Interactive Data Launches PlusFeed Select for Real-time Global Market Data Delivery

11 August 2008

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 launched PlusFeed SelectSM, a cost effective hosted “watch list”-based datafeed delivered via a secure, lease line equipped with encryption technology.

PlusFeed Select is designed specifically for organizations that may have limited real-time data requirements but still need to draw from a variety of market sources and asset classes including equities, foreign exchange, fixed income, commodities and derivatives to obtain this data. Interactive Data believes this new service can benefit a variety of institutions including hedge funds, order management systems, portfolio managers, third party application providers, web sites, and firms that require only subset of data from a single exchange with a mix of active and inactive instruments.

PlusFeed Select is an extension of PlusFeedSM, Interactive Data’s consolidated high-quality, low latency digital datafeed that powers algorithmic and electronic trading applications. With PlusFeed Select, clients can leverage the real-time multi-asset class data capabilities of PlusFeed to extract a subset of data from more than 450 sources and exchanges worldwide, covering in excess of 5 million financial instruments.

Users of PlusFeed Select can benefit from significantly lower communications costs compared to a deployed solution at a client site through Interactive Data’s hosted environment for delivery of datafeeds. The product is delivered via dedicated circuits over BT Global Financial Services’ Radianz network.

“Interactive Data launched PlusFeed Select as a secure solution that can help clients address the growing costs resulting from the exponential growth in market data volumes,” said Jay Kilberg, managing director, Interactive Data Real-Time Services. “This service can allow clients to cost effectively access a watch list of instruments from a universe of more than five million instruments with the requisite low latency to support their applications.”

PlusFeed Select is supported by Interactive Data’s real-time technology infrastructure, including its state-of-the-art ticker plants. PlusFeed Select is distributed via Interactive Data’s high-speed Titan Data Network-Multicast, which is designed to handle up to three million messages per second to help improve latency.

“As market data volumes continue to rise at a rapid pace, the costs that companies incur to obtain real-time data are increasing significantly as well,” said Tom Price, research director, Securities & Capital Markets for TowerGroup. “Market data solutions which provide a targeted set of real-time data extracted from a broad universe of financial instruments could contain costs and potentially reduce certain elements of data latency.”

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