable rate MBS.

Interactive Data also now provides new complementary offerings in addition to its existing services, including:

Evaluated Pricing Challenge Portal: to help clients enhance their workflow. Clients can submit evaluation challenges online, monitor the status of challenges, create reports, and take advantage of new tools and utilities.

Monthly Market Commentary for structured securities. In addition to daily fixed income Mid-Day Market Commentary, Interactive Data now offers a Monthly Market Commentary for structured securities, which includes market highlights, representative market colour, month-over-month trends, and other market observations.

Daily Tolerance Reports: now available for US Municipal securities and International Corporate and Sovereign securities. These reports identify securities whose percentage change in evaluation from the previous day is equal to or greater than a predetermined tolerance level. They can assist mutual fund clients in their daily review of evaluations. A Daily Tolerance Report was already available for US corporate bonds and convertible bonds.

“Our Evaluated Services team continually works with our clients to understand their evolving needs and, as a result, we are able to respond with new and expanded coverage and services for a wide range of securities,” said Liz Duggan, managing director, Evaluations, Interactive Data Pricing and Reference Data. “We are also committed to providing clients with increased transparency into our evaluations process as well as additional insight related to the asset classes for which we produce evaluated prices.”

Interactive Data delivers daily evaluations for more than 2.8 million fixed income and international equity issues, covering a broad range of instruments and representing approximately 100 countries and 30 different currencies. These include global asset-backed securities (ABS), mortgage-backed securities (MBS) and collateralised mortgage obligations (CMOs). Independent valuations for a broad range of alternative investments are also available. Over 5,000 financial institutions worldwide, ranging from central banks to large investment banks, subscribe to its evaluated prices to support pricing activities, research and portfolio management.

Related content

WEBINAR

Recorded Webinar: The challenges of managing data for regulatory compliance and business performance

Don’t miss this opportunity to view the recording of this recently held webinar. Regulatory compliance is non-negotiable and business performance based on a solid understanding of data is no longer a ‘nice to have’ but critical to success. The webinar will consider the challenges of sourcing and managing data for both compliance and performance, identify...

BLOG

ISO Standardises Process of Embedding LEIs in Digital Certificates

ISO has defined a standard approach for Certification Authorities to embed Legal Entity Identifiers (LEIs) within digital certificates. The move to simplify LEI integration paves the way for all digital certificates to be linked by a universal identifier to verified and regularly updated entity reference data, in a freely accessible repository, and also can contain the...

EVENT

Data Management Summit USA Virtual

Data Management Summit USA Virtual will explore how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...