Source: Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that data from its Pricing and Reference Data business will now be available through ValueLink's PriceValidation service.
Through PriceValidation, ValueLink acts as a service facilitator taking raw data from customers' chosen data vendors and subjecting it to ValueLink's validation processes within client agreed deadlines for intra-day and closing timeslots.
Now, Interactive Data's extensive intra-day and end-of-day pricing data and evaluations will be accessible to customers through ValueLink's interface with FTS, Interactive Data's securities administration service. This can help customers to save time and resource in their validation process.
Stephen Choate, chief executive, ValueLink, said: "The wide-ranging data is dual fed into ValueLink's stringent six-stage validation process, exceptions are resolved and validated files are available to clients 15 minutes after the valuation point. We have dedicated client administrators who provide responses to customer queries within 15 minutes and can tailor procedures to help meet specific requirements. We can also provide validation reports giving a full audit trail for compliance purposes."
Brendan Beith, sales director, Interactive Data (Europe), added: "In today's risk and regulatory environment, this validation service will provide an added benefit to our customers, helping them seamlessly compare any differences in data between vendors. The service automatically compares data uploaded from data vendors, prices are validated against multiple data sources, and data is scrutinised for appropriate updates."