As changing regulatory requirements and investor focus on risk mitigation continue to drive demand for evaluated prices, the Best Evaluated Prices Service Provider category remains hotly contested. Interactive Data emerged as the user favorite this year, making a mark with new tools launched on the back of its Continuous Evaluated Pricing data feed.
Interactive Data has continued to innovate with its Best Execution service for fixed income, which was launched last summer, and Liquidity Indicators, which was introduced in September 2015. At an Interactive Data client event in May, Mark Heckert, senior vice president, evaluations services at Interactive Data, said that clients explained how they applied the new data sources, including their use in building out tools to support trading processes. Interactive Data was ahead of the curve in introducing services designed to help clients meet their evolving business and regulatory requirements.
“We’re really excited that we have progressed and grown from offering an end-of-day evaluated pricing feed to delivery of intraday and continuous evaluated pricing data. As we identify patterns of market data need, we intend to utilize that insight to innovate and create additional new products,” he said.
So far, Interactive Data’s timing has been impeccable, delivering data that firms can use at a time when regulation has forced through demand for additional data. The launch of Liquidity Indicators, a service providing customers with an independent view of near-term relative liquidity, coincided with the Securities and Exchange Commission’s proposal on fund liquidity management reform in September 2015.
Considering its profound understanding of what clients need and its ability to help address pain points with new releases, it comes as no surprise that Interactive Data is leading the race this year.
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails