NEW YORK, Nov. 9, 2015 /PRNewswire/ -- Interactive Data, a trusted global provider of financial market data, analytics and related services, today announced that it has received the Best Pricing/Valuation Service Award and the Best Low-Latency Trading Network Award at the Waters 2015 Buy-Side Technology awards, which were announced on November 6.
Judged by an experienced panel of journalists, independent analysts and industry experts, the awards recognize Interactive Data's continuous fixed income evaluated pricing as the first of its kind to offer multi-asset class continuous evaluated pricing throughout the trading day. According to Buy-Side Technology, the Best Pricing/Valuation Service Award recognizes broad product coverage and robust pricing services for the buy side.
Also recognized is Interactive Data's 7ticks service for its ability to provide high-quality low-latency infrastructure and support. The Best-Low Latency Trading Network Award focuses on the underlying trading architecture/network's broadness of connectivity, proximity to market centers and exchanges, and its ability to manage large data/trade volumes without adding unnecessary latency.
Interactive Data's 7ticks service offers solutions including direct market access (DMA), advanced co-location and proximity hosting, connectivity to global direct exchange data and consolidated data, as well as to reference and corporate actions data. 7ticks' direct connectivity is also available for a wide range of global futures and options, equities and FX exchanges and trading venues for multi-asset class and ultra-low latency trading.
Interactive Data's continuous fixed income evaluated pricing provides pre-trade transparency support and price discovery throughout the trading day – across multiple fixed income asset classes. This service – the first of its kind – provides the industry with a new level of pre- and post-trade transparency. Clients now have deeper visibility into factors such as: time of trade, method/protocol, counterparty, venue and portfolio manager/trader performance, which can be used to drive enhanced price discovery, trading workflows and idea generation, efficiency gains in workflows to support ETF monitoring, trading, intra-day internal crossing and redemptions, improvements to post-trade best execution analysis, compliance and transaction cost analysis, and risk and credit utilization monitoring.
"The continued electronification of the bond market requires buy-side firms to have a deeper understanding of pricing and valuation as well as state-of-the-art infrastructure and connectivity services to support their business. We are honored to have been recognized by Buy-Side Technology for our innovation in market transparency and trading infrastructure," said Jay Nadler, Chief Operating Officer, Interactive Data.
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.
Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information about Interactive Data please visit: www.interactivedata.com.
SOURCE Interactive Data Corporation