Interactive Data Launches New Client Site Processor for Low Latency Delivery of Real-Time Market Data
January 26 2010 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced that its Real-Time Market Data and Trading Solutions
Group has launched a new version of its Client Site Processor
(CSP). The CSP supports the delivery of PlusFeedSM, Interactive
Data’s low-latency, consolidated global datafeed that is used by
financial institutions worldwide to power algorithmic and
electronic trading applications.
Interactive Data observed that market data volumes increased by
at least 90 percent annually for four of the last five years. The
Options Price Reporting Authority (OPRA) has also projected volumes
of 3.2 million messages per second for January 2010, rising by
nearly 30 percent to 4.1 million in January 2011.
In response to this market data volume growth, Interactive Data
developed the new version of its CSP, which is designed to handle
up to 9.4 million messages per second and to help clients improve
financial message processing performance by up to 70 percent. The
new CSP is engineered to accommodate full OPRA and depth of market
data and keep pace with current estimates of anticipated volume
growth until the first half of 2011. It has been enhanced with the
multicore capabilities of Intel’s Nehalem chip (Intel® 5500 series)
The CSP can also help PlusFeed clients control costs by supporting
a compact output format that reduces the server’s output by a ratio
of approximately 7:1.
The new CSP also supplies best-of-both logic with a new line
arbitration capability in which clients can feed two lines into the
CSP to help minimize gaps caused by network or telecommunications
problems. These gaps could result in missing data in the sequence
of the packets. This functionality is also available to clients
that utilize the high-speed Titan Data Network-Multicast,
Interactive Data’s real-time data distribution network that is
designed to handle up to 6 million messages per second and to help
clients save additional milliseconds and improve latency.
“Our clients are continually faced with significant growth in
market data volumes and are looking for ways to obtain low latency
data while controlling costs,” said Jay Kilberg, managing director
of Feed Solutions for Interactive Data. “The new CSP can enable our
clients to leverage their existing hardware resources in order to
accommodate the increased processing demands that result from
market data volume growth.”
PlusFeed delivers data on over six million securities from more
than 450 sources around the world, including multi-asset class
instrument coverage and extensive Level 2 data. It is also designed
to process every tick of OPRA data.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global
provider of financial market data, analytics and related solutions
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. Interactive Data, headquartered in Bedford, Mass., has
approximately 2,400 employees in offices located throughout North
America, Europe, Asia and Australia. 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.
For more information about Interactive Data Corporation and its
businesses, please visit the Company’s new website at
www.interactivedata.com
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