PlusFeed to power algorithmic and electronic trading applications
Interactive Data, a provider of financial market data, analytics and related services, has announced that its real-time services business now offers real-time last sale and quote data, along with depth-of-market data, for securities traded on Canada’s Pure Trading, a facility of CNSX Markets, a stock exchange in Canada that also operates the Canadian National Stock Exchange.
According to Interactive Data, Pure Trading data is delivered to the company’s clients via PlusFeed, its consolidated high-quality, low latency digital datafeed. PlusFeed is designed to power algorithmic and electronic trading applications.
In addition, Pure Trading data is expected to be available to Interactive Data’s clients via eSignal, the flagship product of Interactive Data’s desktop services business that is expected to provide real-time, financial data and decision support tools to active traders and professionals worldwide.
Jay Kilberg, managing director of real-time services at Interactive Data, said: With an increasing number of clients seeking to obtain real-time data on a variety of companies in Canada, currently the world’s fourth largest trading market, we have responded by offering low latency delivery of Pure Trading data. The availability of this data through PlusFeed can enable our clients to access critical Canadian capital market information.
Ian Bandeen, CEO and vice chairman of CNSX Markets, said: We are pleased that Interactive Data is providing its clients with real-time market data from Pure Trading to assist them with generating more comprehensive pricing information for securities. The ability to obtain this information from Pure Trading will continue to be important to market data providers as Pure Trading continues to attract more and more high frequency traders to the Canadian marketplace.