Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced enhancements that expand the wide range of data and services that financial institutions can access seamlessly over the Internet. These enhancements, which support Software as a Service (SaaS) Cloud-based computing, include a comprehensive suite of real-time streaming modules as well as robust, pre-defined software components designed to be integrated into nearly any IT infrastructure.
By developing their own applications or accessing web-based applications hosted on Interactive Data’s world-class technical infrastructure, clients have enjoyed a multitude of benefits for many years from Interactive Data’s Cloud. In addition to customized workflows and simplified design integration, Interactive Data’s Cloud can help financial institutions reduce costs by outsourcing market data content collection and delivery, along with managing the technology infrastructure and staff needed to run, manage and maintain related applications. Interactive Data estimates that the delivery of content and infrastructure management through its Cloud can reduce the price point by up to 65 percent compared to an institution’s legacy market data workstations.
Interactive Data’s flexible data conflation and hibernation settings permit clients to access only the data they require, which can help to reduce bandwidth costs while improving network utilization. Interactive Data’s Cloud also features centrally managed upgrades and maintenance for data applications, enabling clients to gain timely access to enhanced services.