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Interactive Data expands 7ticks network to East Coast

24 February 2010  |  1427 views  |  0 Source: Interactive Data

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced the expansion of the Interactive Data 7ticks ultra low-latency trading network to the East Coast.

Interactive Data 7ticks, which is offered by Interactive Data Real-Time Services, provides innovative electronic trading networks and managed services.

This expansion of the Interactive Data 7ticks low-latency trading infrastructure can enable equities and futures traders to gain more direct access to additional key equities markets by utilizing a single service provider with advanced co-location, proximity hosting, real-time monitoring and technical support capabilities for customers.

Interactive Data 7ticks has supplemented its existing presence in the New York Metro area with connectivity to facilities located in Carteret and Weehawken, New Jersey. It can now provide customers with exchange co-location capabilities for access to leading equities exchanges. In addition, customers will have proximity hosting with some of these exchanges. Interactive Data 7ticks will also be able to provide monitored low-latency domestic telecommunications connectivity between its financial data center hub located in Chicago and five locations in New York City and New Jersey area.

"The expansion of our ultra low-latency trading network infrastructure into the equities marketplace underscores our desire to continue to help meet the needs of traders that require one-stop connectivity to many of their key target exchanges for multi-asset trading strategies," said Joe Bigane, managing director for Interactive Data 7ticks. "Traders requiring ultra low-latency access to several of the closest exchange connections can look to our firm as their single provider of this level of speed, availability and technical support."

This broadening of connectivity venues and hosting capabilities is helping Interactive Data to advance its strategy for meeting the evolving needs of its growing customer base of electronic traders. The Company continues to build out its global ultra low-latency trading network infrastructure, which can support a broader range of high-quality direct exchange access and consolidated datafeed services.

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