SOURCE: Interactive Data Corporation

Interactive Data Corporation

September 20, 2011 21:00 ET

Interactive Data Enhances International Content for Fund Administrators and Custodians by Further Enhancing Alliance With Bond Pricing Agency Malaysia

Additional Coverage Available Internationally in Response to Increased Demand for Valuations for Islamic Finance Assets

KUALA LUMPUR, MALAYSIA--(Marketwire - Sep 20, 2011) - Interactive Data Corporation, a leading provider of independent pricing and valuation services, today announced that it has expanded its agreement with Bond Pricing Agency Malaysia Sdn Bhd (BPA Malaysia), a leading national bond pricing agency.

Interactive Data is now distributing evaluated pricing for long-term Malaysian fixed income assets from BPA Malaysia. Demand for this content is increasing internationally due to the rapid growth of Islamic finance over the past few years, which has been estimated at a rate of 15-20% *.

Meor Amri Meor Ayob, Chief Executive Officer of BPA Malaysia, said: "By further strengthening this relationship, we are now able to bring our expertise in hard-to-value bonds and sukuk to global fund processing centres. This helps meet the increasing need from the market for independent evaluated pricing as firms seek to manage their risk exposure globally."

"Interactive Data is dedicated to expanding its position as a leading provider of independent evaluated pricing services to financial institutions globally," added Magnus Cattan, business development director, Interactive Data Asia. "By broadening our evaluated pricing coverage with this Malaysian content, our clients will have seamless access to information that will help them more effectively value their diverse international portfolios."

Evaluated pricing for long-term Malaysian fixed income assets is available through FTS(SM), Interactive Data's flexible portfolio administration tool, and ExpressNet(SM), a Web-based service for Asia-Pacific clients that provides access to a consolidated, comprehensive range of global financial market information services via a single platform.

Based in Kuala Lumpur, BPA Malaysia is the first and only registered bond pricing agency accredited by the Securities Commission of Malaysia. Over the last seven years, BPA Malaysia has progressively developed its core business to become the principal source of valuation and reference data on the Malaysian sukuk and bond markets. The company currently serves over 100 local and international financial institutions and also works with a wide range of strategic partners.

* KPMG, Growth and Diversification in Islamic Finance

About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,500 employees in offices worldwide.

Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.

For more information about Interactive Data please visit: www.interactivedata.com

About BPAM
BPA Malaysia is currently the only registered bond pricing agency as accredited by the Securities Commission of Malaysia. The Company is a one-stop solution provider delivering evaluated pricing and bond data services on the Malaysian fixed income market. BPA Malaysia currently serves over 100 local and international financial institutions, asset managers, mutual funds and corporations, while collaborating with a wide range of strategic partners ranging from academia, global information vendors, research houses, media organisations and training providers.

For more information about BPA Malaysia, please visit www.bpam.com.my

Contact Information

  • For further information please contact:

    Media
    Louise Butler
    (European and Asia-Pacific media)
    Tel: +44 (0)20 7825 8514
    Email: Email Contact

    Brian Willinsky
    (US media)
    Tel: +1 781-687-8291
    Email: Email Contact