Significant Additional OTC Content from Leading Market Players in FX, Money Markets, Fixed Income and Commodities Through Interactive Data’s Low-Latency PlusFeed
Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that it has further enhanced its rich source of global broker and other over-the-counter (OTC) content available via its low-latency consolidated feed, PlusFeedSM. PlusFeed now offers essential and significant OTC content from the world’s leading inter-dealer brokers and market makers to complement its extensive coverage of global exchange-traded securities.
Content packages from BGC Market Data, L.P., Continental Capital Markets SA (Conticap), Tradition and Tullett Prebon Information are now available via PlusFeed. These include in-depth coverage of foreign exchange (FX), money markets, fixed income, energy and commodities data, sourcing hard-to-find prices in developing products and regions. The data can be used in areas such as pre-trade analytics, mark-to-market, algorithmic trading, portfolio management, risk management and compliance.
The enhanced broker content complements the existing indicative OTC pricing services offered via PlusFeed, which are aggregated from over 150 global banks, brokers and other financial institutions covering the FX, money market, fixed income, precious metals and energy markets. In addition and subject to agreement,
Interactive Data can provide its 7ticks ultra-low latency services to enhance clients’ electronic trading with direct market access (DMA) to some of the largest OTC markets, including BGC Partners (eSpeed), ELX Futures and Hotspot FX.
“Due to the changing global market dynamics and the increasing adoption of cross-asset trading strategies, it is extremely important that buy-side and sell-side institutions have real-time, low-latency pricing transparency into both exchange-traded and OTC markets,” said Don Finucane, vice president of Product Management and OTC Data Services at Interactive Data. ”When combined with Interactive Data’s extensive coverage of global exchange-traded securities, the availability of such rich OTC market data from the world’s leading inter-dealer brokers can allow institutions to paint a comprehensive picture of the overall global financial markets in real-time.”
Interactive Data’s PlusFeed provides data from over 450 sources worldwide, covering more than 130 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.
