| INTERACTIVE DATA TO OFFER NEW DIRECT EXCHANGE
ULTRA-LOW LATENCY DATA SERVICE
New Fully-Managed Service Designed to Deliver Sub-One Millisecond
Data for Financial Applications; Can Help Customers Minimize Costs
and Mitigate Technology Complexity
March 6, 2007
New York -- Interactive
Data Corporation (NYSE: IDC), a leading provider of financial market
data, analytics, and related services, today announced that its
Real-Time Services business will offer DirectPlus, a new ultra-low
latency direct exchange data service.
The service, which is planned for release in the second quarter
of 2007, is designed to provide customers with access to sub-one
millisecond data for powering a range of low latency financial applications,
including algorithmic trading engines and order management systems.
DirectPlus is a fully managed service that leverages Interactive
Data's high-performance ticker plant for delivering ultra-low latency
data despite massive increases in data volume. It utilizes sophisticated
tools designed to ensure data quality and optimal latency, and centrally
implements exchange data format and protocol changes, which can
help eliminate the need for customers to deal with these issues.
DirectPlus also monitors bandwidth capacity, which is designed to
ensure that all incoming exchange lines and feeds to customer applications
have the necessary capacity.
With these features, DirectPlus is designed to help customers overcome
a range of challenges, including the high-costs and complex technology
that are often associated with establishing direct-to-exchange feeds.
Upon its release, DirectPlus data coverage will include NYSE Openbook
(including "Best Quotes"), Nasdaq Level 1 and SingleBook, ArcaBook
and Direct Edge ECN. Interactive Data plans to continue to expand
the universe of direct data delivered through DirectPlus.
In addition to ultra-low latency data from these sources, Interactive
Data offers customers a range of other optional services that complement
DirectPlus. These include: global exchange data from the over 450
sources available via PlusFeed, Interactive Data's real-time consolidated
feed, tick histories, global news, reference data, corporate actions,
fundamental data, calculated indicators and OTC market data.
By providing access to multiple liquidity pools, ultra-low latency
data and offering a seamless integration into a comprehensive tick
history database, DirectPlus can be used by customers as they seek
to meet the "best execution" compliance mandates stipulated by Reg
NMS.
DirectPlus will be hosted at the New York metropolitan data center
of BT Radianz, a leading global provider of financial services connectivity.
By utilizing Radianz Proximity Solution in New York, customers can
co-locate their applications alongside DirectPlus, which can enhance
ultra-low latency by capturing data directly at the delivery point.
"Historically, it had been very expensive and technically challenging
for firms to establish direct-to-exchange datafeeds for their low-latency
financial applications," said Mark Hepsworth, president of Interactive
Data Real-Time Services. "With DirectPlus, we will provide customers
with a turnkey offering that leverages Interactive Data's expertise
in the collection and delivery of ultra-low latency data within
the secure hosting environment provided by BT Radianz. This new
offering is designed to help a broad range of clients, including
hedge funds and buy- and sell-side firms, more quickly and cost
effectively access and utilize sub-one millisecond data for their
most innovative financial applications. And because DirectPlus is
fully-managed, we remove significant technology burdens from customers,
freeing up more of their time to focus on their core strengths of
developing and enhancing proprietary financial systems. We are also
offering a range of other services to support their trading strategies."
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global provider
of financial market data, analytics and related services to financial
institutions, active traders and individual investors. The Company's
businesses supply time-sensitive pricing, evaluations, dividend,
corporate action and reference data for more than 3.5 million securities
traded around the world, including hard-to-value instruments. Many
of the world's best-known financial service and software companies
subscribe to the Company's services in support of their trading,
analysis, portfolio management and valuation activities. Through
its businesses, Interactive Data Pricing and Reference Data, Interactive
Data Real-Time Services, Interactive Data Fixed Income Analytics,
and eSignal, the Company has approximately 2,200 employees in offices
located throughout North America, Europe, Asia and Australia. The
Company is headquartered in Bedford, Mass. Pearson plc (NYSE: PSO;
LSE: PSON), an international media company, whose businesses include
the Financial Times Group, Pearson Education, and the Penguin Group,
owns approximately 62 percent of the outstanding common stock of
Interactive Data Corporation.
Interactive Data Real-Time Services is a leading provider of real-time
global market data to financial institutions, redistributors and
online financial portals worldwide. Offerings from Interactive Data
Real-Time Services include PlusFeed, a consolidated, low latency
datafeed. Also managed as part of this business is Interactive Data
Managed Solutions, a leading provider and operator of customized
financial market information systems.
For more information about Interactive Data and its businesses,
please visit www.interactivedata.com.
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