Interactive Data Corporation, a leading provider of financial market data, analytics, and related solutions, today announced that it has introduced BondEdge OnDemand, a fully-hosted offering that provides clients an alternative to installing and managing BondEdge as an in-house application.
BondEdge OnDemand gives clients access to the power of BondEdge's sophisticated portfolio analytics through a hosted software solution, minimizing the resources associated with maintaining and supporting an on-site installation. In addition, BondEdge OnDemand can provide portfolio processing and other data management related services that will be performed and monitored by the BondEdge Service Bureau team, enabling customers to focus instead on their investment management processes.
"Financial institutions that manage, fixed income portfolios are seeking greater simplicity and flexibility related to their technology, analytics and investment management workflow," said Keith Webster, managing director, Interactive Data Fixed Income Analytics. "BondEdge OnDemand provides these firms with a simple and cost-effective option to help these firms manage their mission-critical portfolio processing functions."
Interactive Data provides fixed income portfolio analytics to more than 400 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe. Built on the Microsoft .NET Framework, BondEdge is backed by market-leading fixed income single security, portfolio level and cash flow analytics that are supported by more than 30 years of market and technology expertise.
BondEdge combines advanced analytics with security master data that provides comprehensive security coverage for more than 2.7 million fixed income securities, including a structured finance library of more than 15,000 U.S. structured deals.