Susquehanna signs to Reuters direct exchange feed service

Source: Reuters

Reuters (LSE: RTR; NASDAQ: RTRSY), the global information company, today announced that Susquehanna International Group (SIG) has selected Reuters Data Feed Direct (RDF-Direct), providing them with ultra low latency access to data from the Options Pricing and Reporting Authority (OPRA) , the Securities Industry Automation Corporation (SIAC) and NASDAQ.

RDF-Direct is a Reuters managed direct exchange feed service which directly connects Susquehanna to the raw exchange feeds from trading venues giving the firm the fastest access to the data.

Susquehanna becomes the sixth client to sign with Reuters for the RDF-Direct OPRA service following its launch in the second half of last year. Reuters intends to expand coverage of the RDF-Direct suite of managed direct exchange feed services with plans for over forty new venues globally by the end of 2006. This will include support for full order book feeds, built using the new flexible Open Message Model provided by the Reuters Foundation API (RFA), and fully supported by the latest release of Reuters Market Data System (RMDS v6).

Glenn Wasserman, Global Head of Product and Capabilities, Reuters Enterprise Information, said: "We are delighted that Susquehanna has chosen RDF-Direct as a key component for satisfying their demand for the fastest access to market data. Our managed service offering combined with full integration into RMDS, our leading market data platform, is a powerful combination which will enable Susquehanna's traders to make better informed and faster decisions."

Dave Lenowitz, Global Head of Technology, Susquehanna, said: "We selected Reuters managed direct data feed, RDF-Direct, to enable us to focus our resources on high value added activities, rather than data maintenance and administration. Seamless implementation on our existing RMDS backbone has made this easy to deploy, and the consistency with existing data formats has made it possible to validate the quality and reduced latency of the RDF-Direct. In addition, Reuters strong commitment to ensure support for key vendor applications contributed to our decision to use the RDF-Direct."

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