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

A-Team Insight Blogs

Interactive Data Provides Tokyo Stock Exchange With Indicative Valuations For Exchange Traded Funds

Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it is providing indicative optimised portfolio values (IOPVs) for exchange traded funds (ETFs) to the Tokyo Stock Exchange (TSE). Interactive Data will be calculating the IOPVs using its Basket Calculation Service on behalf of the TSE.

The Basket Calculation Service uses Interactive Data’s intraday fixed income valuations, real-time pricing and contributor data to calculate and deliver updated IOPVs for equity, commodity, fixed-income ETFs and exchange traded notes (ETNs) every 15 seconds. Interactive Data also offers intra-day calculations for global indices that include equities, fixed income securities, currencies and commodities. The service can help ETF sponsors access the information required to launch funds that contain a broader range of securities, facilitating further growth and diversification in the ETF market.

From 11 April 2011, the TSE will begin to provide IOPVs for ETFs every 15 seconds during auction trading hours and will publish the information on the TSE website and through their market datafeed. Investors will be able to compare ETF market prices with the IOPVs during TSE auction trading hours.

“The IOPV or indicative NAV offers better transparency of ETF assets,” said Akiyoshi Maruyama, director, information services department of the Tokyo Stock Exchange. “The publication of this information forms part of the TSE’s initiative to increase ETF liquidity and raise investor awareness.”

“We are very pleased to be working with the Tokyo Stock Exchange to provide this timely, mission-critical information,” said Roger Sargeant, managing director, International, Interactive Data. “The exchange-traded fund market in Asia Pacific is growing fast, with Japan being one of the largest markets. We continue to broaden our services for a wide range of leading ETF sponsors throughout the Asia Pacific region.”

A recent BlackRock survey of the ETF industry in Asia Pacific calculated that at the end of April 2010 there were 249 ETFs listed in the region with assets of $69.6bn, based on the primary listing, and BlackRock predicted 20-30 per cent growth over the near term.

Interactive Data currently calculates and disseminates intra-day indicative valuations for baskets of securities to a wide range of clients via its Basket Calculation Service. The Basket Calculation Service is offered by Interactive Data Pricing and Reference Data, Inc.

Related content

WEBINAR

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

GLEIF CEO Stephan Wolf Outlines LEI Strategy Based on Hindsight and Innovation

The Global LEI Foundation (GLEIF) has set strategy that will make the Legal Entity Identifier not only essential to smooth running of capital markets, but also the wider digital economy. Achieving these goals is a matter of hindsight and innovation based on the GLEIF’s decision to drive extended use of the LEI in the private...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...