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 be providing foreign exchange (FX) data to XE, one of the world’s leading foreign exchange websites.
XE provides FX data and services to millions of individuals and organizations around the world.
Through its GTIS service, Interactive Data will deliver FX data for more than 170 global currencies and rates for up to 1,200 currency pairs to XE. XE will utilize this information in its proprietary multi-source rate integration infrastructure that powers its online applications, including historical currency rate tables and cross-currency calculators.
“By working with Interactive Data, we have gained access to another high quality global FX dataset,” said Steven Dengler, CEO and Co-Founder of XE. “Interactive Data covers a wide range of global markets, including Africa, Eastern Europe, and Latin America, and this is critical for us to help meet the needs of our worldwide user base.”
“As one of the most popular currency destinations on the Internet, it is critical that XE provide its customers with easy access to high-quality and timely FX data,” said Don Finucane, vice president of product management and OTC Data Services, Interactive Data Real-Time Services. “By integrating this information into a broad range of intuitive applications, including currency calculators and rate-change monitors, XE can help its customers in a range of FX-related business activities.”
Finucane continued, “From providing real-time FX data for innovative Internet applications offered by companies like XE, to delivering low-latency data to power algorithmic trading engines utilized by some of the world's largest and most technically sophisticated financial institutions, Interactive Data has a broad range of real-time offerings that are designed to meet the needs of our customers.”