This new service assists consumers in analyzing the risk and volatilities of options in the US options market. The service represents an increased demand for risk-evaluating services following the increased risk and volatility of markets resulting from the global financial crisis.
After a decline in first quarter net income when compared to 2008, IDC revised its fiscal 2009 revenue outlook to reflect the current foreign exchange markets and its further potential for decreased growth. IDC reported net income of $31.9 million for the first quarter, down 1.1% from $32.3 million in the first quarter of 2008. Although IDC's revenue grew by 2% from 2008, its total costs increased by more, causing the decline in net income.
The Pricing and Reference Data business launched a new service to help customers analyze risk from their global exposure to businesses, industries, and regions. This new service reflects a growing demand for risk assesment tools following the increased volatility from the global financial crisis.
IDC announced that Raymond L. D'Arcy has taken the place of Stuart J. Clark as President and CEO. Clark is now serving as a company advisor before he retires as previously planned later in the summer of 2009.
