Interactive Data expands Middle East content

Source: Interactive Data

Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data feed services to facilitate electronic trading, today announced the availability of enhanced content for the Middle East and North Africa (MENA) region via its Consolidated Feed.

With the June announcement by MSCI of its Annual Market Classification Review that upgraded the country status for Qatar and United Arab Emirates (UAE) from "frontier market" to "emerging market" classification, many international investment fund strategies will now require access to venues throughout the region.

Interactive Data's continued investment to deliver enhanced regional content means that the venues available through the Consolidated Feed now include Abu Dhabi, Bahrain, Dubai, Dubai Commodities Exchange, Dubai Mercantile Exchange, Kuwait, NASDAQ Dubai and Qatar.

"The recent MSCI index upgrades firmly establish this region on the map for emerging market investors. As a result, a growing number of international investors will require high quality, cross-asset data for the various markets in the region," said Rob Lane, General Manager Real-Time Feeds and 7ticks, EMEA at Interactive Data. "Asia-, Europe- and US-based firms will also require reliable connectivity to these markets in the most cost-effective way. Through our ongoing investment, we can provide a broad range of content to these firms looking to access the MENA region and efficiently deliver it to them through the 7ticks network."

Clients utilizing Interactive Data's 7ticks network also have access to the Interactive Data Consolidated Feed, which delivers low latency data from more than 450 sources worldwide. The sources in the Consolidated Feed cover more than 150 exchanges, 110 contributors of OTC data and include multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications, and is now supported by ticker plants located throughout North America, Europe and Asia. The 7ticks network also provides direct connectivity to more than 50 global futures and options, equities and FX exchanges and trading venues for multi-asset class and ultra-low latency trading. p;

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