Interactive Data Delivers Real-Time Data to HedgeStreet's Online Trading Marketplace
March 13 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 provide
real-time foreign exchange data to HedgeStreet�s online trading
marketplace. HedgeStreet� (http://www.hedgestreet.com), the first
person-to-person all-electronic, government-regulated online
financial exchange, can now offer its customers seamless access to
a broad range of high-quality real-time foreign exchange data that
is aggregated by Interactive Data�s GTIS from 170 market
participants around the globe. GTIS is a premium service delivered
through Interactive Data�s PlusFeed. Customers can utilize this
data to monitor the performance of their HedgeStreet portfolios and
to make investment decisions. �We are delighted that HedgeStreet
has selected Interactive Data�s high-quality real-time data for use
in their offerings,� said Don Finucane, vice president of marketing
and product management, Interactive Data Real-Time Services. �We
believe that HedgeStreet has developed an innovative Web-based
platform, and look forward to continuing to support their efforts
of bringing derivatives trading to the retail market.� �After a
comprehensive review of potential data providers, we selected
Interactive Data�s PlusFeed for data quality, breadth and depth of
coverage, and flexibility,� said Ravi Viswanath, chief technology
officer, HedgeStreet. �We are excited to work with a company that
can offer us seamless access to a vast universe of high-quality
global data to support our ever-expanding offerings.� Interactive
Data offers institutions a suite of services for their real-time
needs. This includes PlusFeed, a real-time digital datafeed service
that delivers financial information to power mission critical
electronic market data applications, including algorithmic trading
engines where speed is crucial. PlusFeed provides data from over
450 sources and exchanges worldwide, and covers in excess of 3.4
million securities. About HedgeStreet HedgeStreet Inc. is the only
U.S. designated market that lets online investors trade innovative
financial instruments based on economic events. A designated
contract market (DCM) and a registered derivatives clearing
organization (DCO), HedgeStreet is subject to regulatory oversight
by the Commodity Futures Trading Commission (CFTC). For more
information, visit www.hedgestreet.com. 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 Corporation and its businesses, please visit
www.interactivedata.com.
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