Interactive Data Selects BT Radianz for Distribution of Market Data Services
June 21 2006 - 8:30AM
Business Wire
BT Radianz, one of the leading global providers of financial
services connectivity, announced today that ComStock, an
Interactive Data business (NYSE: IDC) and a leading provider of
real-time global market data, will use BT Radianz's shared market
infrastructure to expand access to its market data services to
include PlusFeed, ComStock's high-speed digital data feed, in both
Europe and North America. Leading banks, brokerages and money
management firms use ComStock's high-speed, real-time financial
information globally to power their revenue critical market data
applications. Distribution through BT Radianz can enable ComStock
to reach more than 10,000 financial institution locations around
the world. Mark Hepsworth, president, ComStock, said: "BT Radianz's
broad connectivity will make it easier and add a compelling reason
for institutions to take ComStock's PlusFeed. With the substantial
increases in algorithmic trading and data volumes, the BT Radianz
offering - low latency, resilient, scalable, fully redundant,
external connectivity - becomes even more important. The continuing
trend in algorithmic trading to move from directional to
event-driven models has reinforced the need for a consolidated feed
that offers both contributed and exchange-based low latency quotes,
news and reference data. We deliver real-time data from over 350
sources and exchanges worldwide, covering more than 2,300,000
instruments." Kevin Covington, Head of Product Development, BT
Radianz, said: "Connectivity continues to be a key factor in the
investment process, particularly when access to fast, reliable
market data is necessary to maintain a strong position in the
market. With the growth of algorithmic trading and the new policies
proposed by both MiFID and Reg NMS, achieving the lowest possible
latency is a major industry issue our customers need to address. We
have constructed a network which is designed to facilitate fast,
direct access for the distribution of this vital market information
that will assist our customers both in their compliance with new
market regulations and in maintaining the competitive edge." At a
ComStock-hosted roundtable on the growth of algorithmic trading and
its effect on market data feeds, a key issue discussed was the
critical challenge surrounding the integration of market data into
algorithmic trading applications, which are consistently varied and
rewritten. Integration of market data into algorithmic trading
applications is vital, and one of the biggest challenges is to
manage the rapid growth of data volumes coming from the exchanges
and other sources. (More information about the roundtable is
available at:
www.ftinteractivedata.com/news_events/newsletters/connect/2006/winter/
index.shtml) About Interactive Data Interactive Data Corporation
(NYSE: IDC) is a leading global provider of financial market data,
analytics and related services to financial institutions, active
traders and individual investors. The Company's businesses supply
time-sensitive pricing, evaluations, dividend, corporate action and
reference data for more than 3.5 million securities traded around
the world, including hard-to-value instruments. Many of the world's
best-known financial service and software companies subscribe to
the Company's services in support of their trading, analysis,
portfolio management and valuation activities. Through its
businesses, FT Interactive Data, ComStock, CMS BondEdge and
eSignal, Interactive Data has approximately 2,200 employees in
offices located throughout North America, Europe, Asia and
Australia, and is headquartered in Bedford, MA. Pearson plc (NYSE:
PSO; LSE: PSON), an international media company, whose businesses
include the Financial Times Group, Pearson Education, and the
Penguin Group, owns approximately 62 percent of the outstanding
common stock of Interactive Data Corporation. ComStock is a leading
provider of real-time global market data and managed solutions to
financial institutions, redistributors and online financial portals
worldwide. ComStock's suite of services ranges from a consolidated,
low latency data feed, to tools for building, managing and hosting
customized applications. For more information about the ComStock
business, please visit www.interactivedata.com. About BT Radianz BT
Radianz is one of the leading providers of secure, reliable, and
scalable connectivity and hosting to the global financial services
community. BT Radianz's shared market infrastructure offers a
platform optimized for the time-critical demands unique to
financial services. The BT Radianz network connects more than
10,000 financial sites around the world through a single,
redundant, fully-managed connection, while also providing access to
more than 400 pre-trade, trade, and post-trade applications from
nearly 200 of the world's leading content and service providers
across the straight-through processing (STP) chain. BT Radianz is
part of BT Global Services. One Community One Connection One Focus
www.btradianz.com About BT BT is one of the world's leading
providers of communications solutions and services operating in 170
countries. Its principal activities include networked IT services,
local, national and international telecommunications services, and
higher-value broadband and internet products and services. BT
consists principally of four lines of business: BT Global Services,
Openreach, BT Retail and BT Wholesale. In the year ended 31 March
2006, BT Group's revenue was GBP 19,514 million with profit before
taxation of GBP 2,040 million. British Telecommunications plc (BT)
is a wholly-owned subsidiary of BT Group and encompasses virtually
all businesses and assets of the BT Group. BT Group plc is listed
on stock exchanges in London and New York. For more information,
visit www.bt.com/aboutbt
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2023 to Jul 2024