Interactive Data's ComStock Delivers Comprehensive Tick Data Service for Global Securities.Assists Clients in Meeting Compliance Mandates and Analyzing Market Activity for Algorithmic Trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of Applications HARRISON, N.Y. & London -- ComStock, an Interactive Data (NYSE NYSE See: New York Stock Exchange : IDC) business and a leading provider of real-time global market data and managed solutions, today announced PlusTick, a new service that will provide financial institutions with access to high-quality tick and trade data for global securities. By offering comprehensive securities information in an easy-to-use format, PlusTick can help clients to more effectively comply with "best trade execution" and other government mandates, and back-test and analyze algorithmic trading applications designed to improve investment performance. PlusTick, which is currently available, unites ComStock's vast resource of real-time, low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as data with a robust database. With this new fully managed service, clients can identify a list of covered financial instruments, and PlusTick can deliver full tick and trade data for these securities on an intra-day or daily basis. PlusTick is designed to be seamlessly integrated into a broad range of financial applications and existing quote and trade databases, which can enable clients to access a comprehensive source of financial information without altering their workflow. The new service offers comprehensive Level I and Level II information from over 60 markets around the world, including major U.S. and European exchanges. Clients can receive information for a range of data elements, including trade, bid, ask, volume, open, high, low, and close. "In light of developing compliance mandates in both the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe for 'best trade execution' of securities trades and the continued emergence of algorithmic trading applications, it is critical for global firms to have access to high-quality information that can be delivered when they need it and in a format that easily integrates into their current systems and processes," said Mark Hepsworth, president of ComStock. "By offering a fully managed service, PlusTick can enable clients to focus on their core business instead of data management, helping them to more effectively utilize the massive volume of data that flows through the financial markets." Additional information on PlusTick, including a full list of all supported markets, is available at http://www.comstock-interactivedata.com/PlusTick.shtml. About Interactive Data Corporation Interactive Data Corporation (NYSE: IDC) is a leading global provider of financial market data, analytics and related services to financial institutions, active traders and individual investors. The Company's businesses supply time-sensitive pricing, evaluations and reference data for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, FT Interactive Data, ComStock, CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. BondEdge and eSignal, Interactive Data has approximately 2,200 employees in offices located throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia and Australia, and is headquartered in Bedford, MA. Pearson plc (NYSE: PSO PSO - Oracle Parallel Server ; LSE LSE - Language Sensitive Editor :PSON PSON Plastic Small Outline Package No Leads ), an international media company, whose businesses include the Financial Times Group, Pearson Education Pearson Education is an international publisher of textbooks and other educational material, such as multimedia learning tools. Pearson Education is part of Pearson PLC. It is headquartered in Upper Saddle River, New Jersey. , and the Penguin Group, owns approximately 62 percent of the outstanding common stock of Interactive Data Corporation. ComStock is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals worldwide. ComStock's suite of services includes PlusFeed, a consolidated, low latency data feed. Also managed as part of the ComStock group is Interactive Data Managed Solutions, a leading provider and operator of customized financial market information systems. For more information about Interactive Data and its businesses, please visit www.interactivedata.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion