TradingScreen Brings New ''Ultra Low Latency in a Box'' Concept to Large Buy Side Traders by Integrating Interactive Data's Dire
June 19 2007 - 8:30AM
Business Wire
TradingScreen, cutting-edge provider of multi-broker, multi-product
trading platforms announces the integration of DirectPlusSM, the
fully managed ultra-low latency direct exchange data service from
Interactive Data Corporation�s (NYSE: IDC) Real-Time Services
business. DirectPlus is designed to provide access to sub-one
millisecond data from a range of sources, such as NYSE Openbook
(including �Best Quotes�), Nasdaq Level 1 and SingleBook, ArcaBook
and Direct Edge ECN. By offering access to this ultra-low latency
data directly within their platform, TradingScreen can help enable
customers to more efficiently develop and execute their algorithmic
trading strategies. �By integrating DirectPlus into TradingScreen�s
trading platform, we can provide a broad set of ultra-low latency
data that is designed to support customers� algorithmic trading
initiatives,� said Mark Hepsworth, president of Interactive Data
Real-Time Services. �We are delighted that TradingScreen has
selected DirectPlus, and believe that it will provide their clients
with the benefits of ultra-low latency data, while minimizing the
technology and cost burdens traditionally associated with
direct-to-exchange datafeeds.� Hepsworth continued, �Our
relationship with TradingScreen can also help Interactive Data
extend its reach among institutions such as hedge funds, a market
that we have been gaining momentum in over the past few years. With
the combination of DirectPlus and PlusFeed, Interactive Data�s low
latency global consolidated datafeed, we can offer a broad range of
institutions and technology providers with the data that they need
to help them create market winning applications.� �The Buy side
traders needs are rapidly evolving from traditional discretionary
trades to a more �in control� approach to trading through the use
of Direct Market Access and Algorithm trading, to achieve better,
more effective execution. To succeed in this new environment Buy
side traders need better, faster, more accurate market data. The
integration with Interactive Data�s DirectPlus ultra-low latency
direct exchange data service is one of the numerous steps that
TradingScreen is taking to provide the Buy side with some of the
best tools in the business. This new concept is designed to allow
for rapid deployment of low latency market data for our clients
following on our tradition of simplifying global markets,� says
Philippe Buhannic, President and CEO of TradingScreen.
TradingScreen�s flagship product, TradeSmart, is a customizable
front-end GUI (Graphical User Interface) that enables buy-side
clients to trade a broad portfolio of financial instruments, around
the clock, on any market and with a wide range of counterparties.
TradeSmart is unique in its ability to aggregate multiple-dealers
and multiple products onto a single screen format for electronic
order routing. Its ASP (Application Service Provider) model is
designed to enable very rapid deployment and activation of users
into live trading and incorporates comprehensive and intuitive
access to the proprietary algorithmic trading strategies offered by
many of the leading global brokers. TradeSmart also makes available
a number of the modules that support other order management
activities such as Allocations and Position and P&L tracking.
Interactive Data�s DirectPlus is a fully-managed ultra-low latency
direct exchange data service that utilizes sophisticated tools that
are designed to optimize data delivery, monitor bandwidth latency
and centrally implement data format and protocol changes, which can
help TradingScreen to minimize the costs and mitigate the
technology complexity that can be associated with
direct-to-exchange feeds. TradingScreen will co-locate their EMS
platform alongside DirectPlus at the New York metropolitan data
center of BT Radianz, a leading global provider of financial
services connectivity. Capturing data at the delivery point is
designed to help TradingScreen ensure ultra-low latency data
delivery to customers. For more information on TradingScreen, or to
request a demo, please contact TradingScreen at: US NY Sales: +1
212 349-4100 US Chicago Sales +1 312 447-0100 European Sales: +44
(0) 207 149 3102 Japan Sales: +81 (0) 3 4540-8500 Hong Kong Sales
+85 2251 2240 Or email us at sales@tradingscreen.com ABOUT
TRADINGSCREEN TradingScreen Inc. is accelerating the technical
evolution of the financial markets by providing a fully integrated,
customer-oriented trading service platform to institutional
investors. The proprietary TradingScreen platform links
institutional investors and sell side firms together to facilitate
order routing, execution management, clearing, and additional value
added services, such as real straight through processing and prime
brokerage enabling across all asset classes. TradingScreen provides
global coverage from offices in New York, Chicago, London, Paris,
Hong Kong and Tokyo. 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. Interactive DataSM and the Interactive
Data logo are service marks of Interactive Data Corporation.
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