ICE Data Services (formerly known as Interactive Data) was an American 1960s-founded

Time-sharing In computing, time-sharing is the sharing of a computing resource among many users at the same time by means of multiprogramming and multi-tasking.DEC Timesharing (1965), by Peter Clark, The DEC Professional, Volume 1, Number 1 Its emergence ...

services company that later became known for providing financial

market data ''For market data as used in marketing, see marketing information system'' In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and ...

(

financial data vendor A financial data vendor provides market data to financial firms, traders, and investors. The data distributed is collected from sources such as stock exchange feeds, brokers and dealer desks or regulatory filings (e.g. an SEC filing). History F ...

), analytics and related solutions to financial institutions, active traders and individual investors. The company's businesses supply real-time market data, time-sensitive pricing, evaluations and

reference data Reference data is data used to classify or categorize other data. Typically, they are static or slowly changing over time. Examples of reference data include: * Units of measurement * Country codes * Corporate codes * Fixed conversion rates e.g ...

for securities trading, including hard-to-value instruments. The company was acquired by and folded into

Intercontinental Exchange Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russe ...

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.

History

Timesharing services

Founded in 1968 as a

Waltham, Massachusetts Waltham ( ) is a city in Middlesex County, Massachusetts, United States, and was an early center for the labor movement as well as a major contributor to the American Industrial Revolution. The original home of the Boston Manufacturing Company, ...

-based

time-sharing In computing, time-sharing is the sharing of a computing resource among many users at the same time by means of multiprogramming and multi-tasking.DEC Timesharing (1965), by Peter Clark, The DEC Professional, Volume 1, Number 1 Its emergence ...

company, ''Interactive Data Corporation'' was acquired by

Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and fi ...

in 1974. Like competitor

National CSS National CSS, Inc. (NCSS) was a time-sharing firm in the 1960–80s, until its acquisition by Dun & Bradstreet in 1979. NCSS was originally headquartered in Norwalk, Connecticut, but relocated to Wilton in 1978. Sales offices, data centers, and ...

(NCSS), their time-sharing service was based on IBM's

CP/CMS CP/CMS (Control Program/Cambridge Monitor System) is a discontinued time-sharing operating system of the late 1960s and early 1970s, known for its excellent performance and advanced features. It had three distinct versions: * CP-40/CMS, an im ...

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 The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company cha ...

's ''Telstat Systems'' division.

Data services

In 2002 Interactive bought Merrill Lynch's securities pricing service. 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 owned 61% of the company. In 2010 the company announced the completion of its acquisition by two private equity firms,

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

and Silver Lake Partners. In 2015,

announced the acquisition of Interactive Data Corporation from Warburg Pincus and Silver Lake Partners.

References

{{Authority control Financial services companies established in 1968 Privately held companies based in Massachusetts Financial data vendors Warburg Pincus companies Silver Lake (investment firm) companies 1968 establishments in Massachusetts American companies established in 1968 Financial services companies based in Massachusetts