Interactive Data Selected by UOB Kay Hian to Provide Market Data Feed Services

Singapore and New York - 18 November 2014

Consolidated Feed powers trading representatives’ desktops for retail trading 

Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data feed services designed to facilitate electronic trading, today announced an agreement to provide the firm’s Consolidated Data Feed to UOB Kay Hian. UOB Kay Hian is Singapore’s largest and only listed broker with regional operations and presence in key financial markets in Asia, North America and Europe.

To gain a competitive advantage, retail brokerage firms require cost-effective access to real-time market data to directly address the investing needs of customers. To meet this requirement, UOB Kay Hian selected Interactive Data’s Consolidated Feed to power the firm’s DZH NextVIEW Advisor desktop software. The DZH NextVIEW front end encompasses almost 1,000 desktop screens in the UOB Kay Hian Singapore office and is used by its trading representatives to better serve their clients’ trading needs.

“Fragmentation and higher data volumes are just a few of the challenges confronting brokerage firms today,” said Gary Tan, Executive Director at UOB Kay Hian. “We are pleased to have Interactive Data’s Consolidated Feed for our global multi-market trading needs. Interactive Data’s established best practices relating to software and service requirements give us an immediate competitive advantage, and allow us to focus our efforts on core business strategies that are designed to better serve our customers.” 

“Interactive Data strives to help clients build powerful, robust and competitive trading solutions that enable them in turn to provide investors with the connectivity and market data needed to navigate today’s ever evolving global trading landscape,” said Dan Videtto, Managing Director- Asia Pacific, for Interactive Data. “After a thorough data assessment and commercial testing period, we are pleased that UOB Kay Hian chose to work with us.”

Interactive Data’s Consolidated Feed covers more than 150 exchanges and 110 contributors of OTC data and includes multi-asset class instrument coverage and extensive Level 2 data. The Consolidated Feed is also available via Interactive Data’s 7ticks network, which provides direct connectivity to more than 50 global futures and options, equities and FX exchanges and trading venues for multi-asset class and ultra-low latency trading. 

“DZH NextVIEW is pleased to work with Interactive Data to extend its reliable multi market and multi asset terminal solution to UOB Kay Hian,” said Janet Yap, CEO at DZH NextVIEW. “With more service offerings from the DZH Group of Companies planned for the near future, DZH NextVIEW looks forward to redefining how its financial solutions are presented to the local and regional markets.”

 

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