Market data and analytics provider Interactive Data has upgraded its client site processor (CSP), which it claims will improve financial messaging processing performance by 70%.
Interactive Data’s CSP supports the delivery of PlusFeed, the firm’s low-latency global data feed used to power algorithms, high-frequency trading strategies and electronic trading applications.
According to Interactive Data, growth in market data volumes drove the decision to upgrade its CSP. The Options Price Reporting Authority (OPRA) estimates that message volumes were 3.2 million per second in January 2010 and will rise nearly 30% to 4.1 million by January 2011.
Interactive Data’s new CSP is designed to handle up to 9.4 million messages per second and can accommodate full OPRA and depth-of-market data.
The upgrade also supplies a new line arbitration capability for clients to feed two lines into the CSP to help minimise gaps caused by network or telecommunications problems, which can result in missing data in the sequence of data packets. This functionality is also available to clients of the Titan data network-multicast, Interactive Data’s real-time data distribution network, which is designed to handle up to 6 million messages per second.
“Our clients are continually faced with significant growth in market data volumes and are looking for ways to obtain low latency data while controlling costs,” said Jay Kilberg, managing director of feed solutions for Interactive Data, in a statement. “The new CSP can enable our clients to leverage their existing hardware resources in order to accommodate the increased processing demands that result from market data volume growth.”