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 a wide range of international real-time data to Mubasher, a leading provider of e-financial solutions in the Middle East and a subsidiary of National Technology Group (NTG).
The international data content will be provided to Mubasher via PlusFeedSM, Interactive Data's consolidated high-quality, low latency digital datafeed that powers algorithmic and electronic trading applications. Interactive Data’s PlusFeed delivers low latency data on over 5 million securities from more than 450 sources around the world.
Mubasher provides real-time pricing, sophisticated analytical tools, news, information and direct market access (DMA) for over 30 regional and international stock exchanges. Mubasher currently serves a client base in excess of 400,000 investors in the Arab World with a current expansion drive into Asia and Africa.
Manjula Jayasinghe, senior executive, Mubasher, said: “We are very pleased to take in-depth international content from Interactive Data, which is known for its high quality. This international content adds to our regional content positioning us as a prominent global player. Our highly advanced real-time stock market information service, Mubasher Pro, can be run on a workstation via a powerful Windows client application. Mubasher Pro enables investors to view a wide range of information, normally displayed on multiple windows, on a single screen, while allowing access to simultaneously view trade information from many markets.”
David Hann, general manager, EMEA, Interactive Data Real-Time Services, added: “Mubasher is establishing itself as a provider of low touch DMA services to the buy-side Middle East and North Africa (MENA) community. This community has a need for a wider set of international data requirements and we are pleased that Mubasher has chosen Interactive Data to complement its own content."