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PRINT-FRIENDLY VERSION Stuart J. Clark President and Chief Executive Officer Interactive Data Corporation Interviewed on 07/09/2008 Provide an overview of Interactive Data: Interactive Data Corporation is a trusted provider of financial high quality financial data and analytics that we provide to thousands of institutions and active traders all around the world. Our clients use our information to help them in areas of valuations, in areas of trading operations; to help them with their reference data needs; and, more recently, to help them with their wealth management needs as well. We’re a long-standing business. There are some parts of our business that go back to the 1960s. We’ve only been listed here on the New York Stock Exchange for five years. This is actually our fifth anniversary of our listing; and that five years has been one, has been a period of significant growth for the company. Where do growth opportunities exist for Interactive Data? We think we’ve got some great opportunities for growth in the future; most of them relate to the areas that we’re best known for. One of those is valuation. We help clients with their valuation applications every day through the data and analytics that we provide. We see opportunities there to provide more content on alternative investments, on derivatives, and that type of security. Then we see opportunities to help clients in their needs for reference data. As risk management needs grow each year because of the amount of regulation that clients have to face, they need more and more reference data, descriptive data, on securities from around the world to make those risk management applications work. We’re a leading provider of that information and we see lots of opportunities for growth there. The third area is in clients trading operations where you’ve seen a move away from services for individual traders and more towards delivery of very, very fast real time content for use within algorithmic or black box trading applications. The work we’re doing on developing our services there we think will give us the leading product of its kind and generate opportunities for us. The fourth area is in what we would classify was wealth management – where banks and other organizations are looking for a product that they can use to sell their service to their customers, a desktop solution let’s call it, that they don’t have to manage; but, at the same time, is distinguished just for them and so gives them differentiation in the service that they provide. We have a managed solutions component of our business that customizes products for customers and that gives this differentiation for the clients that they need. And then, lastly, these capabilities that we have in these four different areas, we’re finding that more and more we can join them together and provide more of an enterprise-wide solution for our customers; and especially as the world gets smaller as clients need to move more and more data and analytics around the world, being able to combine all of these capabilities and offer the customers an enterprise-wide solution we think offers some great opportunities for us as well. What is eSignal? eSignal is the desktop trading tool of Interactive Data. It consists of a combination of real time market data, of trading tools, delivered through the Internet and used by more than 60,000 active traders, individual investors, and even some institutional investors as well. The beauty of the product is it gives the customers access to global market data on equities, stocks in general, commodities, futures, foreign exchange, and other money market information. The data is delivered extremely quickly; and the trading tools include advanced charting, they include an ability to create your own formulas for investing; and it really is the leading product of its kind. What is an important business lesson you have learned? The most important business lesson I have learned is just how important judgment is in the business process – and this wasn’t something I learned from a book, it was something I learned through hard experience. You spend all sorts of periods of your career where you’re listening to ideas. At times all ideas sound great; but some ideas feel good, some ideas don’t feel so good; and I think experience in the end tells you that those that feel good are probably the ones that work. Those that don’t feel good are the ones that probably won’t work; and, to me, that’s judgment. So applying judgment myself has been a key lesson I have learned; and also looking for people in the right positions in the company who have that same ability to trust their judgment, go with their judgment, and to be accountable for their judgment. About NYSE 4 ON THE FLOOR: The New York Stock Exchange is proud to produce NYSE 4 ON THE FLOOR, an exclusive web-cast interview program featuring the foremost decision makers, executives and leaders of our time. As the center of global business, the NYSE is in a unique position to bring you unparalleled access to these extraordinary men and women. Now, through NYSE 4 ON THE FLOOR, we are able to share their expert industry perspectives, as well as candid thoughts about issues that affect us all, such as management, communication, learning, growth and professionalism. |
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