NEW YORK, NY--(Marketwire - Nov 26, 2012) - Interactive Data Corporation, a leading provider of managed ultra-low latency infrastructure and market data services designed to facilitate electronic trading, today announced a new version of the Interactive Data RMDS Feed Handler, capable of delivering a lower latency consolidated data feed at a reduced total cost of ownership.
The highly optimized RMDS Feed Handler is designed to offer Interactive Data's Consolidated Feed across a customer's entire market data platform infrastructure, powering multiple applications without a laborious re-engineering effort.
The Interactive Data RMDS Feed Handler presents data to applications using the same data models they were originally designed to utilize. This approach enables applications to seamlessly consume the Interactive Data Consolidated Feed content of global cross-asset data, including tick-by-tick Level 1 and full order book data, covering over 450 sources, in exactly the same way as their legacy feed sources.
As a result of this data format compatibility, the service offers a lower total cost of ownership through minimal application integration effort, controlled rollout capability, and reduced maintenance costs.
"Unless data from a new feed service is presented in a similar format or data model to the one in which the applications have been written, there can be an extremely high level of re-engineering required across every existing application that must integrate with it," said Emmanuel Doe, president, Trading Solutions Group at Interactive Data. "Our high performance and scalable Feed Handler is designed to alleviate this challenge for customers while helping them to realize potentially substantial cost savings with the Interactive Data Consolidated Feed."
Interactive Data's low latency and high reliability are a consequence of a state-of-the art distribution network and infrastructure with fully redundant and geographically diverse ticker plants featuring a processing time of less than 10 milliseconds, with access points of presence in 18 global hosting locations.
About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.
Interactive Data and the Interactive Data logo are service marks of Interactive Data Corporation, and registered service marks in Australia, European Community, Germany, Japan, Korea, New Zealand, Switzerland, and Taiwan. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners.
For more information, please visit www.interactivedata.com