| INTERACTIVE DATA DELIVERS REAL-TIME DATA TO BNY CONVERGEX GROUP’S COMPREHENSIVE TRADING AND INVESTMENT TECHNOLOGY PLATFORM
Combination of Innovative Tools and High-Quality, Low Latency Data Designed to Help Clients Improve Efficiency and Make Informed Financial Decisions
New York : 17 July 2007
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Real-Time Services business will provide real-time data to BNY ConvergEx Group’s trading and investment technology platform.
BNY ConvergEx Group provides leading global agency brokerage and investment technology solutions to hedge funds, money managers, broker-dealers, corporations and plan sponsors. ConvergEx’s broad array of services delivers a comprehensive, integrated platform of performance-driven trading capabilities, supported by sophisticated technology and a consultative approach. Core competencies include execution and liquidity management, investment technologies, transition management, research and commission management, and intermediary and clearing services.
Through an integration with PlusFeed , Interactive Data’s low latency consolidated datafeed, BNY ConvergEx Group can provide its clients with comprehensive data needed to assist them in making informed financial decisions. Interactive Data will initially deliver a broad range of data for global equities, futures and derivatives, as well as extensive global Level II data, directly into BNY ConvergEx Group’s comprehensive platform.
"The complexity and evolving nature of today’s financial markets makes it essential to have high-quality data and execution tools on one trading platform," said Joseph M. Velli, chairman and chief executive officer of BNY ConvergEx Group. "The combination of ConvergEx’s technology and Interactive Data's universe of market data will provide our clients with the ability to make more informed investment decisions.”
“By offering access to a broad range of real-time data from directly within its comprehensive platform, BNY ConvergEx can provide its clients with the tools and information they need to help them improve their workflow and make data-driven decisions,” said Mark Hepsworth, president of Interactive Data Real-Time Services. “We are very pleased to be working with BNY ConvergEx Group to help them provide their clients with an innovative, powerful solution that is designed to meet their requirements. Our investments to enhance PlusFeed and our data distribution network in recent years have helped make Interactive Data a premier option for a companies seeking to use global, low latency data for their financial applications.”
PlusFeed delivers high-quality, low latency data from more than 450 sources and exchanges worldwide, covering in excess of 3.4 million securities. In addition to real-time quote and trade data for equities, derivatives, fixed income, foreign exchange, commodities and funds, PlusFeed delivers a wide range of other information including reference data, fundamental data, historical data and financial news. PlusFeed is designed to power mission critical electronic market data applications, including algorithmic trading engines, where speed is crucial.
About XE.com
XE.com Inc., a privately held corporation based near Toronto, runs the one of the world’s leading foreign exchange websites. Monthly, the Company’s website serves 200+ million page views to 6+ million unique users. The website provides real-time currency information and services, including industry-leading currency converters, historical rate tables, e-mail rate update notifications, tools for mobile devices, and many more. The Company also licenses its proprietary currency services and commercial rate data worldwide, from individuals to Fortune 500 companies.
XE has developed alliances with industry leaders to deliver relevant services under the XE brand. Through its XE Forex Speculation service, clients speculatively trade currencies on-line 24 hours a day without dealer intervention. Through its XE Trade global payments service, clients send and receive payments around the world in a range of currencies. XE Trade has been used by over 30,000 clients to make over 3 billion dollars in payments.
For more information about XE.com Inc. and its services, please visit www.xe.com.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. The Company's businesses supply time-sensitive pricing, evaluations and reference data for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, Interactive Data Pricing and Reference Data, Interactive Data Real-Time Services, Interactive Data Fixed Income Analytics, and eSignal, the Company has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia. The Company is headquartered in Bedford, Mass. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, is Interactive Data Corporation's majority stockholder.
Interactive Data Real-Time Services is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals worldwide. Offerings from Interactive Data Real-Time Services include PlusFeed, a consolidated, low latency datafeed. Also managed as part of this business is Interactive Data Managed Solutions, a leading provider and operator of customized financial market information systems.
For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com.
For further information about Interactive Data please contact:
INTERACTIVE DATA:
Investors
Andrew Kramer
Tel: +1 781-687-8306
Email: andrew.kramer@interactivedata.com
Media
Sue Mitchell (European media)
Tel: +44 (0)20 7825 8076
Email: sue.mitchell@interactivedata.com
John Coffey (US Media)
Tel: +1 781-687-8148
Email: john.coffey@interactivedata.com
XE.COM:
Kit Purdy, EVP
XE.com Inc.
+1 416 987-7029
Kit.purdy@xe.com
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