Combination of Innovative Tools and High-Quality, Low Latency Data Designed to Help Clients Improve Efficiency and Make Informed Financial Decisions
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics, and related services, today announced that its Real-Time Services business will provide real-time data to BNY ConvergEx Group’s trading and investment technology platform.
BNY ConvergEx Group provides leading global agency brokerage and investment technology solutions to hedge funds, money managers, broker-dealers, corporations and plan sponsors. ConvergEx’s broad array of services delivers a comprehensive, integrated platform of performance-driven trading capabilities, supported by sophisticated technology and a consultative approach. Core competencies include execution and liquidity management, investment technologies, transition management, research and commission management, and intermediary and clearing services.
Through an integration with PlusFeedSM, Interactive Data’s low latency consolidated datafeed, BNY ConvergEx Group can provide its clients with comprehensive data needed to assist them in making informed financial decisions. Interactive Data will initially deliver a broad range of data for global equities, futures and derivatives, as well as extensive global Level II data, directly into BNY ConvergEx Group’s comprehensive platform.
"The complexity and evolving nature of today’s financial markets makes it essential to have high-quality data and execution tools on one trading platform," said Joseph M. Velli, chairman and chief executive officer of BNY ConvergEx Group. "The combination of ConvergEx’s technology and Interactive Data's universe of market data will provide our clients with the ability to make more informed investment decisions.”
“By offering access to a broad range of real-time data from directly within its comprehensive platform, BNY ConvergEx can provide its clients with the tools and information they need to help them improve their workflow and make data-driven decisions,” said Mark Hepsworth, president of Interactive Data Real-Time Services.
“We are very pleased to be working with BNY ConvergEx Group to help them provide their clients with an innovative, powerful solution that is designed to meet their requirements. Our investments to enhance PlusFeed and our data distribution network in recent years have helped make Interactive Data a premier option for a companies seeking to use global, low latency data for their financial applications.”
PlusFeed delivers high-quality, low latency data from more than 450 sources and exchanges worldwide, covering in excess of 3.4 million securities. In addition to real-time quote and trade data for equities, derivatives, fixed income, foreign exchange, commodities and funds, PlusFeed delivers a wide range of other information including reference data, fundamental data, historical data and financial news. PlusFeed is designed to power mission critical electronic market data applications, including algorithmic trading engines, where speed is crucial.