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Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
FR

Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
Dublin
IE

Luxembourg, Lux Office

5th floor 28 boulevard Royal
Luxembourg
LU

Switzerland, Geneva Office

25, rue Kléberg
Geneva
CH

New York, NY Office

100 William Street, 17th Floor
New York
NY
US

White Plains, NY Office

100 Hillside Avenue
White Plains
NY
US

Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
CA
US

Hayward, CA Office

3955 Point Eden Way
Hayward
CA
US

Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
SG

Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
HK

Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
GB

Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
DE

Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
ES

Switzerland, Zurich Office

Loewenstrasse 2
Zurich
CH

Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
JP

Location Office

International House 1 St. Katharine's Way
London
GB

Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
IT

Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
IL
US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
US

UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
AE

Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
US

Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
Back to all Intercontinental Exchange announcements

INTERACTIVE DATA ANNOUNCES READINESS FOR MIFID-RELATED INCREASES IN FINANCIAL INSTRUMENTS AND DATA VOLUME

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 implemented a series of initiatives designed to manage the significant growth in the number of financial instruments and in data volume that is expected to result from the implementation of the Markets in Financial Instruments Directive (MiFID) on November 1, 2007.

MiFID, which broadens and strengthens regulation across Europe, includes a series of mandates for pre- and post-trade transparency, including the demonstration of “best trade execution” and trade venue selection. This will include the reporting of pricing data for over-the-counter (OTC) securities transactions. As a result, Interactive Data estimates that data volume will continue to increase at a rapid pace and the number of new financial instrument identifiers entering the market could range from the hundreds-of-thousands to the millions, depending on the amount of different currencies in which each security will be available.

By leveraging experience gained from successfully managing the massive financial data volume growth in the U.S. markets, Interactive Data has identified and eliminated many potential bottlenecks throughout its technology infrastructure. Interactive Data has also made a number of significant technology enhancements in recent months that are designed to reduce latency and increase data throughput, including implementing a series of new 64-bit dual processing servers, re-architecting key software components to distribute data across multiple processors, and upgrading messaging and optimizing synchronization between ticker plant components.

Interactive Data conducts regular capacity planning reviews of its real-time technology infrastructure, from its Titan Data Distribution Network and state-of-the-art ticker plant, to data processors and routers. The Company’s technology reviews and enhancements are designed to help ensure that a vast universe of data, including new MiFID-related financial instruments, can be delivered with low latency through PlusFeed(SM), Interactive Data’s consolidated digital datafeed.

To help customers more effectively manage the array of new MiFID-related instruments, Interactive Data plans to introduce new security identifiers that can make critical information, such as the currency of a transaction, more easily accessible to clients. In addition, Interactive Data has also introduced a wide range of offerings that are designed to help customers comply with MiFID.

“Interactive Data places a strong emphasis on understanding the impact that regulations can have on our customers,” said Mark Hepsworth, president of Interactive Data Real-Time Services. “It is through this in-depth knowledge and our experience in managing massive amounts of data that we can effectively focus resources across our company to strengthen our technology infrastructure, optimize data collection, processing and delivery, and introduce new services that are designed to help our customers more easily comply with regulations such as MiFID. Our objective is to mitigate our customers’ data-related challenges, so they can continue to focus their efforts on achieving their business and financial goals.”