Paladyne Systems Offers Interactive Data Pricing and Reference Data within its Leading Hedge Fund Technology Platform

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, and Paladyne Systems, LLC, a leading solutions provider for the hedge fund industry, today announced that Paladyne will utilize data from Interactive Data’s Pricing and Reference Data business in its front-to-back office hedge fund product suite.

The PALADYNE™ product suite includes order management, real-time profits and losses and portfolio management, portfolio accounting, custom reporting, data warehousing and analytics, and reference data management. By offering securities terms and conditions, corporate actions, and end-of-day pricing and evaluations data from Interactive Data Pricing and Reference Data within its hosted product suite, Paladyne can provide seamless and immediate access to data in order to meet the demanding operational and decision-support requirements of today’s hedge funds.

“We are very pleased to have integrated our pricing and reference data into Paladyne’s premier front-to-back office suite,” said Ray D’Arcy, president of sales, marketing and institutional business development, Interactive Data Corporation. “By working closely with Paladyne, we can provide a wide range of hedge funds with seamless access to our pricing and reference data. It is exciting to see that hedge funds and the technology vendors that support them are increasingly recognizing the importance of high-quality reference data within their operations. This relationship is yet another example of Interactive Data aligning itself with leading technology companies to provide financial institutions with comprehensive offerings that unite high-quality data and innovative software tools.”

“The relationship with Interactive Data makes our hosted PALADYNE suite more complete to the hedge fund industry,” said Sameer Shalaby, Chief Executive Officer, Paladyne Systems. “We are continually expanding the overall functionality of our hedge fund technology platform and by teaming with Interactive Data, we are able to provide our hedge fund customers with immediate access to comprehensive data across a full range of security types.”

The PALADYNE suite is available either as a fully hosted solution or as an on-site local installation.