The Wocu, created by WDX Organisation Ltd., is a standardised basket currency derivative quotation based on the real-time exchange rates of the currency pairs of the worldâs top 20 nations as determined by IMF measures of GDP. The Wocu takes into account changing economic power and commercial perception of currency values as a market driven solution to the need for a global reference currency.
According to the agreement with WDX, Interactive Data will calculate the exchange rates between the Wocu and leading currencies, and provide that information in real time via PlusFeedSM, its low-latency consolidated global datafeed. In addition, customers of Interactive Data Desktop Solutions will also be able to access this data. These offerings include PrimeTerminalSM, Interactive Dataâs customisable financial desktop solution, and eSignalÂ® Pro, its global market data and analytics platform for broker-dealers, institutional traders and financial advisors.
Hilary London, general manager, Real-Time Markets, EMEA, Interactive Data, said: âInteractive Data has earned its position as a trusted provider of financial information in part by continually extending the depth and breadth of our coverage. This is precisely why we are making the Wocu available to our clients via our real-time market data services.â
Michael King, managing director of WDX Organisation, added: âWe are very pleased that Interactive Data will be incorporating the Wocu into PrimeTerminal, eSignal Pro and PlusFeed for delivery to its many clients around the world. Because WDX has weighted the Wocuâs algorithm in line with the GDPs of the top 20 countries, it can offer practical advantages, such as reduced volatility and enhanced hedging and currency neutrality.â