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INTERACTIVE DATA AND PROQUOTE CO-OPERATE ON REAL-TIME
DATA BEST EXECUTION PRODUCT
London : 12 November 2007
Interactive Data Corporation (NYSE: IDC), a leading provider
of financial market data, analytics and related services, and Proquote,
the London Stock Exchange's real-time market data and trading terminal,
have signed an agreement whereby Interactive Data will provide level
1 and level 2 real-time data from MiFID-zone European exchanges
to Proquote's Transaction Cost Analysis (TCA) system.
To help customers comply with newly introduced MiFID legislation
on cost and quality of execution, the Proquote Transaction Cost
Analysis (TCA) system provides a full report on what a best transaction
could have been, a summary of execution quality and the shortfall.
By using data supplied by Interactive Data's low latency, digital
datafeed, PlusFeedSM, Proquote compares the details of the specific
trade entered with the order book volumes and prices over the period
of the execution, from order entry to notice of execution.
Karen Young, Head of Business Development Information Services at
the London Stock Exchange said: "Interactive Data offers high quality
information which will provide in-depth European exchange data for
Proquote customers. As investment firms now may have to submit their
order books to several markets to get the best possible execution
price, the Proquote Transaction Cost Analysis (TCA) system has helped
meet our customer demands for statistics on what the 'best' execution
would have been for the order."
David Hann, general manager, EMEA, Interactive Data Real-Time Services,
added: "We have been making significant effort to source data from
the new pricing venues and existing regulated markets providing
MiFID services, and we are delighted to provide this data to Proquote
for their best execution product. PlusFeed continues to be a one-stop
shop for real-time data requirements, including MiFID-related content."
Interactive Data offers a broad, cohesive range of data and services
to help customers comply with the obligations that have been imposed
by the Markets in Financial Instruments Directive (MiFID). These
include real-time and reference data services to help customers
with the requirements of pre- and post-trade transparency, evidencing
best execution, trade venue selection and reviews of order execution
policy, code of conduct and client classification obligations, transaction
reporting, managing conflicts of interest and managing risk.
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 customised
financial market information systems.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com
Interactive Data and the Interactive
Data logo are service marks of Interactive Data Corporation.
About Proquote
Owned by the London Stock Exchange, Proquote provides real-time
market data coverage of the global markets. Its powerful display
and analysis tools deliver the most up to date information on
over 100 markets, news and data sources throughout the trading
day. Proquote's extensive coverage includes information on futures,
options, commodities, metals and OTC derivatives and features
comprehensive fundamentals, charting analytical tools. Its software
is based on Windows technology which can be installed on individual
PCs and eliminates the need for separate terminals. Proquote has
over 300 clients and a rapidly growing presence in all areas of
the financial sector.
For further information about Interactive Data please contact:
INTERACTIVE DATA CORPORATION:
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
PROQUOTE:
Fiona Hurst
Tel: +44 (0) 20 7797 1222
Email: newsroom@londonstockexchange.com
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