Interactive Data Corporation’s Real-Time Services business will now offer DirectPlus, a new ultra-low latency direct exchange data service.
The service, which is planned for release in the second quarter of 2007, is designed to provide customers with access to sub-one millisecond data for powering a range of low latency financial applications, including algorithmic trading engines and order management systems.
“Historically, it had been very expensive and technically challenging for firms to establish direct-to-exchange datafeeds for their low-latency financial applications,” says Mark Hepsworth, president of Interactive Data Real-Time Services.
“With DirectPlus, we will provide customers with a turnkey offering that leverages Interactive Data’s expertise in the collection and delivery of ultra-low latency data within the secure hosting environment provided by BT Radianz.”