Interactive Data 7ticks Continues Rapid Expansion of Ultra-Low Latency Trading Network
February 24 2010 - 9:30AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced the expansion of the Interactive Data 7ticks ultra
low-latency trading network to the East Coast. Interactive Data
7ticks, which is offered by Interactive Data Real-Time Services,
provides innovative electronic trading networks and managed
services.
This expansion of the Interactive Data 7ticks low-latency
trading infrastructure can enable equities and futures traders to
gain more direct access to additional key equities markets by
utilizing a single service provider with advanced co-location,
proximity hosting, real-time monitoring and technical support
capabilities for customers.
Interactive Data 7ticks has supplemented its existing presence
in the New York Metro area with connectivity to facilities located
in Carteret and Weehawken, New Jersey. It can now provide customers
with exchange co-location capabilities for access to leading
equities exchanges. In addition, customers will have proximity
hosting with some of these exchanges. Interactive Data 7ticks will
also be able to provide monitored low-latency domestic
telecommunications connectivity between its financial data center
hub located in Chicago and five locations in New York City and New
Jersey area.
“The expansion of our ultra low-latency trading network
infrastructure into the equities marketplace underscores our desire
to continue to help meet the needs of traders that require one-stop
connectivity to many of their key target exchanges for multi-asset
trading strategies,” said Joe Bigane, managing director for
Interactive Data 7ticks. “Traders requiring ultra low-latency
access to several of the closest exchange connections can look to
our firm as their single provider of this level of speed,
availability and technical support.”
This broadening of connectivity venues and hosting capabilities
is helping Interactive Data to advance its strategy for meeting the
evolving needs of its growing customer base of electronic traders.
The Company continues to build out its global ultra low-latency
trading network infrastructure, which can support a broader range
of high-quality direct exchange access and consolidated datafeed
services.
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 www.interactivedata.com.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2023 to Jul 2024