Interactive Data, a provider of financial market data, analytics and related services, has announced that its pricing and reference data business has unveiled a Business Entity Service to assist clients in analyzing risk from their global exposure to various entities, industries and regions.
The company said that this service is also designed to help meet clients’ requirements for compliance under a variety of industry regulations such as Basel II, UCITS III, the EU Third Money Laundering Directive, MiFID, and the USA Patriot Act. The service complements an existing service for business entity data that Interactive Data launched in Europe in 2006.
The company also said that Business Entity Service can provide clients with business entity information alongside Interactive Data’s broad range of security level reference data for the US and international equities and bonds, including corporate, government and agency securities.
Business Entity Service is expected to help clients to obtain a complete picture of the corporate hierarchy of an entity in order to understand its capital structure and region-based risk exposure, as well as perform pre- and post-trade technical analysis, said Interactive Data.
Robin Simpson, managing director of reference data for Interactive Data, said: Our Business Entity Service, supported by our broad universe of reference data, can help our clients better understand an entity’s capital structure, as well as those of its affiliates.
