Interactive Data Launches Essential Equities Service
22 Junio 2010 - 7:01AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced the launch of the Essential Equities Service, a service
that delivers a select set of NYSE and Nasdaq real-time market data
to clients.
The Essential Equities Service is designed for use by financial
institutions that do not require every tick of data, including
firms that utilize the data for portfolio pricing, websites and
workstations. It is designed to reduce NYSE volumes by up to 85
percent and reduce Nasdaq volumes by up to 50 percent.
The Essential Equities Service mitigates the large amount of
NYSE and Nasdaq data traffic from quote updates by sending out only
one update each second for quotes. By mitigating the large amount
of traffic, this service can help clients minimize bandwidth
requirements and associated real-time market data costs, as well as
reduce the hardware footprint required to process the data. The
service can also help extend the life of client applications which
might otherwise require upgrades to handle the increased data
volumes.
The Essential Equities Service mitigates NYSE and Nasdaq volumes
through a variety of features. The one-second quote mitigation
function can eliminate a significant amount of the updates that
NYSE and Nasdaq generate. The service is also designed to deliver
data on the composite instrument only, providing the Best Bid Offer
(BBO) for each instrument while eliminating updates from regional
exchanges that are off the BBO. Also, the exchange administration
and control messages are removed to reduce message size and
traffic.
“As annual growth rates in market data volumes continue to
escalate, our clients are finding that dealing with these large
volumes can be expensive and time consuming,” said Jay Kilberg,
managing director of Feed Solutions, for Interactive Data. “Our new
Essential Equities Service is one of a series of Interactive Data’s
offerings that can help our clients to better manage growing market
data volumes as well as bypass data that is not critical to their
investment processes.”
The Essential Equities Service is offered by Interactive Data
Real-Time Services.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a trusted leader in
financial information. Thousands of financial institutions and
active traders, as well as hundreds of software and service
providers, subscribe to our fixed income evaluations, reference
data, real-time market data, trading infrastructure services, fixed
income analytics, desktop solutions and web-based solutions.
Interactive Data’s offerings can help clients around the world with
mission-critical functions, including portfolio valuation,
regulatory compliance, risk management, electronic trading and
wealth management. Interactive Data is headquartered in Bedford,
Massachusetts and has more than 2,400 employees in offices
worldwide. Pearson plc (NYSE: PSO; LSE: PSON), an international
media company, is Interactive Data’s majority stockholder.
For more information, please visit www.interactivedata.com.
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