Interactive Data's Low Latency Feed Benefits from Greatly Enhanced Global OTC Content
July 02 2007 - 4:30AM
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 has enhanced its low
latency, digital PlusFeedSM service with the addition of new global
OTC content and a remodelled, institutionally-oriented
representation of existing data sourced from Tullett Prebon
Information, a leading provider of independent real-time price
information from the wholesale inter-dealer brokered financial and
commodity markets. Interactive Data�s PlusFeed now offers a much
broader range of fixed income, capital and money markets content
through the additional content provided by Tullett Prebon
Information. Data includes ATM interest rate options and swaptions;
benchmark and off-the-run government bonds; credit default swaps
(CDS); FX options; inflation derivatives; interest rate swaps
(IRS); mortgage data; out-of-the-money swaptions and IR option
surfaces; spot FX, forward FX, NDFs and cash deposits. This complex
data is clearly presented for ease of use by financial institutions
worldwide. David Hann, general manager, EMEA, Interactive Data
Real-Time Services, commented: �We have enhanced and revamped the
content based on our customers� requests and believe that the end
result offers a compelling service for financial institutions that
require a low latency, consolidated feed with wide-ranging coverage
and clear data representation such as that sourced from Tullett
Prebon Information. This data is increasingly being used in areas
such as pre-trade analytics, risk management, mark-to-market and
algorithmic trading.� Frank Desmond, head of Europe and Asia at
Tullett Prebon Information, added: �We have been working with
Interactive Data for many years and are pleased with the new
representation of our data via PlusFeed. Our comprehensive coverage
of the global OTC markets draws on the presence of our brokerage
division, Tullett Prebon, in 23 countries in both the developed and
emerging markets, as well as on our own dedicated global pricing
team.� Interactive Data offers institutions a suite of services for
their real-time needs. This includes PlusFeed, the 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
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 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 PlusFeedSM, a consolidated, low latency datafeed. Also
managed as part of this business is Interactive Data Managed
Solutions, a leading provider and operator of customised 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. About
Tullett Prebon Information Tullett Prebon Information Limited is a
leading provider of real-time price, intraday and end of day
information from the wholesale inter-dealer brokered financial
markets. The data is delivered via industry leading information
vendors and also via direct feeds to some of the world�s largest
financial institutions. The information is relied upon by market
professionals around the globe for the purposes of trading,
derivatives and FX pricing, risk management and portfolio
valuations. Tullett Prebon Information�s data coverage spans the
whole OTC spectrum including Rates, Fixed Income, FX and Money,
Credit, Energy, Environment and Volatility. Tullett Prebon
Information is a wholly owned subsidiary of Tullett Prebon plc, a
fully diversified interdealer broker with leading positions in
global fixed income securities, money markets, capital markets,
energy, and credit and associated derivative products. For more
information about Tullett Prebon please visit www.tullettprebon.com
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