Interactive Data Corporation, a provider of financial market data, analytics and related solutions, says its “Real-Time Market Data and Trading Solutions Group” has launched a new version of its “Client Site Processor.” The CSP supports the delivery of “PlusFeed,” Interactive Data’s low-latency global data feed used by financial institutions worldwide to power algorithmic and electronic trading applications.
Interactive Data says market data volumes increased by at least 90 percent annually for four of the last five years. The Options Price Reporting Authority also has projected volumes of 3.2 million messages per second for January 2010, rising by nearly 30 percent to 4.1 million in January 2011.
The new version of the CSP is designed to handle up to 9.4 million messages per second, and can help clients improve financial message processing performance by up to 70 percent.
The new CSP is engineered to accommodate full OPRA and depth of market data and keep pace with current estimates of anticipated volume growth until the first half of 2011, Interactive Data says.
The CSP also can help PlusFeed clients control costs by supporting a compact output format that reduces the server’s output by a ratio of approximately 7:1, the company says.
The new CSP also supplies “best-of-both” logic with a new line arbitration capability in which clients can feed two lines into the CSP to help minimize gaps caused by network or telecommunications problems.
These gaps could result in missing data in the sequence of the packets.
This functionality is also available to clients using the high-speed Titan Data Network-Multicast.
That real-time data distribution network is designed to handle up to six million messages per second and to help clients save additional milliseconds and improve latency.
–By Gary Kim