Interactive Data Corporation and Moneyline Telerate have formed a strategic alliance. Moneyline Telerate will integrate Interactive Data Corporation data sets and applications into its workstation and interactive feed products to create a support tool for pre-trade, trade and post trade activities for professional users. Interactive Data Corporation content and services will be incorporated into Moneyline Telerate workstations and interactive feed products include ComStock’s global exchange-traded data, FT Interactive Data’s global evaluation data, security master services, and terms and conditions dataCMS BondEdge analytics and certain eSignal capabilities may also be included.
The two companies say the strategic alliance will allow both companies to better serve global financial institutions by providing a comprehensive range of products designed to support the workflow of front and back offices in the securities industry. “This unique relationship will combine Interactive Data Corporation’s strength in global data quality, technology and reliability with Moneyline’s front office capability and reach,” says Stuart Clark, Interactive Data Corporation’s President and Chief Executive Officer. “Both Interactive Data Corporation and Moneyline Telerate have an excellent track record in creating best of breed product and service offerings, and this alliance will help both companies continue on that path.”
“We believe this relationship will enhance both Interactive Data Corporation’s and Moneyline Telerate’s positions as global, multi-asset class players in the financial information industry,” adds Christopher F. Feeney, Chief Executive Officer of Moneyline Telerate. “Feedback we receive from our clients indicates a strong desire to break traditional vendor dependencies and form more cooperative enterprise-wide relationships with suppliers they can trust. We believe that this combination has the potential to deliver tremendous value to our clients,” added Feeney.
Interactive Data Corporation, which is headquartered in Bedford, Massachusetts, has several branded businesses: FT Interactive Data, ComStock, CMS BondEdge, and eSignal. Pearson plc owns approximately 60 percent of the outstanding common stock of Interactive Data Corporation.
Moneyline Telerate provides information and transaction services to the capital markets, especially in the fixed income sector. The firm, established in 1998, is headquartered in New York City. One Equity Partners, the New York-based private equity arm of Bank One Corporation is the majority shareholder; other shareholders include Japan’s QUICK Corp.