Source: Interactive Data
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, and InfoDyne, a leading provider of low latency ticker plant, trade/order processing, and middleware technology for algorithmic trading, today announced that the two organizations have formed a new relationship focused on simplifying access to a broad range of global low latency data.
InfoDyne has integrated PlusFeed, a low latency consolidated global datafeed from Interactive Data Real-Time Services, into its TPS+Plus technology platform. The integration is designed to provide trading firms utilizing TPS+Plus with direct access to the vast universe of data - more than 3.4 million financial instruments from over 450 sources - that is available though PlusFeed. This includes data for equities (including Level II/market depth and ECN data), options (full OPRA content), corporate bonds, futures, mutual funds, money markets, fixed income and foreign exchange.
By adding support for Interactive Data's PlusFeed to the TPS+Plus product family, InfoDyne can continue to help ensure that trading firms can freely choose the sources of data that are designed to best meet their business requirements and have alternatives when looking to use institutional-quality real-time datafeeds with these products. Following a full development cycle and standard release procedures, InfoDyne is ready to install the new offering at customer sites.
"We are very excited about this opportunity to provide access to Interactive Data's broad market coverage," said Bob Barton, head of sales at InfoDyne. "The proven integration capabilities of TPS+Plus are designed to provide customers with seamless use of Interactive Data's low-latency consolidated datafeed within their existing systems and applications," he added.
"We are very pleased to have established this relationship with InfoDyne," said Piers MacWhannell, global head of business development, Interactive Data Real-Time Services. "We can now offer customers tight integration of our global, cross-asset low latency data with InfoDyne's low latency ticker plant, trade/order processing, and middleware technology. Our relationship with InfoDyne demonstrates how we can integrate PlusFeed into sophisticated applications that are designed to offer trading firms an end-to-end solution for their low latency data needs."
TPS+Plus is an agnostic, robust, ticker plant solution designed to address the need for low latency, high-volume, market data. The system supports automated trading and desktop applications utilizing InfoDyne's direct access APIs and also integrates seamlessly within most other market data platforms. It provides a robust set of features for the normalization, blending, and integration of direct exchange and consolidated feeds providing global data coverage.