From the Wires
Interactive Data Expands Network Connectivity With New POP for London Stock Exchange
By: Marketwired .
Dec. 17, 2012 02:00 AM
LONDON -- (Marketwire) -- 12/17/12 -- Interactive Data Corporation, a leading global provider of managed ultra-low latency infrastructure and market data feed services designed to facilitate electronic trading, today announced the expansion of the Interactive Data 7ticks® network to include a new point-of-presence (POP) for the London Stock Exchange (LSE) within the LSE's co-location data centre.
Growth in demand for greater data centre connectivity services in London continues to be driven by the city's position as a global financial hub. The new POP offers a local access point to LSE, Milan, Oslo and Turquoise and is designed to provide Interactive Data's client base with significantly improved latency performance regardless of data volume or market conditions.
Interactive Data's 7ticks network provides direct connectivity to more than 50 global markets, advanced co-location and proximity hosting to global direct exchange data, consolidated data, as well as reference and corporate actions data. Direct connectivity is available to a wide range of global futures and options, equities and FX exchanges and trading venues for multi-asset class and ultra-low latency trading.
The connectivity between the 7ticks core network and the new POP offers additional cost benefits, allowing the entire consolidated data feed to be made available locally, via leased line or co-location of equipment, with additional capacity available for future growth in data volumes.
"London is a major centre for electronic trading and as such is continually evolving, which creates a high level of demand for our services as clients expect better connectivity and faster execution times," said Emmanuel Doe, president, Trading Solutions Group for Interactive Data. "Our enhanced presence through this new POP complements our existing infrastructure in London and is designed to enable clients to obtain ultra-low latency access, global support, and reduced total cost of ownership -- all through a single service provider."
Clients utilising the 7ticks network also have access to Interactive Data's low latency, consolidated global data feed. This delivers low latency data from more than 450 sources worldwide, covering more than 150 exchanges and including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications, and is now supported by ticker plants located throughout North America, Europe and Asia.
About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.
Interactive Data 7ticks is a business of Interactive Data Real-Time Services.
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