IDC Releases New Product

A leading provider of financial market data, analytics and related solutions, Interactive Data Corporation (IDC) announced that its Fixed Income Analytics business has released BondEdge Asset Manager.
 
The BondEdge Asset Manager is designed to assist portfolio managers manage relative risk and reward of investment versus leading fixed income indices and liability benchmarks.
 
IDC continuously refreshes its product lines in order to stay competitive. In 2009, IDC’s Fixed Income Analytics business unveiled BondEdge Fixed Income Strategist, designed for risk reporting and trade analysis. BondEdge Fixed Income Strategist is available via the BondEdge Next Generation Platform, which is built on the Microsoft NET Framework and provides a highly intuitive, flexible user interface.
 
IDC had earlier released a new application programming interface (API) for its BondEdge service. These new capabilities are bundled with BondEdge Next Generation Release 2.1. We expect these new services to contribute to revenue growth.
 
IDC recently signed an agreement to acquire the data and tools assets of Dow Jones & Company, Inc.’s Online Financial Solutions (OFS) business. The company has posted growth due to its ability to offer new services through a number of companies that it has acquired and integrated into its core offerings.
 
The company is also generating business through new clients. Healthy cash flow has allowed it to return cash to shareholders through regular dividends. We remain positive on IDC’s new initiatives.
 
We maintain our Neutral rating on the stock.
 

Read the full analyst report on IDC