Interactive Data Corporation has signed an agreement to acquire S&P ComStock for $115 million in cash. ComStock provides real-time financial data, news, historical information and software applications. IDC plans to leverage this real-time information with its own end-of-day, snapshot and historical data services. The deal is expected to close at the end of February.
Separately, Standard & Poor's has launched its RatingsDirect 4.0 Web-based global- credit-information service. The enhanced version offers improved customization tools to streamline access to the latest credit-market developments. The portfolio feature of RatingsDirect 4.0 now allows users to create up to 50 portfolios that can file up to 2,000 securities or issuers each. In addition, users can now receive e-mail alerts on predetermined areas of interest.
Reuters has entered into an agreement with CreditTrade to provide its benchmarks credit-derivatives-data service to Reuters customers. The CreditTrade Benchmarks prices will be accessible through a number of Reuters offerings, including Reuters 3000 Xtra. Subscribers can view, download and integrate credit default swap (CDS) data into their existing systems. The CDS information can be used by Reuters customers in model calibration, product control and mark-to-market activities. In addition, Reuters announced that over 225,000 users in over 100 countries have registered for Reuters Messaging, its new instant-messaging service.