Pricing and Reference Data business of Interactive Data Corporation has expanded the capabilities of its Fair Value Information Service by introducing new London 12:00 (GMT/BST) evaluations for North American and Latin American equity securities.
This new evaluation time complements the services existing evaluation points, including London and New York market close.
Interactive Data’s Fair Value Information Services provide information that can assist mutual funds in determining valuations for international equity securities, international equity index futures, and international equity options when market quotations are not readily available at the time of net asset value (NAV) calculation.
The London noon evaluation engine was developed to help clients meet the fair value requirements of European domiciled funds that utilize the London noon valuation point.
“Since launching the Fair Value Information Service in 2002, we have continued to broaden the capabilities of this service to help our clients produce valuations that are consistent with global market movements,” says Shant Harootunian, managing director, Evaluations, Interactive Data.
“Interactive Data recently observed that approximately 2,000 funds use London noon as the cut-off point in their NAV calculations. When combined with the heightened market volatility and increased focus on fair value requirements, this latest enhancement can help our clients make mission-critical decisions at the popular London noon valuation point.
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