Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Fixed Income Analytics business has released a new application programming interface (API) for its market-leading BondEdge service.
This API is designed to provide clients with seamless access to BondEdge fixed income security analytics, bond swap, and "what-if" capabilities from directly within Microsoft Excel and other third party applications, which can help support their portfolio analysis and risk management activities across their enterprise.
BondEdge clients can now write their own software applications to communicate with the BondEdge risk calculations library via the BondEdge API, enabling them to access and utilize BondEdge analytical security measures and to populate internal databases with this information. For example, clients can write add-ins to integrate BondEdge analytics into Microsoft Office products such as Excel. The BondEdge API for Excel includes an add-in program with pre-formatted sample report templates.
These new capabilities provide clients with links into BondEdge that can help them perform detailed trade analysis via a bond-swap and portfolio "what-if" tool. "Buy and sell" bond trade programs can be assessed on both a market and book value basis, and the effects on existing client portfolios can be directly measured. With the new API, Interactive Data will provide comprehensive technical and user documentation. These new capabilities are bundled with BondEdge Next Generation Release 2.1, which is currently available.
"The addition of this API to BondEdge will broaden access to the robust fixed income analytical measures and trade analysis that have benefited our clients for decades," said Keith Webster, managing director, Interactive Data Fixed Income Analytics. "This new capability demonstrates our commitment to providing BondEdge clients with increasingly automated, efficient and flexible methods of utilizing BondEdge to support their activities, including risk management and more comprehensive portfolio analysis."