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Growing Number Of Hedge Funds Choose Interactive Data’s High-Quality, Low Latency Datafeed to Power Algorithmic Applications
Interactive Data Now Delivers Low Latency Data to More than 50 Hedge Funds Around the World
10 September 2007 - New York and London
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Real-Time Services business has gained greater share in the global hedge fund market, as it now delivers low latency data to more than 50 hedge fund customers in the U.S. and Europe.
These hedge funds have selected Interactive Data’s PlusFeedSM as a source of high-quality, low latency data for their algorithmic and electronic trading applications. With PlusFeed, customers can have access to a broad range of low latency data from over 450 sources and exchanges worldwide, covering in excess of 3.4 million securities.
At the core of Interactive Data’s real-time offerings is its high performance ticker plant, which has been engineered to manage massive increases in data volume while maintaining low latency data delivery. Interactive Data has also focused on adding extensive Level II data from around the world and enhancing its application programming interface (API) that is designed to allow hedge funds to quickly integrate its data into their applications.
In addition to low latency data from PlusFeed, Interactive Data can provide customers with access to a variety of additional datasets, including tick history, global news, reference data, corporate actions, fundamental data, calculated indicators and OTC market data. These offerings can provide hedge funds with supplemental data as they develop and analyze their trading strategies and work to maintain compliance with “best trade execution” and other government mandates.
“Hedge funds are looking to work with organizations that can deliver a vast universe of high-quality, low latency data in a flexible format that is designed for easy integration into their trading applications,” said Mark Hepsworth, president of Interactive Data Real-Time Services. “With PlusFeed, Interactive Data is an organization that can provide these offerings while fully managing the data collection and delivery process, which can help customers to reduce ‘total cost of ownership’ for their market data services. We are also well prepared to meet the ever expanding needs of our customers, as our high performance ticker plant has been designed to handle the explosive increases in data volume and deliver a wide range of data, including Level II, options and futures data.”
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. The Company's businesses supply time-sensitive pricing, evaluations and reference data for more than 3.5 million 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. Through its businesses, Interactive Data Pricing and Reference Data, Interactive Data Real-Time Services, Interactive Data Fixed Income Analytics, and eSignal, the Company has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia. The Company is headquartered in Bedford, Mass. 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.
Interactive Data Real-Time Services is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals worldwide. Offerings from Interactive Data Real-Time Services include PlusFeed, a consolidated, low latency datafeed. Also managed as part of this business is Interactive Data Managed Solutions, a leading provider and operator of customized financial market information systems.
For more information about Interactive Data Corporation and its businesses, please visit www.interactivedata.com
Interactive Data and the Interactive Data logo are service marks of Interactive Data Corporation.
For More Information:
Investors
Andrew Kramer
Tel: +1 781-687-8306
Email: andrew.kramer@interactivedata.com
Media
Sue Mitchell (European media)
Tel: +44 (0)20 7825 8076
Email: sue.mitchell@interactivedata.com
John Coffey (US Media)
Tel: +1 781-687-8148
Email: john.coffey@interactivedata.com
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