Interactive Data Enhances Real-Time Data Distribution Network
July 01 2008 - 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 has introduced its
new generation of the high-speed Titan Data Network. This real-time
data distribution network is based on IP Multicast, replacing the
existing Internet protocol suite (TCP/IP) to more effectively
manage rapidly growing data volumes. The Titan Data
Network-Multicast is designed to handle up to three million
messages per second � an increase of more than three times the
amount of current volumes � and to save additional milliseconds to
help improve latency. This infrastructure supports the delivery of
PlusFeedSM, Interactive Data�s consolidated low latency digital
data feed. Interactive Data has observed that market data volumes
have increased at least 90 percent annually for five of the last
six years. In April 2008 the Options Price Reporting Authority
(OPRA) predicted that firms taking in the OPRA feed directly would
experience bandwidth requirement increases of 50 percent in excess
of its original volume projections made in July 2007. Also, recent
OPRA forecasts revealed that these volumes could increase by an
additional 30 percent between July 2008 and January of 2009. NYSE
Euronext, NASDAQ OMX and MiFID have also been significant
contributors to growing market data volumes. The Titan Data
Network-Multicast is engineered to accommodate full OPRA and depth
of market data. �Interactive Data�s flexible technology
infrastructure can enable us to respond rapidly to significant
growth rate projections in data volumes that have been issued by
several key exchanges,� said Jay Kilberg, managing director,
Interactive Data Real-Time Services. �Exponentially growing market
data volumes, coupled with an essential need for improved latency,
continue to be important issues for our clients. Launching this new
generation of the Titan Data Network that employs the IP Multicast
protocol allows us to help clients address these issues now and in
the future.� In addition to rolling out the Titan Data
Network-Multicast, Interactive Data conducts ongoing capacity
planning reviews of its real-time technology infrastructure,
including its state-of-the-art ticker plant, data processors and
routers, to help support increased transaction rates and delivery
of a vast universe of data with low latency through PlusFeed. 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
real-time market data, time-sensitive pricing, evaluations and
reference data for millions of 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 2,300 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 digital 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
Data,SM PlusFeed and the Interactive Data logo are service marks of
Interactive Data Corporation.
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