Interactive Data Corp.

Benchmark Solutions, a bond-pricing data provider, is winding down operations after losing support from private-equity backer Warburg Pincus, according to people familiar with the matter.About 50 employees at Benchmark were told last week that Thursday would be their last day, while the company's offices will close on March 15, current and former employees said. The company had tried to sell itself over the last few months and is still reaching out to potential buyers of its intellectual property, these people said.Benchmark was in the business of selling intraday bond prices that were updated every 10 seconds, much faster than dealers provide to their customers. Its aim was to bring customers the sort of pretrade price transparency they have in the stock market, so they could discover new trading opportunities and better understand the value of their positions before trading.Benchmark was founded in 2009 with funding from Warburg.At one point the company had around 70 employees and a ...

Read More ›