Interactive Data adds point-of-presence in Stockholm
07 January 2008 | 1715 views | 0
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 has expanded its geographical reach with a new point of presence (POP) located in Stockholm, Sweden.
The new POP provides a local access point designed to provide Interactive Data's Scandinavian client base with significantly improved performance, regardless of data volume or market conditions. It can also offer cost benefits as customers will be able to connect to the low latency PlusFeed service locally via leased line or co-location of equipment. The connectivity between Interactive Data's core network and the new POP can allow the entire PlusFeed dataset - including extensive order book content - to be made available locally in Scandinavia, with additional headroom available for future growth in data volumes.
Infront, which provides market data and trading solutions for global financial players, is the first customer of the new POP. Joachim Rosli, Infront's head of Business Development, commented: "We are delighted to offer our Nordic customers fast access to international data. Our flagship product, The Online Trader, offers cost efficient electronic trading on European and North American exchanges, and the PlusFeed capacity can allow us to manage the expected increased data volumes for years to come."
David Hann, general manager, EMEA, Interactive Data Real-Time Services, added: "We are pleased to provide our Scandinavian customers with this new access point, which is additional to Interactive Data's existing POPs throughout Europe. We can also offer a flexible VPN for customers who are looking for limited content sets in order to minimise bandwith."
Interactive Data's high quality datafeed, PlusFeed, is a trusted source of low latency data for algorithmic and electronic trading applications. With PlusFeed, customers can access a broad range of low latency data from over 450 sources and exchanges worldwide, covering in excess of 3.4 million securities.