Interactive Data Delivers Real-Time Data to BNY ConvergEx Group's Comprehensive Trading and Investment Technology Platform
July 17 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 data to BNY ConvergEx Group�s trading and investment
technology platform. BNY ConvergEx Group provides leading global
agency brokerage and investment technology solutions to hedge
funds, money managers, broker-dealers, corporations and plan
sponsors. ConvergEx�s broad array of services delivers a
comprehensive, integrated platform of performance-driven trading
capabilities, supported by sophisticated technology and a
consultative approach. Core competencies include execution and
liquidity management, investment technologies, transition
management, research and commission management, and intermediary
and clearing services. Through an integration with PlusFeedSM,
Interactive Data�s low latency consolidated datafeed, BNY ConvergEx
Group can provide its clients with comprehensive data needed to
assist them in making informed financial decisions. Interactive
Data will initially deliver a broad range of data for global
equities, futures and derivatives, as well as extensive global
Level II data, directly into BNY ConvergEx Group�s comprehensive
platform. "The complexity and evolving nature of today�s financial
markets makes it essential to have high-quality data and execution
tools on one trading platform," said Joseph M. Velli, chairman and
chief executive officer of BNY ConvergEx Group. "The combination of
ConvergEx�s technology and Interactive Data's universe of market
data will provide our clients with the ability to make more
informed investment decisions.� �By offering access to a broad
range of real-time data from directly within its comprehensive
platform, BNY ConvergEx can provide its clients with the tools and
information they need to help them improve their workflow and make
data-driven decisions,� said Mark Hepsworth, president of
Interactive Data Real-Time Services. �We are very pleased to be
working with BNY ConvergEx Group to help them provide their clients
with an innovative, powerful solution that is designed to meet
their requirements. Our investments to enhance PlusFeed and our
data distribution network in recent years have helped make
Interactive Data a premier option for a companies seeking to use
global, low latency data for their financial applications.�
PlusFeed delivers high-quality, low latency data from more than 450
sources and exchanges worldwide, covering in excess of 3.4 million
securities. In addition to real-time quote and trade data for
equities, derivatives, fixed income, foreign exchange, commodities
and funds, PlusFeed delivers a wide range of other information
including reference data, fundamental data, historical data and
financial news. PlusFeed is designed to power mission critical
electronic market data applications, including algorithmic trading
engines, where speed is crucial. 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, is Interactive Data Corporation's
majority stockholder. 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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