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Interactive Data Readies for Fallout from European Sovereign Debt Crisis

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Interactive Data is seeking to reassure users of its evaluated pricing and reference data services that they will not be affected by any fallout from the European sovereign debt crisis. The big data provider has outlined its plans for responding to a Greek exit from the euro and other scenarios in a letter to customers.

In the letter, Susan Burud, vice president of client service at Interactive Data, writes: “Interactive Data has plans in place to accommodate a sudden change in the euro currency (including, e.g., the exit of Greece from the euro currency, the formation of a new euro currency bloc, and/or the introduction of one or more new sovereign currencies), and has tested our evaluated pricing and reference data systems for readiness in the event of such a change.”

Burud highlights the company’s experience of dealing with changes to market data infrastructure, citing the introduction of the euro, and describes the webcasts and FAQ published to keep clients up to data with any possible changes to the euro and the effect they could have on Interactive Data’s services.

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