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Interactive Data reports Pershing deal

20 July 2009  |  999 views  |  0 Source: Interactive Data

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, announced today that it will begin providing Pershing LLC's introducing broker-dealer and independent registered investment advisor (RIA) customers with access to real-time market data and analytical tools through Pershing's NetX360 technology platform.

Interactive Data worked closely with Pershing to develop and design a customized Web-based portal that is accessible via NetX360. The portal will provide Pershing's customers with access to a wide range of real-time market data and tools as well as analysis on companies and events to help them gain perspective on key trends shaping the capital markets.

Pershing's customers will also have the ability to access Interactive Data's Market-QSM through NetX360. Market-Q is a flexible, browser-based, streaming real-time market data desktop application that offers a broad array of financial information and content, including global real-time market data, advanced charting capabilities, Dow Jones Newswires® news and analysis, and commentary on companies and market events. Market-Q's streaming capabilities are accessible from Web browsers, providing investment professionals and RIAs with the flexibility to utilize its capabilities regardless of their location.

Pershing plans to implement the Web-based portal and Market-Q offering as fully-hosted solutions, which will help to eliminate the need for additional onsite technology infrastructure costs associated with servers, circuits and routers.

"We are very pleased that Pershing has chosen Interactive Data to provide Market-Q and our custom designed portal to their customers via NetX360," said Ray D'Arcy, president and chief executive officer, Interactive Data Corporation. "The combination of real-time market data and our powerful analytical tools can result in a unique online experience for investment professionals and RIAs. The fully-hosted solution can also help Pershing's customers control market data costs and free-up resources so they can focus on other critical aspects of growing their businesses."

Since 2003, Interactive Data has provided Pershing with PlusFeedSM its consolidated, low latency digital datafeed that delivers data on over 6 million instruments from more than 450 globa global sources. PlusFeed includes multi-asset class instrument coverage and extensive Level 2 data. PlusFeed helps to power the NetX360 platform and helps complement the front-end applications of Interactive Data's Web-based portal and Market-Q offerings.

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