Interactive Data launches new European ticker plant
29 January 2008 | 2074 views | 0
Source: Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that the new European ticker plant for its Real-Time Services business has gone live.
The new ticker plant provides latency gains of at least 80 milliseconds, significantly reducing delivery times for European consumers of European real-time data distributed by PlusFeedSM, Interactive Data's low latency, consolidated global datafeed. All European customers receiving PlusFeed will benefit from this enhancement.
Interactive Data is also announcing the availability of a low latency co-location facility. Customers in Europe will have the option of co-locating their applications in data centres close to the new London-based ticker plant to take advantage of the low latency delivery of European data.
Roger Sargeant, managing director, Interactive Data (Europe) Ltd, said: "Our decision to build a new European data centre for PlusFeed was driven by the continually growing need for lower latency data, combined with the higher data volumes that we expected under MiFID and other regulations. We anticipate that we will be able to deliver European data to London-based customers at latency rates of around 60 milliseconds."
Interactive Data is adopting a phased rollout schedule for adding data sources. Phase 1 adds real-time data services from sources including Borsa Italiana, Deutsche Börse, Eurex, Irish Stock Exchange, OMX Nordic Exchange, and Euronext. Subsequent phases during the first two quarters of 2008 will add the remainder of the European markets covered by PlusFeed, as well as Middle Eastern venues.
PlusFeed, Interactive Data's high quality datafeed, 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.