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.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Interactive Data Charts.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Interactive Data Charts.