FT Interactive Data, an Interactive Data business and supplier of financial information to global markets, says its enhanced risk and analytical data service via a single source is now available. Four clients are already using the service in Europe.
First launched by FT Interactive Data as the risk and assumptive data service in February 2006, the re-named service has been greatly enhanced to provide new risk measures, such as key rate durations and option-adjusted spread duration. The enhanced service can calculate these risk measures retrospectively, giving the added benefit of being able to use historic pricing, evaluation, risk and analytics data within Value at Risk (VaR) models, performance systems, or to feed a data warehouse.
The new features complement those of the existing daily service that provides a range of data such as option-adjusted spread, yield to maturity, option adjusted duration and convexity for FT Interactive Data’s bond evaluations. The risk and analytical data service is available for download as a module via FTS’, FT Interactive Data’s flexible portfolio administration service.
“We were looking for a single source of pricing, risk and analytical data and FT Interactive Data’s risk and analytics module, combined with its bond evaluations service, provided this single source,” says Siobhan Doyle, the COO for Fixed Income at Schroder Investment Management. “The service also gives us a consistent source of underlying information that is used in modelling pricing, risk and analytical data.”
“The risk and analytical data service is one of a number of new and existing offerings from FT Interactive Data, which have been developed to help firms meet their increased credit, market and operational risk management requirements,” adds Roger Sargeant, the managing director of Interactive Data (Europe) Ltd. “FT Interactive Data’s recently announced business entity data service, its EUSD data, as well as its evaluations for thinly traded securities, high quality reference data and ISO 15022 formatted corporate actions data, can all help firms address risk management issues.”