Infodirect is the latest global client to take CMS’s TDI™ Feed, adding to the Company’s existing loyal customer base of quote vendor and other organisations. In taking the TDI™ Feed, customers receive a high-speed wholesale supply of real-time data from a range of the world's leading futures exchanges, together with access to foreign exchange rates. The Feed is offered in various formats including Financial Information eXchange (FIX) and the default protocol from individual exchanges.
A benefit of the TDI™ Feed is that customers can choose the frequency of data delivery, with options such as real-time, delayed, snapshot or end-of-day, on an exchange-by-exchange basis.
Last year, CMS replaced its own ‘ticker plant’ software, (i.e. the system that generates the wholesale data feed) with the Company’s own TDI™ software product. As a result, customers such as Infodirect are able to benefit from an improved and enhanced TDI™ Feed, with increased functionality.
Bob Antell, Chief Executive of CMS, commented:
“We’re very pleased to announce that Infodirect has chosen our TDI™ Feed. Not only is this our first Australasian client, but it also reflects a recent increase in interest in our wholesale data feed. Last year we replaced the system that generates the feed with our TDI™ software, which enables us to offer an improved and enhanced product. We’re delighted to be seeing the benefits of this, as we receive a growing number of enquiries and our global customer base continues to expand.”
About CMS
CMS (www.cms.co.uk) listed on AIM (AIM: CWV) in August 2000. Since its original formation in 1982, CMS has developed extensive expertise in the area of real-time market data collection, processing and distribution.
Until 1997, when a management buy-out took place, CMS was a subsidiary of LIFFE and formerly of the London Commodity Exchange.
CMS is a well-established provider of aggregated market data feeds (TDI Feed) for the wholesale market. The Company has developed the TDI Feed using its proprietary TDI software and carries a range of real-time data from many of the world’s futures and options exchanges.