Interactive Data to Offer New Direct Exchange Ultra-Low Latency Data Service.New Fully-Managed Service Designed to Deliver Sub-One Millisecond One thousandth of a second. See space/time and ohnosecond. (unit) millisecond - (ms) One thousandth of a second, one thousand microseconds. A long time for a modern computer. Data for Financial Applications; Can Help Customers Minimize Costs and Mitigate Technology Complexity NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Interactive Data Corporation (NYSE NYSE See: New York Stock Exchange : IDC), a leading provider of financial market data, analytics, and related services, today announced that its Real-Time Services business will offer DirectPlus, a new ultra-low latency direct exchange data service. The service, which is planned for release in the second quarter of 2007, is designed to provide customers with access to sub-one millisecond data for powering a range of 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 financial applications, including 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 engines and order management systems. DirectPlus is a fully managed service that leverages Interactive Data's high-performance ticker plant for delivering ultra-low latency data despite massive increases in data volume. It utilizes sophisticated tools designed to ensure data quality and optimal latency, and centrally implements exchange data format and protocol changes, which can help eliminate the need for customers to deal with these issues. DirectPlus also monitors bandwidth capacity, which is designed to ensure that all incoming exchange lines and feeds to customer applications have the necessary capacity. With these features, DirectPlus is designed to help customers overcome a range of challenges, including the high-costs and complex technology that are often associated with establishing direct-to-exchange feeds. Upon its release, DirectPlus data coverage will include NYSE Openbook (including "Best Quotes"), Nasdaq Level 1 and SingleBook, ArcaBook and Direct Edge ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. . Interactive Data plans to continue to expand the universe of direct data delivered through DirectPlus. In addition to ultra-low latency data from these sources, Interactive Data offers customers a range of other optional services that complement DirectPlus. These include: global exchange data from the over 450 sources available via PlusFeed, Interactive Data's real-time consolidated feed, tick histories, global news, reference data, corporate actions, fundamental data, calculated indicators and OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market data. By providing access to multiple liquidity pools, ultra-low latency data and offering a seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. into a comprehensive tick history database, DirectPlus can be used by customers as they seek to meet the "best execution" compliance mandates stipulated by Reg NMS See NetWare Management System. . DirectPlus will be hosted at the New York metropolitan data center of BT Radianz BT Radianz (formerly known as Radianz before being acquired by BT Group plc in 2005), is a secure financial extranet that connects worldwide financial institutions and stock markets together. , a leading global provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. connectivity. By utilizing Radianz Proximity Solution in New York, customers can co-locate their applications alongside DirectPlus, which can enhance ultra-low latency by capturing data directly at the delivery point. "Historically, it had been very expensive and technically challenging for firms to establish direct-to-exchange datafeeds for their low-latency financial applications," said Mark Hepsworth, president of Interactive Data Real-Time Services. "With DirectPlus, we will provide customers with a turnkey offering that leverages Interactive Data's expertise in the collection and delivery of ultra-low latency data within the secure hosting environment provided by BT Radianz. This new offering is designed to help a broad range of clients, including hedge funds and buy- and sell-side firms, more quickly and cost effectively access and utilize sub-one millisecond data for their most innovative financial applications. And because DirectPlus is fully-managed, we remove significant technology burdens from customers, freeing up more of their time to focus on their core strengths of developing and enhancing proprietary financial systems. We are also offering a range of other services to support their trading strategies." 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, dividend, corporate action 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 the Company's services in support of their trading, analysis, portfolio management and valuation activities. Through its businesses, Interactive Data Pricing and Reference Data, Interactive Data Real-Time Services, Interactive Data Fixed Income Analytics, and eSignal, the Company has approximately 2,200 employees in offices located throughout North America, Europe, Asia and Australia. The Company is headquartered in Bedford, Mass. 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, and the Penguin Group, owns approximately 62 percent of the outstanding common stock of Interactive Data Corporation. Interactive Data Real-Time Services is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals worldwide. Offerings from Interactive Data Real-Time Services include PlusFeed, a consolidated, low latency datafeed. Also managed as part of this business 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. Interactive Data(SM) and the Interactive Data logo are service marks of Interactive Data Corporation. |
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