Interactive Data To Deliver Bondedge Cash Flows Seamlessly Through GGY AXIS Asset-Liability System - Insurance News | InsuranceNewsNet

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July 31, 2008
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Interactive Data To Deliver Bondedge Cash Flows Seamlessly Through GGY AXIS Asset-Liability System

Integration of Sophisticated Analytics and High-quality Asset-liability Modeling Tools to Help Insurance Companies Further Mitigate Risk

Los Angeles, CA - July 28, 2008 – Interactive Data Corporation (NYSE: IDC) a leading provider of financial market data, analytics and related services, today announced that its Fixed Income Analytics business will make available the BondEdge® structured finance cash flow engine and library through GGY’s AXIS system via a seamless link.  The AXIS system features sophisticated actuarial tools that include pricing, valuation and modeling. The fully integrated offering is designed to save insurance clients valuable time and help further mitigate risk during the asset-liability modeling process by significantly streamlining access to projected asset market values and cash flows for the complex fixed income securities modeled by Interactive Data Fixed Income Analytics.  The functionality is scheduled to be generally released by mid-August. 

With increased regulatory requirements for stochastic analysis, more tightly integrated information exchange between asset and liability systems provides insurance companies with a critical alternative to flat file information transfer.  Via Microsoft® dynamic-link library (DLL), the GGY AXIS application accesses the BondEdge asset cash flow engine to generate scenario-driven cash flows under unlimited interest rate environments from within the AXIS system for more sophisticated asset-liability analysis.  This new interface can help reduce risk by eradicating the need to transfer large amounts of information back and forth as well as eliminate the need to maintain two separate systems.

“We are very pleased to be working with GGY to provide a more fully integrated solution that can help life insurance companies better manage the asset and liability management process,” said Laurie Adami, president of Interactive Data Fixed Income Analytics.  “This offering marks another important milestone in our commitment to meet marketplace demand for mission-critical solutions where underlying component systems communicate directly with one another.  Establishing this relationship with GGY, with its considerable expertise and strong product offering for the life insurance industry, is a natural fit for us.”

“Our clients were impressed to learn that we now have an integrated approach which enables clients to obtain the values that they need from the BondEdge structured finance cash flow engine and library,” said Bill Young, president of GGY.  “We feel that this combined offering will assist GGY in making future AXIS sales since most companies we have talked with are very interested in a more automated approach.”

About Interactive Data Corporation

Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors.  The Company’s businesses supply real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments.  Many of the world’s best-known financial service and software companies subscribe to the Company’s services in support of their trading, analysis, portfolio management and valuation activities.  Through its businesses, Interactive Data Pricing and Reference Data, Interactive Data Real-Time Services, Interactive Data Fixed Income Analytics, and eSignal, the Company has approximately 2,300 employees in offices located throughout North America, Europe, Asia and Australia.  The Company is headquartered in Bedford, Mass.  Pearson plc (NYSE: PSO; LSE: PSON), an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, is Interactive Data Corporation’s majority stockholder.  Interactive Data Corporation is celebrating its 40th anniversary in 2008.

Interactive Data Fixed Income Analytics is a leading provider of fixed income portfolio analytics to the investment community with nearly thirty years’ expertise.  Its client base includes more than 500 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe.  Interactive Data Fixed Income Analytics is long since known for its flagship product, BondEdge®, which allows customers to identify opportunities and analyze portfolio risk using robust modeling techniques.  Interactive Data Fixed Income Analytics also provides direct access to sophisticated risk measures for a wide universe of fixed income securities via its analytical datafeed service.

For more about Interactive Data and its businesses, please visit www.interactivedata.com.

About GGY

GGY is a software company located in Toronto, Canada. Our primary business is developing, maintaining, selling and supporting AXIS, a PC-based actuarial software product designed for use by the life insurance industry.

GGY's staff is dedicated to maintaining and improving AXIS and supporting our clients' current and future requirements. Our team includes actuaries, systems development professionals and quality control specialists. We have no other distracting priorities or commitments. Training, documentation, full-time client support and on-going enhancements are included as intrinsic parts of the system. www.ggyaxis.com

Interactive Data SM, the Interactive Data logo, and BondEdge®, are service marks of Interactive Data Corporation.

For further information, please contact:
Interactive Data Corporation

Investors
Andrew Kramer, +1 781-687-8306
[email protected]

Media
Lisa Herbert, +1 310-479-9715
[email protected]

GGY
Bill Young
Tel: +1 416-250-6777
[email protected]

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