Interactive Data adds real-time evaluations to fixed-income pricing services

Source: Interactive Data

Interactive Data Corporation, a leading provider of global pricing, reference and corporate actions data, today announced the expansion of its real-time fixed-income pricing services.

Interactive Data is a leading provider of independent, end-of-day fixed income evaluations. It is also an established provider of real-time fixed income pricing to global ETF sponsors for use in calculating intraday indicative values (or iNAVs), updated every 15 seconds. "We are able to leverage the significant investment we have made in technology to extend our real-time fixed income pricing services," says Mark Hepsworth, President of its Pricing and Reference Data business. "The fixed income markets are changing, and we see a growing opportunity to provide independent real-time evaluated fixed income pricing to the front office to support pre-trade transparency and investment analysis. We also see benefits for our clients' post-trade operations, as they look to adopt more intraday processes to get ahead of the pricing window."

In addition to delivering real-time evaluated pricing via a data feed, Interactive Data also plans to add real time pricing to VantageSM, its fixed income transparency display application. "As well as seeing rapid uptake of Vantage with our post-trade operations clients, we also see front office users adopting Vantage to gain greater transparency into fixed income securities pricing. The addition of real-time evaluated pricing to our end of day Evaluation Services offerings will provide clients with even greater insight during the trading day" added Hepsworth.

Interactive Data already offers intra-day corporate actions and reference data through ApexSM, its new delivery platform for pricing and reference data. "The expansion of our evaluated pricing capabilities to real-time is the next step as we continue to evolve our products from end of day to intraday and real-time delivery that supports pre- as well as post-trade activity," Hepsworth said. 

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