Interactive Data, a provider of financial market data, analytics and related solutions, has released the Real-Time Fair Value Information Service. The service, which will be available in the second quarter of 2011, will provide real-time evaluated prices for more than 15,000 international equities throughout the trading day. These streaming evaluated prices reflect an independent opinion of international equity prices that would likely prevail following the close of local markets.
The service will also be offered as a premium input to the company’s Basket Calculation Service, which provides intraday indicative values (IIVs) for exchange traded structures and values for market indices. This will enable exchange traded fund (ETF) sponsors and index providers to provide fair value adjusted IIVs throughout the day to the investment community.
“Investors need a way to assess the fair value of ETFs on an intraday basis, and this has been a challenge for more than a decade,” said Matt Hougan, president of ETF analytics for IndexUniverse, an independent authority on ETFs, indexes and index funds. “Interactive Data’s real-time fair value adjustments represent a significant step forward for the ETF industry, and will help investors make more informed decisions.”
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