Source: Atrium Network
Atrium Network, provider of smarter connectivity for the financial community, and Interactive Data Real-Time Services, an Interactive Data Corporation (NYSE: IDC) business, today announced an agreement providing Atrium Network's clients access to Interactive Data's consolidated, low latency datafeed, PlusFeed, via its community extranet.
Atrium Network offer clients access to a financial community extranet offering a single point of access to exchanges, clearing houses, CSDs and market data providers in an effort to help firms optimise their connectivity costs.
Interactive Data is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. Interactive Data's Real-Time Services business delivers low latency data on over 5 million securities from more than 450 sources around the world. Financial institutions globally use Interactive Data's PlusFeed to power their revenue critical market data applications.
Commenting on the announcement, Emmanuel Pellé, Director of Atrium Network said, "As the liquidity landscape fragments, critical to our clients will be the need for fast and efficient access to market data and we are delighted that Interactive Data is now a provider of the Atrium Network extranet community. Atrium Network's solution can help Interactive Data satellite connected customers move smoothly to a terrestrial connectivity solution. Clients may now access Interactive Data's PlusFeed through our network which can allow them to realise some significant cost savings."
David Hann, general manager, EMEA, Interactive Data Real-Time Services, added, "We are pleased to be joining the Atrium Network. As many of our existing clients are also members of the Atrium Network community, this cooperation can enable them to reduce their connectivity costs. We also look forward to extending our reach to other Atrium Network clients."