Interactive Data Corporation

{{Infobox company

| name = ICE Data Services

| logo = Interactive Data Logo.svg

| type = Private Company

| foundation = 1968

| location_city = Bedford, Massachusetts

| location_country = USA

| key_people = Mason Slaine, Chairman
Stephen Daffron, President and CEO
Jay Nadler, COO

| industry = Financial services

| revenue =

| num_employees = Approximately 2,500 worldwide

| owner = Intercontinental Exchange

}}

ICE Data Services (formerly known as Interactive Data){{cite news|first1=Michael J.|last1=de la Merced|newspaper=The New York Times|url=https://www.nytimes.com/2015/10/27/business/dealbook/nyse-owner-said-to-buy-interactive-data-for-5-2-billion.html|title=N.Y.S.E. Owner to Buy Interactive Data for $5.2 Billion|date=27 October 2015}} 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|date=January 2020}} 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.

Products

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.{{cite web|website=SEC.gov|url=https://www.sec.gov/Archives/edgar/data/1571949/000157104915008398/t83379_ex99-1.htm|title=Exhibit 99.1|quote=.. a trusted leader .. reference data}}{{cite book|title=Plunkett's E-Commerce & Internet Business Almanac 2009|first1=Jack W.|last1=Plunkett|year=2009 |quote=... Pricing and Reference Data .. INTERACTIVE DATA CORPORATION}}

History

=Timesharing services=

Founded in 1968 as a Waltham, Massachusetts-based{{cite news|url=https://www.nytimes.com/1985/10/19/business/chase-computer-raided-by-youths-officials.html|title=Chase computer raided by youths, officials|first1=David E.|last1=Sanger|date=19 October 1985}} time-sharing company, Interactive Data Corporation was acquired by Chase Manhattan Bank in 1974.{{cite news|newspaper=The New York Times|url=https://www.nytimes.com/1974/06/21/archives/gl-corp-plans-bid-for-stock-of-cerro-gl-corp-plans-bid-for-cerro.html|title=Chase Manhattan Bank And Interactive Data|first1=Herbert|last1=Koshetz|date=21 June 1974}}

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.NYTimes typo: Telestat: {{cite news|newspaper=The New York Times|url=https://www.nytimes.com/1984/12/28/business/interactive-data.html|title=Interactive Data|date=28 December 1984}}

=Data services=

In 2002 Interactive bought Merrill Lynch's securities pricing service.{{cite news|newspaper=The New York Times|url=https://www.nytimes.com/2002/01/03/business/company-news-merrill-lynch-sells-securities-pricing-service.html|title=Merrill Lynch sells securities pricing service|date=3 January 2002}}

Interactive Data became known as a supplier of financial market data and related offerings, "including data bases used for economic forecasting." 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{{cite news|last1=Holusha|first1=John|newspaper=The New York Times|title=Interactive Data to Move|url=https://www.nytimes.com/1997/10/30/nyregion/metro-business-interactive-data-to-move.html|date=30 October 1997}} owned 61% of the company.{{cite web | url=http://uk.reuters.com/article/pearson-idUKLDE60E08420100115| archive-url=https://web.archive.org/web/20160204100456/http://uk.reuters.com/article/pearson-idUKLDE60E08420100115| url-status=dead| archive-date=4 February 2016|title=Pearson confirms could sell $1.5 bln stake in IDC | work=Reuters | date=15 January 2010}} In 2010 the company announced the completion of its acquisition by two private equity firms, Warburg Pincus and Silver Lake Partners.{{cite press release |url=http://ir.interactivedata.com/phoenix.zhtml?c=95364&p=irol-newsArticle&ID=1454057&highlight=|title=Acquisition of Interactive Data Corporation Completed |publisher=Interactive Data Corporation

|date=29 July 2010}}

In 2015, Intercontinental Exchange announced the acquisition of Interactive Data Corporation from Warburg Pincus and Silver Lake Partners.{{cite web|url=https://www.reuters.com/article/us-interactivedatacorp-m-a-ice-idUSKCN0SK1QO20151026|title=ICE to buy market data firm Interactive Data in $5.2 billion deal|work=Reuters|date=26 October 2015}}

References

Category:Financial services companies established in 1968

Category:Privately held companies based in Massachusetts

Category:Financial data vendors

Category:Warburg Pincus companies

Category:Silver Lake (investment firm) companies

Category:1968 establishments in Massachusetts

Category:American companies established in 1968

Category:Financial services companies based in Massachusetts