Interactive Data Awarded Fair-Value Patent

Data vendor Interactive Data has been granted a second patent by the US Patent and Trademark Office for a process developed to use for fair-value pricing of a financial asset.

The new patent, for a process used by the vendor's fair-value information service, covers a business process extending to pricing of securities, which are not actively trading in a liquid market, even though the market is open.

The process was invented by Peter Ciampi, market analyst at Interative Data, and Eric Zitzewitz

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