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.”