Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Managed Solutions group has signed an agreement with Un (Unidad Editorial S.A.), publisher of Expansión, and a leading financial information company in Spain.
Under the agreement, Interactive Data has rights to market and distribute funds data provided by Expansión in Spain and Portugal, as well as calculating, maintaining and distributing Expansión's new star ranking of funds in Spain and Portugal.
The information provided by Expansión comprises pricing and fundamental data for all funds licensed in Spain and Portugal across all funds classes, and includes fundamental data, daily prices and history. Based on this information, Interactive Data calculates and maintains, for and on behalf of Expansión, the "Expansión Ranking", a star ranking launched by the newspaper in January 2008. An annual awards event recognises the leading Spanish investment companies for their performance over the past year and is an important occasion for the Spanish funds industry.
Interactive Data will also enhance Expansión's web portal, expansion.com, to provide extensive funds data - similar to the newspaper offering - as well as fact sheets, search and comparison functionalities using Interactive Data's Funds Suite solution, a service that provides flexible tools for customised web offerings.
"We are delighted to have signed this agreement with Interactive Data, a prominent global financial information provider," said Jesús Martinez de Rioja Vázquez, editor at Expansión. "We believe that this relationship will add value to our end users in the funds industry, and the new star rankings can help our readers make informed investment decisions."
"The new relationship with Expansión gives us an excellent opportunity to significantly enhance our data offering with comprehensive funds information for the Spanish and Portuguese market. The relationship between Expansión and Interactive Data further strengthens our position as a leading funds data provider," said Carsten Dirks, managing director, Interactive Data Managed Solutions. "Together with Expansión, we aim to increasingly establish this vast funds data offering as an indispensable reference source not only for customers in Spain and Portugal, but also for the global funds industry."