Interactive Data Corporation
| Company type | Subsidiary |
|---|---|
| Industry | Financial services, Market data |
| Predecessor | Interactive Data Corporation |
| Founded | 1968 |
| Fate | Acquired by Intercontinental Exchange |
| Headquarters | Waltham, Massachusetts , United States |
Area served | Global |
| Products | Financial market information, analytical tools, valuation services, pricing solutions, derivatives offerings, Fair Value Information Services, market data feeds, trading infrastructure support, fixed income analytics, eSignal products, ESG data services |
| Owner | Intercontinental Exchange |
| Parent | Intercontinental Exchange |
ICE Data Services—previously known as Interactive Data—was an American enterprise established in 1968, recognized for delivering financial market information, analytical tools, and related services to traders, investors, and financial institutions. The firm provided real-time market data, pricing details, valuations, and reference information for securities trading, including sophisticated financial instruments. In December 2015, it was acquired by Intercontinental Exchange.
Products
Interactive Data's portfolio included valuation services, reference datasets, pricing solutions, derivatives offerings, Fair Value Information Services, low-latency market data feeds, trading infrastructure support, fixed income analytics, as well as web-based and desktop platforms. The company also marketed the eSignal suite of products and incorporated ESG data into its services. Its ESG segment featured quantitative risk metrics sourced from RepRisk, a global leader specializing in environmental, social, and governance risk analytics.
Timesharing services
Interactive Data began in 1968 in Waltham, Massachusetts as a time-sharing enterprise and was acquired by Chase Manhattan Bank in 1974.
Using IBM’s CP/CMS operating system for the IBM System 360 Model 67, IDC’s time-sharing service was similar to that of its competitor National CSS (NCSS). However, IDC concentrated on financial sector clients while NCSS served a wider range of customers.
In 1984, Chase expanded IDC’s capabilities by purchasing the Telstat Systems division from Western Union.
Data services
In 2002, Interactive Data strengthened its market position by acquiring Merrill Lynch’s securities pricing service. The company’s growth has been driven by strategic acquisitions that expanded its range of services, entered new markets adjacent to its core business, and increased its geographic footprint.
Pearson PLC previously owned a majority stake of 61% in the company. In 2010, private equity firms Warburg Pincus and Silver Lake Partners finalized their acquisition of Interactive Data. Five years later, Intercontinental Exchange acquired Interactive Data Corporation from Warburg Pincus and Silver Lake Partners for $5.2 billion.