Interactive Data Corporation’s Real-Time Services business has launched PlusFeed Select, a cost effective hosted “watch list”-based data feed delivered via a secure, lease line equipped with encryption technology over BT Global Financial Services’ Radianz network.
PlusFeed Select, an extension of Interactive Data’s PlusFeed, is designed for organizations that have limited real-time data requirements but need to draw from a variety of market sources and asset classes including equities, foreign exchange, fixe income, commodities and derivatives to obtain this data.
PlusFeed Select is distributed via Interactive Data’s high-speed Titan Data Network-Multicast, which is designed to handle up to three million messages per second to help improve latency.
“Interactive Data launched PlusFeed Select as a secure service that can help clients address the growing costs resulting from the exponential growth in market data volumes,” says Jay Kilberg, managing director, Interactive Data Real-Time Services. “This service can allow clients to cost effectively access a watch list of instruments from a universe of more than five million instruments with the requisite low latency to support their applications.”
“As market data volumes continue to rise at a rapid pace, the costs that companies incur to obtain real-time data are increasing significantly as well,” says Tom Price, research director, Securities & Capital Markets for TowerGroup. “Market data services which provide a targeted set of real-time data extracted from a broad universe of financial instruments could contain costs and potentially reduce certain elements of data latency.”