Interactive Data Launches PlusFeed Select for Real-Time Global Market Data Delivery
August 11 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 launched
PlusFeed SelectSM, a cost effective hosted �watch list�-based
datafeed delivered via a secure, lease line equipped with
encryption technology. PlusFeed Select is designed specifically for
organizations that may have limited real-time data requirements but
still need to draw from a variety of market sources and asset
classes including equities, foreign exchange, fixed income,
commodities and derivatives to obtain this data. Interactive Data
believes this new service can benefit a variety of institutions
including hedge funds, order management systems, portfolio
managers, third party application providers, web sites, and firms
that require only subset of data from a single exchange with a mix
of active and inactive instruments. PlusFeed Select is an extension
of PlusFeedSM, Interactive Data�s consolidated high-quality, low
latency digital datafeed that powers algorithmic and electronic
trading applications. With PlusFeed Select, clients can leverage
the real-time multi-asset class data capabilities of PlusFeed to
extract a subset of data from more than 450 sources and exchanges
worldwide, covering in excess of 5 million financial instruments.
Users of PlusFeed Select can benefit from significantly lower
communications costs compared to a deployed solution at a client
site through Interactive Data�s hosted environment for delivery of
datafeeds. The product is delivered via dedicated circuits over BT
Global Financial Services� Radianz network. �Interactive Data
launched PlusFeed Select as a secure solution that can help clients
address the growing costs resulting from the exponential growth in
market data volumes,� said Jay Kilberg, managing director,
Interactive Data Real-Time Services. �This service can allow
clients to cost effectively access a watch list of instruments from
a universe of more than five million instruments with the requisite
low latency to support their applications.� PlusFeed Select is
supported by Interactive Data�s real-time technology
infrastructure, including its state-of-the-art ticker plants.
PlusFeed Select is distributed via Interactive Data�s high-speed
Titan Data Network-Multicast, which is designed to handle up to
three million messages per second to help improve latency. �As
market data volumes continue to rise at a rapid pace, the costs
that companies incur to obtain real-time data are increasing
significantly as well,� said Tom Price, research director,
Securities & Capital Markets for TowerGroup. �Market data
solutions which provide a targeted set of real-time data extracted
from a broad universe of financial instruments could contain costs
and potentially reduce certain elements of data latency.� 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 Corporation is celebrating its 40th
anniversary in 2008. 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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