| INTERACTIVE DATA DELIVERS BROAD RANGE OF REAL-TIME FOREIGN EXCHANGE DATA TO XE.COM
Vast Global Dataset Added to the Core of XE.com’s Innovative Internet-based FX Applications
New York : 17 October 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 be providing foreign exchange (FX) data to XE.com, one of the world’s leading foreign exchange websites.
XE.com provides FX data and services to millions of individuals and organizations around the world.
Through its GTIS service, Interactive Data will deliver FX data for more than 170 global currencies and rates for up to 1,200 currency pairs to XE.com. XE.com will utilize this information in its proprietary multi-source rate integration infrastructure that powers its online applications, including historical currency rate tables and cross-currency calculators.
“By working with Interactive Data, we have gained access to another high quality global FX dataset,” said Steven Dengler, CEO and Co-Founder of XE.com. “Interactive Data covers a wide range of global markets, including Africa, Eastern Europe, and Latin America, and this is critical for us to help meet the needs of our worldwide user base.”
“As one of the most popular currency destinations on the Internet, it is critical that XE.com provide its customers with easy access to high-quality and timely FX data,” said Don Finucane, vice president of product management and OTC Data Services, Interactive Data Real-Time Services. “By integrating this information into a broad range of intuitive applications, including currency calculators and rate-change monitors, XE.com can help its customers in a range of FX-related business activities.”
Finucane continued, “From providing real-time FX data for innovative Internet applications offered by companies like XE.com, to delivering low-latency data to power algorithmic trading engines utilized by some of the world's largest and most technically sophisticated financial institutions, Interactive Data has a broad range of real-time offerings that are designed to meet the needs of our customers.”
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 Managed Solutions is a leading provider and operator of customised financial information systems. The group builds and manages Web-based financial market data portals and terminals for a range of organisations worldwide, from retail and investment banks to asset managers, online brokers, stock exchanges and media portals. By aggregating a broad set of financial data and client-proprietary content and offering visually stunning features such as charts, sophisticated search functions, decision-support tools and analytics, these intuitive applications can help customers optimise their business processes and realise efficiencies. The Interactive Data Managed Solutions group is managed as part of the Interactive Data Real-Time Services business, which provides a comprehensive suite of offerings that includes PlusFeedSM, a consolidated, low latency datafeed.
For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com.
For further information about Interactive Data please contact:
Iris Klose,
Corporate Communications Interactive Data Managed Solutions
Tel: +49-69-505030-324
Email: iris.klose@interactivedata.com
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