Interactive Data and Pluris Partner to Provide Independent Valuations for Municipal Auction Rate Securities

Interactive Data, a provider of financial market data, analytics and related solutions, announced that its Pricing and Reference Data business now offers clients daily valuations for Municipal Auction Rate Securities (ARS) including Student Loan Auction Rate Securities (SLARS), from Pluris Valuation Advisors, a provider of market-based valuations of illiquid securities.

"Interactive Data continues to receive requests from clients for valuations of Municipal ARS, and our ability to work with a firm recognized for its capabilities in valuing these hard-to-value securities underscores our commitment to responding to client needs," said Shant Harootunian, managing director, Evaluations, Interactive Data. "Our Evaluated Services team has the depth of experience in providing daily valuations for a range of securities, and Pluris has the necessary data and valuation metrics to provide valuations for this particularly challenging asset class."

"Since the auctions for these securities began to fail last year, we have generated monthly and quarterly valuation reports based on ARS transactions including SLARS in the secondary markets," said Espen Robak, Pluris president. "Working with Interactive Data provides us a venue for utilizing our proprietary data and pricing algorithms to benefit clients that need daily pricing data."

Interactive Data is a provider of financial market data, 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 for millions of securities traded around the world, including hard-to-value instruments.

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