Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that it has named Jeffrey L. Torchon to the newly created position of exchange traded funds (ETFs) global market manager. Torchon, age 49, is responsible for providing global leadership related to product strategy, innovation, sales development and operational efficiencies for Interactive Data’s offerings within the ETF and exchange-traded structures marketplace. He is based in New York City and reports to Jeff Banker, executive vice president, Real-Time Market Data and Trading Solutions for Interactive Data. Torchon has more than 25 years of experience in the financial services industry, including more than 10 years of ETF industry expertise. He served most recently as senior vice president and head of marketing for ETFs at Northern Trust (NASDAQ:NTRS), where he oversaw marketing efforts related to the Company’s launch of its ETF business. Torchon also served as principal and head of web strategy for Barclays Global Investors (now BlackRock, NYSE: BLK), where he led the planning and launch of several websites, including www.iShares.com for the Company’s global ETF businesses. He has also held positions with Charles Schwab and Co., Inc., Merrill Lynch and several other financial services companies. Torchon has a B.S. in finance from San Diego State University. “Jeff’s extensive background in financial services, and specifically in promoting ETFs to a broad industry sector, made him the ideal choice to manage our strategy of providing innovative services for ETFs and exchange-traded structures,” said Jeff Banker. “We believe that creating this new role can help enable Interactive Data to broaden and enhance our expansive set of offerings aimed at this industry segment.” Over the past two years, Interactive Data has expanded its offerings for ETFs and exchange-traded structures.
The Company recently launched ETF CenterSM, a fully-hosted and customizable Web-based portal that Registered Investment Advisors (RIAs) and wealth managers can integrate into their own websites and other online applications. ETF Center is a one-stop resource for real-time and end-of-day market data and analytical tools for U.S. ETFs.
Interactive Data’s innovative Basket Calculation ServiceSM performs ETF Center’s calculations, utilizing a variety of market inputs based on Interactive Data’s proprietary fixed income evaluations and real-time equity pricing data from global exchanges to calculate and deliver intra-day indicative valuations in seconds. Interactive Data currently calculates and disseminates intra-day indicative valuations for baskets of securities to a range of clients, including three of the five largest ETF sponsors 1, via the Basket Calculation Service.
The Company also offers intra-day indicative valuations for equity and fixed income ETFs, exchange traded notes (ETNs) and index values that include equities, fixed income securities, currencies and commodities.
About Interactive Data Corporation Interactive Data Corporation (NYSE: IDC) is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data’s offerings can help clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has more than 2,400 employees in offices worldwide. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, is Interactive Data’s majority stockholder.