Interactive Data to deliver real time FX data to HedgeStreet

Source: Interactive Data

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Real-Time Services business will provide real-time foreign exchange data to HedgeStreet's online trading marketplace.

HedgeStreet, the first person-to-person all-electronic, government-regulated online financial exchange, can now offer its customers seamless access to a broad range of high-quality real-time foreign exchange data that is aggregated by Interactive Data's GTIS from 170 market participants around the globe. GTIS is a premium service delivered through Interactive Data's PlusFeed. Customers can utilize this data to monitor the performance of their HedgeStreet portfolios and to make investment decisions.

"We are delighted that HedgeStreet has selected Interactive Data's high-quality real-time data for use in their offerings," said Don Finucane, vice president of marketing and product management, Interactive Data Real-Time Services. "We believe that HedgeStreet has developed an innovative Web-based platform, and look forward to continuing to support their efforts of bringing derivatives trading to the retail market."

"After a comprehensive review of potential data providers, we selected Interactive Data's PlusFeed for data quality, breadth and depth of coverage, and flexibility," said Ravi Viswanath, chief technology officer, HedgeStreet. "We are excited to work with a company that can offer us seamless access to a vast universe of high-quality global data to support our ever-expanding offerings."

Interactive Data offers institutions a suite of services for their real-time needs. This includes PlusFeed, a real-time digital datafeed service that delivers financial information to power mission critical electronic market data applications, including algorithmic trading engines where speed is crucial. PlusFeed provides data from over 450 sources and exchanges worldwide, and covers in excess of 3.4 million securities.

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