ICE Data Services (formerly known as Interactive Data)[1] was an American 1960s-founded Time-sharing services company that later became known for providing financial market data (financial data vendor), analytics and related solutions to financial institutions, active traders and individual investors.[citation needed] The company's businesses supply real-time market data, time-sensitive pricing, evaluations and reference data for securities trading, including hard-to-value instruments. The company was acquired by and folded into Intercontinental Exchange in December 2015.[1][2]
Interactive Data provided evaluation services, reference data, pricing services, derivatives services, Fair Value Information Services, low latency market data, trading infrastructure services, fixed income analytics, Web-based solutions, desktop solutions, the eSignal suite of products, and environmental, social and corporate governance (ESG) data including quantitative ESG risk indicators for individual companies and sectors (current figures as well as historical data for the past two years) provided by RepRisk, a global business intelligence provider specialized in ESG risk analytics and metrics.[3][4]
Like competitor National CSS (NCSS), their time-sharing service was based on IBM's CP/CMSTime-sharing software for the IBM System 360 Model 67. IDC focused on the financial industry, while NCSS had a broader client base.
In 1984, Chase expanded IDC by purchasing Western Union's Telstat Systems division.[7]
Data servicesedit
In 2002 Interactive bought Merrill Lynch's securities pricing service.[8]
Interactive Data became known as a supplier of financial market data and related offerings, "including data bases used for economic forecasting."[5] Acquisitions have contributed to Interactive Data's growth, enabling the company to deliver an increasing range of services, while expanding into adjacent markets and extending its reach geographically.
In 2015, Intercontinental Exchange announced the acquisition of Interactive Data Corporation from Warburg Pincus and Silver Lake Partners.[1][2]
Referencesedit
^ abcde la Merced, Michael J. (27 October 2015). "N.Y.S.E. Owner to Buy Interactive Data for $5.2 Billion". The New York Times.
^ ab"ICE to buy market data firm Interactive Data in $5.2 billion deal". Reuters. 26 October 2015.
^"Exhibit 99.1". SEC.gov. .. a trusted leader .. reference data
^Plunkett, Jack W. (2009). Plunkett's E-Commerce & Internet Business Almanac 2009. ... Pricing and Reference Data .. INTERACTIVE DATA CORPORATION
^ abSanger, David E. (19 October 1985). "Chase computer raided by youths, officials".
^Koshetz, Herbert (21 June 1974). "Chase Manhattan Bank And Interactive Data". The New York Times.
^NYTimes typo: Telestat: "Interactive Data". The New York Times. 28 December 1984.
^"Merrill Lynch sells securities pricing service". The New York Times. 3 January 2002.
^Holusha, John (30 October 1997). "Interactive Data to Move". The New York Times.
^"Pearson confirms could sell $1.5 bln stake in IDC". Reuters. 15 January 2010.
^"Acquisition of Interactive Data Corporation Completed" (Press release). Interactive Data Corporation. 29 July 2010.
April 27, 2024
interactive, data, corporation, confused, with, international, data, corporation, data, services, formerly, known, interactive, data, american, 1960s, founded, time, sharing, services, company, that, later, became, known, providing, financial, market, data, fi. Not to be confused with International Data Corporation ICE Data Services formerly known as Interactive Data 1 was an American 1960s founded Time sharing services company that later became known for providing financial market data financial data vendor analytics and related solutions to financial institutions active traders and individual investors citation needed The company s businesses supply real time market data time sensitive pricing evaluations and reference data for securities trading including hard to value instruments The company was acquired by and folded into Intercontinental Exchange in December 2015 1 2 ICE Data ServicesCompany typePrivate CompanyIndustryFinancial servicesFounded1968HeadquartersBedford Massachusetts USAKey peopleMason Slaine ChairmanStephen Daffron President and CEOJay Nadler COOOwnerIntercontinental ExchangeNumber of employeesApproximately 2 500 worldwide Contents 1 Products 2 History 2 1 Timesharing services 2 2 Data services 3 ReferencesProducts editInteractive Data provided evaluation services reference data pricing services derivatives services Fair Value Information Services low latency market data trading infrastructure services fixed income analytics Web based solutions desktop solutions the eSignal suite of products and environmental social and corporate governance ESG data including quantitative ESG risk indicators for individual companies and sectors current figures as well as historical data for the past two years provided by RepRisk a global business intelligence provider specialized in ESG risk analytics and metrics 3 4 History editTimesharing services edit Founded in 1968 as a Waltham Massachusetts based 5 time sharing company Interactive Data Corporation was acquired by Chase Manhattan Bank in 1974 6 Like competitor National CSS NCSS their time sharing service was based on IBM s CP CMS Time sharing software for the IBM System 360 Model 67 IDC focused on the financial industry while NCSS had a broader client base In 1984 Chase expanded IDC by purchasing Western Union s Telstat Systems division 7 Data services edit In 2002 Interactive bought Merrill Lynch s securities pricing service 8 Interactive Data became known as a supplier of financial market data and related offerings including data bases used for economic forecasting 5 Acquisitions have contributed to Interactive Data s growth enabling the company to deliver an increasing range of services while expanding into adjacent markets and extending its reach geographically Later on Pearson PLC 9 owned 61 of the company 10 In 2010 the company announced the completion of its acquisition by two private equity firms Warburg Pincus and Silver Lake Partners 11 In 2015 Intercontinental Exchange announced the acquisition of Interactive Data Corporation from Warburg Pincus and Silver Lake Partners 1 2 References edit a b c de la Merced Michael J 27 October 2015 N Y S E Owner to Buy Interactive Data for 5 2 Billion The New York Times a b ICE to buy market data firm Interactive Data in 5 2 billion deal Reuters 26 October 2015 Exhibit 99 1 SEC gov a trusted leader reference data Plunkett Jack W 2009 Plunkett s E Commerce amp Internet Business Almanac 2009 Pricing and Reference Data INTERACTIVE DATA CORPORATION a b Sanger David E 19 October 1985 Chase computer raided by youths officials Koshetz Herbert 21 June 1974 Chase Manhattan Bank And Interactive Data The New York Times NYTimes typo Telestat Interactive Data The New York Times 28 December 1984 Merrill Lynch sells securities pricing service The New York Times 3 January 2002 Holusha John 30 October 1997 Interactive Data to Move The New York Times Pearson confirms could sell 1 5 bln stake in IDC Reuters 15 January 2010 Acquisition of Interactive Data Corporation Completed Press release Interactive Data Corporation 29 July 2010 Retrieved from https en wikipedia org w index php title Interactive Data Corporation amp oldid 1093421370, wikipedia, wiki, book, books, library,
