Interactive Data Corp., a provider of financial market data, analytics and related services, announced that its Real-Time Services business has introduced its new generation of the Titan Data Network. This real-time data distribution network is based on IP Multicast, replacing the existing Internet protocol suite (TCP/IP).
The Titan Data Network-Multicast is designed to handle up to three million messages per second – an increase of more than three times the amount of current volumes – and to save additional milliseconds to help improve latency. This infrastructure supports the delivery of PlusFeedSM, Interactive Data’s consolidated low latency digital data feed.
Interactive Data has observed that market data volumes have increased at least 90 percent annually for five of the last six years. In April 2008 the Options Price Reporting Authority (OPRA) predicted that firms taking in the OPRA feed directly would experience bandwidth requirement increases of 50 percent in excess of its original volume projections made in July 2007. Also, recent OPRA forecasts revealed that these volumes could increase by an additional 30 percent between July 2008 and January of 2009. NYSE Euronext, NASDAQ OMX and MiFID have also been significant contributors to growing market data volumes. The Titan Data Network-Multicast is engineered to accommodate full OPRA and depth of market data.
“Interactive Data’s flexible technology infrastructure can enable us to respond rapidly to significant growth rate projections in data volumes that have been issued by several key exchanges,” says Jay Kilberg, managing director, Interactive Data Real-Time Services. “Exponentially growing market data volumes, coupled with an essential need for improved latency, continue to be important issues for our clients. Launching this new generation of the Titan Data Network that employs the IP Multicast protocol allows us to help clients address these issues now and in the future.”