FT Interactive Data has been awarded gold accreditation in the 2004 CityCompass Benchmarking International Systems and Services ? Corporate Actions (B.I.S.S.) report
FT Interactive Data, the major operating subsidiary of Interactive Data Corporation (NYSE: IDC) and a leading supplier of financial information and analytical software to global markets, was presented with a gold award for its corporate actions service at yesterday's CityCompass ?The City in Action' conference held at the Merchant Taylors' Hall, London.
The 2004 corporate actions report, undertaken by Bloor Research on behalf of CityCompass, independently assessed both system suppliers and information vendors as to how well their services meet customer needs.
FT Interactive Data scored highly on the breadth and depth of its coverage, and was noted for continuously extending its global coverage. FT Interactive Data was also accredited with the high standard of its service and its willingness to meet a specific customer request. The report cited: ?The outstanding feature is their concern to achieve a solution that fits into the exact needs of their customer?. Indeed, FT Interactive Data's attitude to customers was noted as ?exceptional in today's competitive markets for good, clean, accurate data?.
The independent user panel took particular note of the extensive work and involvement of FT Interactive Data in supporting global industry standards. By mapping its corporate actions data to the MT564 event types specified within ISO 15022, FT Interactive Data announced early in August 2004 that it now offers both new and existing customers immediate access to its global ISO 15022 service.
Gary Wright, managing director of CityCompass and creator of the benchmarking process, said: ?The new B.I.S.S. gold standard is totally focused on the capability of systems and information services meeting the buyer's business requirements, therefore establishing which vendors actually perform to the buyer's satisfaction. The vendors will now have a new and important target to meet, and through the new B.I.S.S. gold standard only a high quality product will be able to attain the necessary standard.?
Roger Sargeant, FT Interactive Data's European managing director, commented: ?We are delighted to have taken part in the CityCompass benchmarking report and ?The City in Action' conference. Having provided global corporate actions event data for over 30 years, we have a wealth of experience in gathering, updating, validating and delivering this data. We are very pleased to have been given the B.I.S.S. gold award.?
For further information please contact:
Sue Mitchell, FT Interactive Data
Tel: +44 (0) 20 7825 8076 Email: email@example.com
About FT Interactive Data
FT Interactive Data is a leading provider of financial information and analytical software to global markets. FT Interactive Data supplies global securities pricing, evaluations, dividend, corporate action and descriptive information designed to support mutual funds' pricing activities, securities operations, research and portfolio management. The company collects, edits, maintains and delivers data on more than 3.5 million securities, including daily evaluations for more than 2.5 million fixed income issues. FT Interactive Data specialises in ?hard-to-value' instruments and ?hard-to-get' information from emerging markets.
Through BondEdge®, FT Interactive Data is a recognised leader and independent source of fixed income portfolio analytics, risk management tools and quantitative research.
FT Interactive Data is the major operating subsidiary of Interactive Data Corporation (NYSE: IDC), a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts, Interactive Data Corporation has approximately 1,700 employees in offices throughout the world.
Interactive Data Corporation (www.InteractiveDataCorp.com) is approximately 60 per cent owned by Pearson plc and included within its Financial Times Group. Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business. Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing.
For further information please see: www.FTInteractiveData.com
Initially conceived and founded by five senior financial services industry operations professionals, CityCompass was incorporated in May 2000 to provide a unique range of services to suppliers and users of products in the financial services industry. These services encompass reports providing independent analysis and opinion and information on topical industry issues, thought leadership events, event creation and management, agent consultancy and training.
For further information please see: www.citycompass.org