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Client Focus - Real-Time Market Data

Financial Institution

A large financial institution selected PlusFeed to provide low-latency global data to an array of mission-critical applications. The data is distributed via a major middleware platform to support external trading, P&L, risk management and portfolio analysis applications. PlusFeed also serves as a backup to direct exchange datafeeds for program and algorithmic trading applications.

The institution selected PlusFeed because of its low-latency data delivery and comprehensive global exchange coverage, which includes extensive level 2 data. The client also was impressed with Interactive Data’s level of support for and responsiveness to both developers and business-line personnel.

In addition to real-time data, the institution also utilizes Interactive Data for an array of end-of-day pricing and reference data including corporate actions data, and is considering services from the company’s Web-based Solutions business to help deliver Internet-based financial information applications to internal and external users.

EMS Provider

A global execution management system (EMS) selected PlusFeed for its extensive level 1 and level 2 international equities, futures and derivatives data. The EMS provider was looking for low-latency data from markets in Europe, including ECNs and emerging markets, as well as Asia Pacific. In addition to being able to supply this data, Interactive Data also had proven experience in working with the middleware used by the firm.

The EMS provider measured PlusFeed’s speed against the services of other providers, and determined that Interactive Data delivered lower latency. PlusFeed is designed to deliver every tick of level 2 data and the data is not conflated. This client views Interactive Data as a strategic partner, and Interactive Data structured the commercial agreement with relatively low start-up costs while the client worked to expand its business.

Hedge Fund

A U.S.-based tier-one hedge fund looking for low-latency data and breadth of content for an array of applications selected Interactive Data’s PlusFeed and PlusTick Server to help support its business. The hedge fund is relying on PlusFeed to fuel its algorithmic trading, P&L and risk management applications, and to provide tick history, and uses PlusTick Server to capture the tick data for back-testing.

In addition to level 1 and level 2 global equities, derivatives and commodities data, including full OPRA data, the fund also uses Interactive Data’s OTC Data Services for indicative FX pricing. The hedge fund selected PlusFeed because of its speed, reliability, data coverage, support and licensing flexibility. The breadth of coverage is designed to empower the client to capitalize on new opportunities and gain a competitive advantage in the marketplace.