Interactive Data boosts reference data content sets for fixed income in North America

Source: Interactive Data

Interactive Data, a leading provider of trusted, mission critical information for over 10 million financial instruments, including listed pricing data, terms and conditions, corporate actions and entity linkage data, announced today that it has completed an extensive upgrade to its North American fixed-income reference data content.

The content is available on its Apex® platform which provides firms with greater data access flexibility, ease of consumption and improved total cost of ownership (TCO).

Since 2012, when Interactive Data launched Apex, its innovative delivery platform for pricing and reference data, it has continued to invest in and improve its infrastructure, platform and data collections operations. Clients can now benefit from enhanced timeliness and access to continuous data content. The Apex platform uses industry standard interfaces and formats to simplify integration and help firms increase efficiency and reduce operational costs.

"The industry has pushed for reduced costs and decreased complexity related to licensed data for years. Interactive Data has invested in and enhanced our reference data platform to empower firms to reduce their total cost of ownership and simplify their consumption of data across the enterprise," said Hubert Holmes, Managing Director of Reference Data at Interactive Data. "Apex combines enhanced content coverage and completeness, with a rich data model, a business application layer and a suite of delivery capabilities, to provide a new and innovative approach to the delivery and integration of descriptive data sets."

Apex delivers clean, high-quality data that can help improve operations, minimize risk exposure, address regulatory requirements and empower multiple client use cases through a rich data model and hierarchy. Users benefit from multiple data access options which include Managed Data Services with data hosted by Interactive Data, a Web Services API for on-demand access to data on a per security basis, and file delivery options which now include an intra-day message queue access for near time, event-driven analysis.

"The industry continues to wrestle with the harmonization and integration of reference data into their organizations," said Michael Atkin, Managing Director, EDM Council. "Interactive Data's efforts to standardize, align and link data within their Apex platform will go a long way toward helping their clients meet both their regulatory reporting requirements and enhance the efficiency of their operational processes." 

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