Interactive Data Delivers Real-Time Data for General Welfare Group's Algorithmic Trading Applications
December 12 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 a
wide-range of low-latency data to General Welfare Group. By
integrating Interactive Data�s PlusFeedSM into their proprietary
trading applications, General Welfare Group will have seamless
access to low latency data from the North American financial
markets. This data can help support General Welfare Group as they
design, develop and implement their innovative trading strategies.
General Welfare Group is a financial research and development firm
providing specialized, portable solutions designed to deliver
high-alpha returns for clients in the global investment community.
�We made the decision to switch from our previous data provider
because of the speed, data coverage and flexibility offered by
Interactive Data�s PlusFeed,� said Richard H. Cooper, managing
director, General Welfare Group. �We are very happy to be working
with Interactive Data and believe that their low latency data can
help us work towards our objective of delivering high-alpha returns
for our clients.� �By investing in our data collection and delivery
capabilities, we can offer a broad range of financial institutions
a compelling option for their real-time data needs,� said Mark
Hepsworth, president of Interactive Data Real-Time Services. �We
are pleased that General Welfare Group has decided to utilize
PlusFeed, and we are confident that Interactive Data�s low latency
data can help them to optimize their algorithmic trading
applications.� PlusFeed is a low latency consolidated real-time
digital datafeed that is designed to deliver 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 General Welfare
Group General Welfare Group is a financial research and development
firm providing specialized, portable solutions designed to deliver
high-alpha returns for clients in the global investment community.
The GWG investment team of financial scientists includes leading
researchers from diverse fields such as physics, quantum analytics,
statistics and engineering. Using their world-class mathematical
and analytical skills, these experts have developed investment
models that break the mold of the efficient markets approach and
can deliver portable high alpha returns. Using behavioral finance
theory, the GWG team has developed an array of advanced algorithmic
models that are highly scalable as well as applicable to global
markets. GWG provides access to its existing models or works with
clients to develop new approaches such as custom overlay solutions.
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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