Source: Interactive Data
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Pricing and Reference Data business has introduced a new service that is designed to deliver comprehensive corporate actions information to clients throughout the day.
The Interactive Data Xcitek Intra-Day Corporate Actions Service can deliver notification of newly announced and revised events to clients every two hours. The service, which is designed for clients in North America, covers over 40 corporate actions event types, including mergers, tender offers, exchanges and rights offerings for U.S. and Canadian listed/traded securities.
Intra-day files are delivered to clients in Interactive Data Xcitek's standard fixed format beginning at approximately 10:00 ET each day. The compilation of the five intra-day files reflects all of the data collected for the standard end-of-day feed that is available at approximately 19:00 ET.
The service has been developed by leveraging the high quality content collection capabilities and subject matter expertise that Interactive Data Corporation attained through the acquisition of the market data division of Xcitek LLC in May 2007.
"The growing volume and complexity of corporate actions events can make it challenging for financial institutions to effectively review critical information that impacts the financial markets," said Marty Williams, vice president of institutional data delivery products, Interactive Data Pricing and Reference Data. "Our new Intra-Day Corporate Actions Service is designed to collect a broad range of corporate actions data and seamlessly deliver it to clients throughout the day in a streamlined format that integrates into their financial systems and applications. This helps clients more efficiently review and process data that can be used as an input to make informed investment decisions."
Williams continued, "This new offering further supports our customers' need for obtaining the high quality, timely reference data that can help them to optimize their mission critical operations. Interactive Data is committed to continuing to enhance our reference data offerings and expand our knowledge of operational workflow in order to more effectively help our custusustomers achieve this objective."