Market data

Interactive Data starts to reap rewards of 7ticks buy

Financial information and analytics provider Interactive Data has connected its low-latency data service PlusFeed to the Interactive Data 7ticks network, taking an early step to leveraging the capabilities of the recently purchased software firm, 7ticks.

The new connection gives clients two new ways to receive low latency market data.

Customers now can either host their trading applications at the firm’s data centres while accessing PlusFeed simultaneously via cross-connections or receive PlusFeed through a leased line or virtual private network connection from their closest data centre.

PlusFeed is currently available from eight data centre locations including New York, and Chicago. Frankfurt and London connectivity is scheduled for the end of Q2. PlusFeed includes data on over six million securities from over 450 sources globally.

“Electronic trading clients can look to us as a single service provider of an integrated platform consisting of direct and consolidated market access in major markets, cost-effective delivery mechanisms, latency reduction, and complementary services for management of real-time data,” said Joe Bigane, managing director for Interactive Data 7ticks. “The availability of PlusFeed on our high-performance managed trading network allows us to play a larger role in managing the process of obtaining and utilising data from end to end for our fast growing client base of electronic traders.”

Interactive Data bought 7ticks at the end of last year with the intention of increasing the flexibility and resilience of its network infrastructure in order to offer a broader range of direct exchange access and consolidated data feed services. At the start of May, Interactive Data was itself purchased by investment funds managed by Silver Lake and Warburg Pincus for a total of $3.4 billion.

Separately, Interactive Data’s managed solutions division has expanded the capabilities of its PrimeTerminal Professional desktop solution to include a calendar view of macroeconomic indicators and additional exchange data content.

The product now includes content from Dow Jones Calendar Live, which includes a calendar and real-time event data that enables financial advisors and wealth managers to monitor economic and political events. Level 2 market data from pan-European multilateral trading facility Chi-X Europe, National Stock Exchange of India, Bangkok Stock Exchange, Taiwan’s GreTai Securities Market and the Buenos Aires Stock Exchange have also been added to PrimeTerminal Professional.