Interactive Data to Offer New Direct Exchange Ultra-Low Latency Data Service
March 06 2007 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics, and related services, today
announced that its Real-Time Services business will offer
DirectPlus, a new ultra-low latency direct exchange data service.
The service, which is planned for release in the second quarter of
2007, is designed to provide customers with access to sub-one
millisecond data for powering a range of low latency financial
applications, including algorithmic trading engines and order
management systems. DirectPlus is a fully managed service that
leverages Interactive Data�s high-performance ticker plant for
delivering ultra-low latency data despite massive increases in data
volume. It utilizes sophisticated tools designed to ensure data
quality and optimal latency, and centrally implements exchange data
format and protocol changes, which can help eliminate the need for
customers to deal with these issues. DirectPlus also monitors
bandwidth capacity, which is designed to ensure that all incoming
exchange lines and feeds to customer applications have the
necessary capacity. With these features, DirectPlus is designed to
help customers overcome a range of challenges, including the
high-costs and complex technology that are often associated with
establishing direct-to-exchange feeds. Upon its release, DirectPlus
data coverage will include NYSE Openbook (including �Best Quotes�),
Nasdaq Level 1 and SingleBook, ArcaBook and Direct Edge ECN.
Interactive Data plans to continue to expand the universe of direct
data delivered through DirectPlus. In addition to ultra-low latency
data from these sources, Interactive Data offers customers a range
of other optional services that complement DirectPlus. These
include: global exchange data from the over 450 sources available
via PlusFeed, Interactive Data�s real-time consolidated feed, tick
histories, global news, reference data, corporate actions,
fundamental data, calculated indicators and OTC market data. By
providing access to multiple liquidity pools, ultra-low latency
data and offering a seamless integration into a comprehensive tick
history database, DirectPlus can be used by customers as they seek
to meet the �best execution� compliance mandates stipulated by Reg
NMS. DirectPlus will be hosted at the New York metropolitan data
center of BT Radianz, a leading global provider of financial
services connectivity. By utilizing Radianz Proximity Solution in
New York, customers can co-locate their applications alongside
DirectPlus, which can enhance ultra-low latency by capturing data
directly at the delivery point. �Historically, it had been very
expensive and technically challenging for firms to establish
direct-to-exchange datafeeds for their low-latency financial
applications,� said Mark Hepsworth, president of Interactive Data
Real-Time Services. �With DirectPlus, we will provide customers
with a turnkey offering that leverages Interactive Data�s expertise
in the collection and delivery of ultra-low latency data within the
secure hosting environment provided by BT Radianz. This new
offering is designed to help a broad range of clients, including
hedge funds and buy- and sell-side firms, more quickly and cost
effectively access and utilize sub-one millisecond data for their
most innovative financial applications. And because DirectPlus is
fully-managed, we remove significant technology burdens from
customers, freeing up more of their time to focus on their core
strengths of developing and enhancing proprietary financial
systems. We are also offering a range of other services to support
their trading strategies.� About Interactive Data Corporation
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, Interactive Data
Pricing and Reference Data, Interactive Data Real-Time Services,
Interactive Data Fixed Income Analytics, and eSignal, the Company
has approximately 2,200 employees in offices located throughout
North America, Europe, Asia and Australia. The Company is
headquartered in Bedford, Mass. 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. Interactive Data Real-Time Services
is a leading provider of real-time global market data to financial
institutions, redistributors and online financial portals
worldwide. Offerings from Interactive Data Real-Time Services
include PlusFeed, a consolidated, low latency datafeed. Also
managed as part of this business is Interactive Data Managed
Solutions, a leading provider and operator of customized financial
market information systems. For more information about Interactive
Data and its businesses, please visit www.interactivedata.com.
Interactive DataSM and the Interactive Data logo are service marks
of Interactive Data Corporation.
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