Interactive Data Corporation (NYSE: IDC), a leading global provider of financial data and analytics to institutional and individual investors, and MarketAxess Corporation, a leading electronic, multi-dealer to client platform for U.S. and European high-grade corporate and emerging markets bond trading, today announced they have entered into an agreement to distribute corporate bond information to clients.
Interactive Data Corporation's major operating subsidiary, FT Interactive Data, will distribute MarketAxess' Corporate BondTicker(TM) data, which includes execution prices and MarketAxess estimated spread-to-Treasuries data for publicly-disseminated NASD TRACE-eligible bonds, execution prices for trades executed on MarketAxess, and a comprehensive database of historical bond spreads, yields and prices. In addition, MarketAxess will now provide FT Interactive Data's corporate bond evaluations and historical data through BondTicker.
"Our alliance with MarketAxess complements our independent evaluation process by providing us with insight into a broader view of corporate bond activity and market context from one of the industry's leading fixed income trading platforms," said Martin Williams, Vice President of Data Delivery Products for FT Interactive Data. "We believe this additional service will provide FT Interactive Data clients with enhanced transparency into the corporate bond market."
"MarketAxess is pleased to enter into an agreement with one of the leading providers of independent evaluation services for corporate bonds," said Richard Schiffman, Head of Information Services for MarketAxess. "Combining FT Interactive Data's evaluation services with BondTicker's real-time price data will provide participants in the $4 trillion corporate bond market with a superior set of data for analyzing historical and real time pricing trends in the corporate bond market."
About Interactive Data Corporation
Interactive Data Corporation is a leading global provider of securities pricing, financial information, and analytic tools to institutional and individual investors. The company supplies time-sensitive pricing (including evaluated pricing), dividend,corporate action, and descriptive information 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.
Interactive Data Corporation is headquartered in Bedford, Massachusetts. Through its branded businesses, FT Interactive Data, ComStock, CMS BondEdge, and eSignal, Interactive Data Corporation has approximately 1,700 employees in offices located throughout North America, Europe, Asia, and Australia. Pearson plc (NYSE: PSO), an international media company, whose businesses include the Financial Times Group,Pearson Education, and the Penguin Group, owns approximately 60 percent of the outstanding common stock of Interactive Data Corporation.
MarketAxess operates a leading platform for the electronic trading of fixed-income securities, serving as an electronic platform through which our more than 600 institutional investor clients can access the liquidity provided by our 19 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously receive competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, and emerging markets bonds. In addition, we recently announced a strategic alliance to provide our institutional investor clients with access to the U.S. government bond market. MarketAxess also provides data and analytical tools that help our clients make trading decisions and we facilitate the trading process by electronically communicating order information between trading counterparties. MarktAxess' current participating dealers are: ABN AMRO, Banc of America Securities, Barclays PLC, Bear Stearns, BNP Paribas, Citigroup Global Markets, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs, HSBC, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, SG Corporate & Investment Banking, Spear Leeds & Kellogg, UBS, and Wachovia Securities.
For further information
FT Interactive Data
Jeanne Murphy, 781-687-8548
The Torrenzano Group
Diane Zappas, 212-681-1700, Ext. 103
MarketAxess Holdings Inc.
Andy Nybo, 212-813-6246