Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data services to facilitate electronic trading today announced that its ticker plants in Asia are now live. Based in two data centres in Hong Kong, the new ticker plants offer a significant reduction in the latency of PlusFeed, Interactive Data's low-latency, consolidated global data feed.
With increasing adoption of electronic trading in Asia, market data has become a crucial issue. Firms require high quality data at the desired speed from across the region. The new ticker plants, located with Pacnet at MEGA-iAdvantage and with Equinix in their HK1 facility, provide Interactive Data's clients with lower latency access to Asian venues covered by PlusFeed, as well as to a wide range of additional international sources.
Interactive Data's new low-latency co-location facilities in Hong Kong will also offer international clients the option to co-locate their applications alongside the ticker plants. This will enable them to obtain optimised low-latency delivery of Asian data via the Interactive Data sites in Hong Kong.
Emmanuel Doe, president, Trading Solutions Group for Interactive Data, said: "With the growth of electronic trading in Asia and higher data volumes globally, clients in Asian markets have an increasing need for cost-effective, real-time market data and delivery. We continue to expand our electronic trading services in Asia and elsewhere throughout the world to meet these requirements."
Dan Videtto, managing director for Asia Pacific for Interactive Data, added: "The addition of two new ticker plants within one of the region's primary trading hubs is a significant development. This is one of many enhancements that we will be delivering to Asian markets as we look to support firms in the region through our low latency data and global trading infrastructure solutions."
Interactive Data's PlusFeed delivers low-latency data from more than 450 sources worldwide, covering more than 140 exchanges and including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications and is now supported by ticker plants located in Europe, the US and Asia.
In addition, clients can use the Interactive Data 7ticks network to gain direct market access (DMA), advanced co-location and proximity hosting to global direct exchange data, consolidated data, as well as reference and corporate actions data.
Direct or cross-connect access to a wide range of global exchanges is also available in Asia through Interactive Data's Points of Presence (POPs) with leading global providers of data centers and technology services, including Equinix, Interxion, Telex and KVH.