Market data outfit ComStock has launched a new high-speed datafeed network designed to carry data rates of up to 42 megabits per second (Mbps).
IDC subsidiary ComStock says the new network, called IP4, was developed in response to rapidly growing market data volumes. The company saw data volumes grow by more than 106% last year and projects additional expansion of up to nine per cent a month in 2005.
The capacity of IP4 is currently deployed at 18 Mbps but will be increased to 42 Mbps by June 2005. The IP4 network is projected to accommodate the full breadth of the vendor's XpressFeed service after 2006.
Don Finucane, VP, marketing and product management, ComStock, says: "The IP4 network is initially aimed at those clients that need bandwidth intensive data sources such as full OPRA or ECN data."
ComStock has also introduced a new mitigated options service that provides best bid and offer data and is aimed at clients that don't require the full options data service.
The vendor says the new service represents 50% bandwidth savings from the full OPRA data service, which currently represents more than one-third of all data carried on XpressFeed.
Finucane says: "For many clients, the new mitigated service meets all of their data requirements; allowing them to receive the highest quality data while leveraging their existing communications networks."
The service is currently available on IP4 and will be integrated into ComStock's other datafeed networks in the spring.