NASDAQ Dubai today announced that it will be supplying real-time market data to Interactive Data Corporation (NYSE:IDC), a leading global provider of financial market data, analytics and related solutions, through a new agreement with XData, a market data solutions provider for the Middle East and Africa (MEA) region. XData will provide Interactive Data with listed equities, derivatives and structured products data from NASDAQ Dubai, the international stock exchange serving the Middle East. The data will be available via PlusFeedSM, Interactive Data's global consolidated, low-latency datafeed.
“Our international client base is keen to have access to more markets in the Middle East as the region can play an important part in their trading strategies,” said Hilary London, general manager, EMEA, Interactive Data’s Real-Time Services business. “We continue to add more content to PlusFeed, and this arrangement with XData and NASDAQ Dubai will further increase the depth and breadth of data available to our clients, allowing them to be amongst the first to get direct access to data from NASDAQ Dubai.”
Peter FitzGerald, Chief Operating Officer of NASDAQ Dubai, added: “We are delighted that Interactive Data, with the assistance of XData, is now providing our real-time market data both in the region as well as globally to brokers and market participants. This service provides a valuable new pathway for customers to receive data from our exchange as we expand our product range and attract new investors.”
XData receives real-time market data from NASDAQ Dubai and feeds it into its XD[TickerPlant]®, XData’s ultra-low latency information dissemination platform. The XD[TickerPlant]® offers feeds in raw and unified data formats, as well as through a unified application programming interface (API).
Nezar Freeny, CEO of XData, said: “Interactive Data’s global customer base and XData’s market data solutions for the Middle East make this a strong value proposition. We’ve seen strong demand for market data for this region, especially for NASDAQ Dubai. This coupled with our knowledge and technical expertise in providing solid connectivity to the exchanges, and low-latency market data feeds, provides us with an exciting opportunity to provide Interactive Data with NASDAQ Dubai’s real-time market data.”
XData is connected to NASDAQ Dubai via a high-speed physical connection to its data centre in Dubai as well through a secondary connection terminated at its facility in Abu Dhabi. This structure offers an ultra-low latency feed distributed over a redundant and resilient proprietary infrastructure, the XD[XtraNet]®.