PlusFeed Now Available on Interactive Data 7ticks Network
May 17 2010 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced the availability of PlusFeedSM, its low-latency,
consolidated global datafeed, on the Interactive Data 7ticks
network. Interactive Data 7ticks is a global provider of managed
ultra-low latency services to help facilitate electronic
trading.
The availability of PlusFeed via Interactive Data’s network
provides clients with two new options for accessing low-latency
global market data. Interactive Data has data centers located in
key global financial markets, which can enable clients to co-locate
their trading applications at these data centers, while accessing
PlusFeed through simple and inexpensive cross-connections. Clients
can also control costs by accessing PlusFeed from their own
location via a leased line or virtual private network (VPN)
connection to Interactive Data’s closest data center. PlusFeed is
available from 8 data centers located in key financial markets,
including metropolitan New York, and Chicago. PlusFeed is expected
to be available via data centers in London and Frankfurt by the end
of the second quarter this year.
Interactive Data also provides a wide range of integrated
managed services to firms engaged in electronic trading. These
include advanced co-location, proximity hosting, application
hosting and management, ultra low-latency monitoring, connectivity
to trade execution venues, and technical support.
“Electronic trading clients can look to us as a single service
provider of an integrated platform consisting of direct and
consolidated market access in major markets, cost-effective
delivery mechanisms, latency reduction, and complementary services
for management of real-time data,” said Joe Bigane, managing
director for Interactive Data 7ticks. “The availability of PlusFeed
on our high performance managed trading network expands our suite
of electronic trading infrastructure services. It can also allow us
to play a larger role in managing the process of obtaining and
utilizing data from end to end for our fast growing client base of
electronic traders.”
Interactive Data also recently announced the expansion of its
ultra low-latency trading network to the East Coast. This expansion
can enable equities and futures traders who subscribe to
Interactive Data 7ticks services to gain more direct access to
additional key equities markets through co-location and proximity
hosting.
PlusFeed delivers low-latency 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 utilized by a wide range of trading applications in
conjunction with direct datafeeds to access global markets data as
well as underlying reference data.
Interactive Data 7ticks is offered by Interactive Data Real-Time
Services.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a trusted leader in
financial information. Thousands of financial institutions and
active traders, as well as hundreds of software and service
providers, subscribe to our fixed income evaluations, reference
data, real-time market data, trading infrastructure services, fixed
income analytics, desktop solutions and web-based solutions.
Interactive Data’s offerings can help clients around the world with
mission-critical functions, including portfolio valuation,
regulatory compliance, risk management, electronic trading and
wealth management. Interactive Data is headquartered in Bedford,
Massachusetts and has more than 2,400 employees in offices
worldwide. Pearson plc (NYSE: PSO; LSE: PSON), an international
media company, is Interactive Data’s majority stockholder.
For more information, please visit www.interactivedata.com.
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