NYSE Euronext Buys IVRS for Valuations

NYSE Euronext will combine IVRS' 15 employees in London with the exchange's own valuations staff to produce a team of 22 dedicated to supporting the valuations service, though officials say NYSE Euronext will invest further in developing the business and recruiting additional staff.

The service is targeted at a wide range of buy-side institutions, including asset managers, fund administrators, insurance companies and hedge funds, says Marie-Hélène Crétu, director of fixed income at NYSE Euron