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’s Fair Value Information Service Now Offers New 16:00 CET Evaluation Point

Subscribe to our newsletter

Interactive Data Corporation, a leading provider of independent pricing and evaluation services, today announced an expansion of the capabilities of its Fair Value Information Services (FVIS) by introducing a new 16:00 Central European Time (CET) evaluation point for Asia-Pacific and Middle Eastern equity securities.

This new service is designed to help meet the fair value pricing requirements of European domiciled funds that utilize the popular 16:00 CET valuation point. Interactive Data utilizes a “bottom-up” evaluation process featuring a multi-factor regression methodology, resulting in security-level fair value evaluated prices.

This new FVIS evaluation time at 16:00 CET complements the service’s existing evaluation points throughout the global trading day, including London Noon (12:00 GMT), London Close (16:30 GMT) and New York Close (16:00 ET).

”The heightened market volatility continues to drive demand from European fund management clients investing in global equities for services that will assist them with their fair value pricing procedures,” said Liz Duggan, managing director, Global Evaluations for Interactive Data. “We believe our security-level approach provides stronger results for fund management clients versus a top-down, portfolio-level adjustment, which has been confirmed through back-testing.”

Interactive Data continually reviews the performance of its Fair Value Information Services in the context of current market events to identify potential methodology enhancements. The Japanese crisis earlier this year, the U.S. sovereign rating downgrade, and economic concerns in Europe have underscored the evolving relationships between global markets and the need for ongoing innovation. Recent enhancements include the addition of new regional and country index futures contracts as factors in certain models. Extensive back-testing measures validate the performance of these new product innovations, especially during stressed market conditions.

Interactive Data’s Fair Value Information Services are designed to provide market participants with various information that can be used to estimate a price for an exchange-traded equity security, equity index futures contract, or equity option that would likely prevail in a liquid market, in view of market information available at the time of evaluation.

Currently, more than 190 fund groups subscribe to Interactive Data’s Fair Value Information Service for equities.  Earlier this year, the Company launched a Real-Time Fair Value Information Service, which provides real-time evaluated prices for more than 15,000 international equities throughout the trading day. Also in 2011, Interactive Data was awarded its second patent by the U.S. Patent and Trademark Office for Fair-Value Pricing of a Financial Asset. The first patent was awarded in 2007.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

TRG Screen Launches AI Assist to Advance Reference Data Cost Management

Market data spend and usage management software provider TRG Screen has launched an artificial intelligence-powered capability to help financial institutions better manage spiralling data costs. The conversational AI interface sits on top of TRG Screen’s established Xmon platform, allowing users to interact with their own programme data using natural language. Instead of digging through technical reports, users can ask the system direct questions about cost optimisation opportunities and...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...