Interactive Data Corporation, a data services provider, has opened two new ticker plants in Asia, which are co-located in data centres in Hong Kong run by Equinix and Pacnet, to improve the speed of its PlusFeed consolidated global data feed.
With the increasing adoption of electronic trading in Asia, market data has become a crucial issue, as it has elsewhere. Firms require high quality data at the desired speed from across the region. The new ticker plants, located with Pacnet at its Mega-iAdvantage facility and with Equinix in their HK1 facility, will provide IDC’s clients with faster information at the major Asian trading venues and clients can co-locate themselves into the new facilities to cut latency still further.
IDC’s PlusFeed stream delivers data from more than 450 sources worldwide, covering more than 140 exchanges, including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications and now it is supported by ticker plants located in Asia – alongside the European and US units – the performance is expected to rise significantly.
Commenting on the installation, Dan Videtto, managing director for Asia Pacific at Interactive Data, hailed the addition of two new ticker plants within one of the region’s primary trading hubs as a significant development. “This is one of many enhancements that we will be delivering to Asian markets,” he added, “as we look to support firms in the region through our low latency data and global trading infrastructure solutions.”