Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, announced that its Real-Time Services business now offers real-time last sale and quote data for all U.S. securities from BATS Trading (BATS), operator of the third-largest U.S. equity market.
The BATS data is delivered to Interactive Data’s clients via PlusFeedSM, the Company’s consolidated high-quality, low latency digital datafeed. PlusFeed is designed to power algorithmic and electronic trading applications.
Interactive Data’s Managed Solutions business, which designs, builds and hosts customized financial market information systems, also offers a new ECN package to provide BATS data on the Market Data Gateway. This fast and flexible open platform enables the aggregation and normalization of financial market data from a variety of sources. Clients can retrieve BATS data via PrimePortal, Interactive Data’s solution for customized web-based applications that provides visualization and analysis of real-time and delayed financial data, and via PrimeTerminal, a customizable financial terminal. Clients who utilize PrimeDeveloper, Interactive Data’s comprehensive development services package, can obtain the ECN package via several application programming interfaces.
BATS recently received approval from the U.S. Securities and Exchange Commission to become a registered national securities exchange and now has more than 10 percent matched volume traded in U.S.-listed securities. Interactive Data’s data delivery mechanisms have been designed to support the full BATS order book along with that of BATS’ European Markets division, expected to launch this fall.
“Interactive Data continues to see significant increases in trade volumes as we connect to emerging exchanges such as BATS,” said Jay Kilberg, managing director, Interactive Data Real-Time Services. “Our ability to respond by delivering low latency real-time BATS data coverage via PlusFeed, and through the market data platform of our Managed Solutions business, underscores our commitment to providing our clients with timely access to the most relevant market centers as the securities industry landscape continues to evolve and change.”
"We are pleased with Interactive Data’s commitment to providing real-time market data by using BATS’ full depth of book, including bids and asks at all price levels,” said BATS Chief Executive Joe Ratterman. “The BATS data feed includes critical real-time data elements which can help Interactive Data’s clients to obtain a more comprehensive reference price for their securities.”
