Reuters announced on Tuesday that its direct exchange data service, Reuters Data Feed Direct (RDF-Direct), has added nine new feeds to exchanges across America, Europe and Asia. Driving the expansion of Reuters' feed service into new markets is an increasing demand for low-latency and full-tick data to feed automated trading applications and pricing engines, explains the firm.
RDF-Direct offers exchange feed connectivity with latency of less than one millisecond, according to Reuters. It also reduces customer workload by providing a fully managed global service including daily reference data maintenance, required hardware and software, and service monitoring by Reuters Support teams, says the market data provider.
Reuters says it has a strategy roadmap which includes plans to continue an expansion of direct feed venues throughout 2007 and 2008, in the US, Europe and Asia.
The new feeds in America will include NYSE OpenBook, Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME) and the Toronto Stock Exchange.
"The continued expansion of the RDF-Direct service is driven by our commitment to support the growth of our customers' business," comments Mike Powell, global head, real-time, Reuters Enterprise Information. "Reuters offers a globally supported and fully managed direct feed service, complementing our consolidated feeds to provide the financial market's with a range of real-time data feeds products," he adds.