17 October 2017
visit www.response.ncr.com

Interactive Data incorporates world currency Wocu

28 September 2010  |  1654 views  |  0 Source: Interactive Data

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that the Company is incorporating the World Currency Unit (Wocu) into its real-time market data services.

Interactive Data will be the first data vendor to provide its global client base with access to the Wocu, which is designed to offer commercial trading benefits and help investors assess the performance of their investments by removing the issue of currency volatility.

The Wocu, created by WDX Organisation Ltd., is a standardised basket currency derivative quotation based on the real-time exchange rates of the currency pairs of the world's top 20 nations as determined by IMF measures of GDP. The Wocu takes into account changing economic power and commercial perception of currency values as a market driven solution to the need for a global reference currency.

According to the agreement with WDX, Interactive Data will calculate the exchange rates between the Wocu and leading currencies, and provide that information in real time via PlusFeedSM, its low-latency consolidated global datafeed. In addition, customers of Interactive Data Desktop Solutions will also be able to access this data. These offerings include PrimeTerminal, Interactive Data's customisable financial desktop solution, and eSignal Pro, its global market data and analytics platform for broker-dealers, institutional traders and financial advisors.

Hilary London, general manager, Real-Time Markets, EMEA, Interactive Data, said: "Interactive Data has earned its position as a trusted provider of financial information in part by continually extending the depth and breadth of our coverage. This is precisely why we are making the Wocu available to our clients via our real-time market data services."

Michael King, managing director of WDX Organisation, added: "We are very pleased that Interactive Data will be incorporating the Wocu into PrimeTerminal, eSignal Pro and PlusFeed for delivery to its many clients around the world. Because WDX has weighted the Wocu's algorithm in line with the GDPs of the top 20 countries, it can offer practical advantages, such as reduced volatility and enhanced hedging and currency neutrality."

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Interactive Data

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14677 views comments | 12 tweets | 3 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8088 views comments | 15 tweets | 21 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7703 views comments | 13 tweets | 13 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7311 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6566 views comments | 13 tweets | 6 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job