Interactive Data Corporation enhanced its PlusFeed software to now offer OTC content to complement its coverage of global exchange-traded securities.
Content packages from BGC Market Data, L.P., Continental Capital Markets SA (Conticap), Tradition and Tullett Prebon Information are now available via PlusFeed. These include in-depth coverage of FX, money markets, fixed income, energy and commodities data, sourcing hard-to-find prices in developing products and regions. The data can be used in areas such as pre-trade analytics, mark-to-market, algorithmic trading, portfolio management, risk management and compliance.
Due to the changing global market dynamics and the increasing adoption of cross-asset trading strategies, it is extremely important that buy-side and sell-side institutions have real-time, low-latency pricing transparency into both exchange-traded and OTC markets, says Don Finucane, vice president of product management and OTC data services at Interactive Data. When combined with Interactive Datas extensive coverage of global exchange-traded securities, the availability of such rich OTC market data from the worlds leading inter-dealer brokers can allow institutions to paint a comprehensive picture of the overall global financial markets in real-time.
Interactive Datas PlusFeed provides data from more than 450 sources worldwide, covering more than 130 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.
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