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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
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Luxembourg, Lux Office

5th floor 28 boulevard Royal
Luxembourg
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Switzerland, Geneva Office

25, rue Kléberg
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New York, NY Office

100 William Street, 17th Floor
New York
NY
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White Plains, NY Office

100 Hillside Avenue
White Plains
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Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
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Hayward, CA Office

3955 Point Eden Way
Hayward
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Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
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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
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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 Launches Plusbook, a New low-latency, Consolidated Order Book Service

Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Real-Time Services business has launched PlusBook™, a new consolidated order book service for the European financial industry. PlusBook, which is designed to help address the best execution mandates embodied in the Markets in Financial Instruments Directive (MiFID) and provide sub-millisecond performance, enables the user to track liquidity in real-time across multiple venues.

Post MiFID, a growing number of Multilateral Trading Facilities (MTFs) and Electronic Communication Networks (ECNs) have been launched to take advantage of liquidity fragmentation across the world’s financial markets. PlusBook provides a consolidated order book designed to help financial institutions gain a more complete view of global market liquidity by aggregating orders from multiple venues, including those based in the US market.

PlusBook can be integrated quickly and easily with PlusFeedSM, Interactive Data’s low-latency digital datafeed that delivers a broad range of global financial information from over 450 sources and exchanges worldwide, covering more than six million instruments.

Providing low-latency access to streaming level 1 and 2 data, PlusBook identifies each trading venue by Market Identification Code (MIC) and covers all markets available on PlusFeed, subject to client entitlements. Venues for which a price is available via PlusFeed, but not part of the customer authorised entitlements, are flagged as part of the consolidated view to maximise price transparency. Customisable features allow end users to tailor the coverage provided to the venues most relevant to them.

PlusBook derives the sum of orders at a specific venue at a specific price, providing financial institutions with an aggregate of orders from different venues which can help track market liquidity. Subscribing companies can use a custom-built viewing application to screen the streaming data, or plug it into their existing infrastructure. This can allow the data to be fed directly into algorithmic or automated trading applications, thereby optimising trading strategies.

Henk D’Hoore, head of Product, EMEA, Interactive Data’s Real-Time Services business, said: “Following an in-depth review of the impact of MiFID and in consultation with a wide number of buy and sell-side participants, we believe that we’ve developed a service that the market wants. PlusBook is designed to help customers meet their best execution requirements – it provides price transparency and allows for more efficient pre and post-trade analysis. It’s easy-to-use and offers flexibility and speed, enabling customisable views and faster decision-making.”