Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Real-Time Services business has enhanced its low latency, digital PlusFeedSM service with the addition of new global OTC content and a remodelled, institutionally-oriented representation of existing data sourced from Tullett Prebon Information, a leading provider of independent real-time price information from the wholesale inter-dealer brokered financial and commodity markets.
Interactive Data's PlusFeed now offers a much broader range of fixed income, capital and money markets content through the additional content provided by Tullett Prebon Information. Data includes ATM interest rate options and swaptions; benchmark and off-the-run government bonds; credit default swaps (CDS); FX options; inflation derivatives; interest rate swaps (IRS); mortgage data; out-of-the-money swaptions and IR option surfaces; spot FX, forward FX, NDFs and cash deposits. This complex data is clearly presented for ease of use by financial institutions worldwide.
David Hann, general manager, EMEA, Interactive Data Real-Time Services, commented: "We have enhanced and revamped the content based on our customers' requests and believe that the end result offers a compelling service for financial institutions that require a low latency, consolidated feed with wide-ranging coverage and clear data representation such as that sourced from Tullett Prebon Information. This data is increasingly being used in areas such as pre-trade analytics, risk management, mark-to-market and algorithmic trading."
Frank Desmond, head of Europe and Asia at Tullett Prebon Information, added: "We have been working with Interactive Data for many years and are pleased with the new representation of our data via PlusFeed. Our comprehensive coverage of the global OTC markets draws on the presence of our brokerage division, Tullett Prebon, in 23 countries in both the developed and emerging markets, as well as on our own dedicated global pricing team."
Interactive Data offers institutions a suite of services for their real-time needs. This includes PlusFeed, the real-time digital datafeed service that delivers financial information to power mission critical electronic market data applications, including algorithmic trading engines where speed is crucial. PlusFeed provides data from over 450 sources and exchanges worldwide, and covers in excess of 3.4 million securities.