Interactive Data Delivers Real-Time Data from BATS Trading to Clients
October 07 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 now offers real-time
last sale and quote data for all U.S. securities from BATS Trading
(BATS), operator of the third-largest U.S. equity market. The BATS
data is delivered to Interactive Data�s clients via PlusFeedSM, the
Company�s consolidated high-quality, low latency digital datafeed.
PlusFeed is designed to power algorithmic and electronic trading
applications. Interactive Data�s Managed Solutions business, which
designs, builds and hosts customized financial market information
systems, also offers a new ECN package to provide BATS data on the
Market Data Gateway. This fast and flexible open platform enables
the aggregation and normalization of financial market data from a
variety of sources. Clients can retrieve BATS data via PrimePortal,
Interactive Data�s solution for customized web-based applications
that provides visualization and analysis of real-time and delayed
financial data, and via PrimeTerminal, a customizable financial
terminal. Clients who utilize PrimeDeveloper, Interactive Data�s
comprehensive development services package, can obtain the ECN
package via several application programming interfaces. BATS
recently received approval from the U.S. Securities and Exchange
Commission to become a registered national securities exchange and
now has more than 10 percent matched volume traded in U.S.-listed
securities. Interactive Data�s data delivery mechanisms have been
designed to support the full BATS order book along with that of
BATS� European Markets division, expected to launch this fall.
�Interactive Data continues to see significant increases in trade
volumes as we connect to emerging exchanges such as BATS,� said Jay
Kilberg, managing director, Interactive Data Real-Time Services.
�Our ability to respond by delivering low latency real-time BATS
data coverage via PlusFeed, and through the market data platform of
our Managed Solutions business, underscores our commitment to
providing our clients with timely access to the most relevant
market centers as the securities industry landscape continues to
evolve and change.� "We are pleased with Interactive Data�s
commitment to providing real-time market data by using BATS� full
depth of book, including bids and asks at all price levels,� said
BATS Chief Executive Joe Ratterman. �The BATS data feed includes
critical real-time data elements which can help Interactive Data�s
clients to obtain a more comprehensive reference price for their
securities.� 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 customised financial
market information systems. Interactive Data Managed Solutions is a
leading provider and operator of customized financial information
systems. The group builds and manages Web-based financial market
data portals and terminals for a range of organizations worldwide,
from retail and investment banks to asset managers, online brokers,
stock exchanges and media portals. By aggregating a broad set of
financial data and client-proprietary content and offering visually
stunning features such as charts, sophisticated search functions,
decision-support tools and analytics, these intuitive applications
can help customers optimize their business processes and realize
efficiencies. Interactive Data Managed Solutions is managed as part
of the Interactive Data Real-Time Services business, which provides
a comprehensive suite of offerings that includes PlusFeedSM, a
consolidated, low latency digital datafeed. 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. PlusFeed is
a service mark of Interactive Data Real-Time Services. About BATS
BATS Trading is a subsidiary of BATS Holdings, an innovative global
financial markets technology company based in Kansas City, Mo.,
with additional offices in New York and London.�The BATS Trading
ECN platform was launched in January 2006 and is one of the
fastest-growing, top-tier equity markets in the United States. BATS
was recently approved by the Securities and Exchange Commission to
operate as a national securities exchange beginning in October
2008.�The company also plans a European launch in 2008 through its
wholly owned subsidiary based in London. The BATS platform is
internally developed by a dedicated core team of market and
technology professionals, catering to the needs of the
broker-dealer and trading community. BATS � Making Markets Better.
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