SOURCE: Interactive Data

Interactive Data

November 18, 2014 10:00 ET

Interactive Data Selected by UOB Kay Hian to Provide Market Data Feed Services

Consolidated Feed Powers Trading Representatives' Desktops for Retail Trading

NEW YORK, NY and SINGAPORE--(Marketwired - Nov 18, 2014) - Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data feed services designed to facilitate electronic trading, today announced an agreement to provide the firm's Consolidated Data Feed to UOB Kay Hian. UOB Kay Hian is Singapore's largest and only listed broker with regional operations and presence in key financial markets in Asia, North America and Europe.

To gain a competitive advantage, retail brokerage firms require cost-effective access to real-time market data to directly address the investing needs of customers. To meet this requirement, UOB Kay Hian selected Interactive Data's Consolidated Feed to power the firm's DZH NextVIEW Advisor desktop software. The DZH NextVIEW front end encompasses almost 1,000 desktop screens in the UOB Kay Hian Singapore office and is used by its trading representatives to better serve their clients' trading needs.

"Fragmentation and higher data volumes are just a few of the challenges confronting brokerage firms today," said Gary Tan, Executive Director at UOB Kay Hian. "We are pleased to have Interactive Data's Consolidated Feed for our global multi-market trading needs. Interactive Data's established best practices relating to software and service requirements give us an immediate competitive advantage, and allow us to focus our efforts on core business strategies that are designed to better serve our customers."

"Interactive Data strives to help clients build powerful, robust and competitive trading solutions that enable them in turn to provide investors with the connectivity and market data needed to navigate today's ever evolving global trading landscape," said Dan Videtto, Managing Director -- Asia Pacific, for Interactive Data. "After a thorough data assessment and commercial testing period, we are pleased that UOB Kay Hian chose to work with us."

Interactive Data's Consolidated Feed covers more than 150 exchanges and 110 contributors of OTC data and includes multi-asset class instrument coverage and extensive Level 2 data. The Consolidated Feed is also available via Interactive Data's 7ticks network, which provides direct connectivity to more than 50 global futures and options, equities and FX exchanges and trading venues for multi-asset class and ultra-low latency trading.

"DZH NextVIEW is pleased to work with Interactive Data to extend its reliable multi market and multi asset terminal solution to UOB Kay Hian," said Janet Yap, CEO at DZH NextVIEW. "With more service offerings from the DZH Group of Companies planned for the near future, DZH NextVIEW looks forward to redefining how its financial solutions are presented to the local and regional markets."

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.

About UOB Kay Hian

UOB Kay Hian is a regional broking and corporate finance services group headquartered in Singapore. It is the largest domestic broker by size of sales-force and shareholder's equities. UOB Kay Hian has about 3,000 staff globally with presence in key financial markets in Asia, North America and Europe. It also provides high value added services in corporate fund raising exercises such as IPOs, secondary placements and other investment banking activities utilizing its wide and deep distribution capabilities.

About DZH NextVIEW

DZH NextVIEW is Asia's leading financial data provider offering a consolidated suite of reliable real-time market data, in-depth news and analytical tools. Through its financial terminals, information portal, financial conferences & education events, DZH NextVIEW delivers unparalleled insights and decision support solutions to the institutional and retail investment community. DZH NextVIEW is a subsidiary of Shanghai DZH Ltd (DZH). Shanghai-listed DZH is the largest provider of financial information for business professionals in mainland China. It has a total of 130 million registered Chinese users with an online reach of 5 million per day through its desktop financial terminal. With 6,000 staff, it is headquartered in Shanghai with operations across mainland China, Hong Kong, Japan, Singapore and Malaysia.

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