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INTERACTIVE DATA ENHANCES ACCESS TO LOW LATENCY DATA IN SCANDINAVIA
New point of presence in Scandinavia designed to provide significantly faster connectivity to Interactive Data’s low latency datafeed, PlusFeed
London : 7 January 2008
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced that its Real-Time Services business has expanded its geographical reach with a new point of presence (POP) located in Stockholm, Sweden.
The new POP provides a local access point designed to provide Interactive Data's Scandinavian client base with significantly improved performance, regardless of data volume or market conditions. It can also offer cost benefits as customers will be able to connect to the low latency PlusFeed service locally via leased line or co-location of equipment. The connectivity between Interactive Data's core network and the new POP can allow the entire PlusFeed dataset – including extensive order book content – to be made available locally in Scandinavia, with additional headroom available for future growth in data volumes.
Infront, which provides market data and trading solutions for global financial players, is the first customer of the new POP. Joachim Rosli, Infront’s head of Business Development, commented: “We are delighted to offer our Nordic customers fast access to international data. Our flagship product, The Online Trader, offers cost efficient electronic trading on European and North American exchanges, and the PlusFeed capacity can allow us to manage the expected increased data volumes for years to come.”
David Hann, general manager, EMEA, Interactive Data Real-Time Services, added: “We are pleased to provide our Scandinavian customers with this new access point, which is additional to Interactive Data's existing POPs throughout Europe. We can also offer a flexible VPN for customers who are looking for limited content sets in order to minimise bandwith.”
Interactive Data’s high quality datafeed, PlusFeed, is a trusted source of low latency data for algorithmic and electronic trading applications. With PlusFeed, customers can access a broad range of low latency data from over 450 sources and exchanges worldwide, covering in excess of 3.4 million securities.
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 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, is Interactive Data
Corporation's majority stockholder.
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 customised
financial market information systems.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com
Interactive Data and the Interactive
Data logo are service marks of Interactive Data Corporation.
For further information about Interactive Data please contact:
INTERACTIVE DATA CORPORATION:
Investors
Andrew Kramer
Tel: +1 781-687-8306
Email: andrew.kramer@interactivedata.com
Media
Sue Mitchell (European media)
Tel: +44 (0)20 7825 8076
Email: sue.mitchell@interactivedata.com
John Coffey (US Media)
Tel: +1 781-687-8148
Email: john.coffey@interactivedata.com
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