SOURCE: The Bond Buyer

March 11, 2008 10:55 ET

The Bond Buyer's RapiData Debuts Its Digital Economic Data Feed for Top Algorithmic Trading Firms

NEW YORK, NY--(Marketwire - March 11, 2008) - The Bond Buyer's RapiData debuted on March 7th with pilot access to the Bureau of Labor Statistics' monthly Employment Report for top algorithmic trading firms. The Bond Buyer's RapiData offers ultra high-speed delivery of major US economic indicators, including releases from the BLS, Commerce Department, and Treasury Press Room. Data is delivered direct from Washington, D.C. to the Equinix co-location facility in Chicago -- the same facility that hosts the nation's largest financial-futures exchange. Transmitting over a customized network designed to minimize latency for traders seeking instant execution when economic news breaks, The Bond Buyer's RapiData intends to set a new industry standard for delivery of this crucial news.

"We're extremely excited about this launch," said Mike Stanton, publisher of The Bond Buyer. "This product has been designed with a great deal of collaboration and advice from its end users. Adding this dimension of powerful, reliable content to the automated trader's toolset is essential to success in the modern trading arena, and we are very excited to bring it to them."

About The Bond Buyer's RapiData:

The Bond Buyer's RapiData is a new economic data service designed from the ground up to offer traders an extremely low-latency news feed direct from the U.S. Bureau of Labor Statistics, Commerce Department, and Treasury Press Room. RapiData accomplishes this high-speed delivery by avoiding the main causes of latency, such as serialization delay, switching delay and propagation delay. RapiData's machine-readable format and efficient data packaging allows for near-instant input into algorithmic trading systems. The integrity of the data delivered over the network is ensured by The Bond Buyer, SourceMedia's daily newspaper of municipal finance, which boasts a 117-year history as the nation's most reliable source of news and information impacting the U.S. fixed-income markets.

About SourceMedia:

SourceMedia, an Investcorp company, provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences.

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