Deutsche Börse to Distribute Interactive Data’s Bond Evaluations

Interactive Data Corporation (NYSE: IDC) and Deutsche Börse today announced that bond evaluations from Interactive Data’s Pricing and Reference Data business will be distributed via Deutsche Börse to financial institutions throughout Germany.

Deutsche Börse offers a wide range of market and reference data services to institutional clients and vendors. By adding Interactive Data’s bond evaluations, Deutsche Börse’s clients will now be able to request evaluations for specific securities in their portfolios via the WSS (Wertpapier Service System) File Service, a comprehensive securities information service for the back office. Interactive Data will then return the evaluations to clients through Deutsche Börse’s WSS.

Interactive Data is a leading independent provider of daily evaluations for fixed income securities. With over 30 years of experience, Interactive Data offers daily evaluations for approximately 2.5 million fixed income and international equity issues. Over 5,000 financial institutions worldwide, ranging from central banks to large investment banks, subscribe to Interactive Data’s bond evaluations. The evaluations include corporates, high yields, governments and agencies, securitised debt issues, ABS, CMBS and CMOs, US municipal securities, hybrid securities and money market securities.

Holger Wohlenberg, Managing Director, Market Data & Analytics, Deutsche Börse, said: “The bond evaluations from Interactive Data will be an important additional service via WSS. Deutsche Börse offers reference, corporate actions and pricing data on more than 400,000 securities listed in Germany and abroad. The information is supplied once every trading day in processed, machine-readable form or made available via the Internet as a download.”

Roger Sargeant, managing director, Interactive Data (Europe) Ltd, added: “We are very pleased to offer our evaluated services to Deutsche Börse’s clients. With increased regulation and the volatility in the financial markets, firms are focused on the need to have a firm grasp on the value of their holdings – especially thinly traded fixed income securities. Our teams of experienced evaluators incorporate the available transaction data, credit quality information and any apparent market movements into the evaluated pricing applications and models. We place emphasis on building relationships with a broad range of market sources that can offer insight into market activity.”