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Interactive Data to provide access to Middle Eastern exchange data from XData

  • United Arab Emirates: Tuesday, October 20 - 2009 at 11:28
  • PRESS RELEASE

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that its Real-Time Services business has signed an agreement with XData, a market data solutions provider for the Middle East and Africa (MEA) region, to supply financial market data from exchanges in the Gulf Cooperation Countries (GCC).

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The data is scheduled to go live in the fourth quarter of 2009, and will be made available via PlusFeed, Interactive Data's consolidated, low-latency datafeed.

Interactive Data will source real-time pricing for the Middle Eastern stock markets from XData, covering: Abu Dhabi Securities Exchange (United Arab Emirates), Bahrain Stock Exchange (Bahrain), Doha Securities Market (Qatar), Dubai Financial Market (United Arab Emirates), Muscat Securities Market (Oman), NASDAQ Dubai (United Arab Emirates), and Tadawul (Saudi Arabia).

Interactive Data will access the feeds via the XD[TickerPlant], XData's ultra-low latency information dissemination platform, using XData's proprietary infrastructure XD[Xtranet].

"Interactive Data's global customer base and XData's market data solutions for the Middle East make this arrangement an ideal match. We've seen strong demand for market data from this region, and with our knowledge and technical expertise in providing solid connectivity to the exchanges, and real-time market data feeds to international customers, we are delighted to enter into this agreement with Interactive Data,"

said Nezar Freeny, CEO of XData.

"PlusFeed already covers a wide array of data and we are consistently seeking ways to further enhance the feed with additional new coverage and the latest technology. This arrangement with XData creates a strong value proposition for our customers, allowing them to be among the first to get direct access to data from key exchanges in the Middle East," added Hilary London, General Manager, EMEA, Interactive Data's Real-Time Services business.

PlusFeed delivers low latency data on over six million securities from more than 450 sources around the world, including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications.
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Notes and media contacts

About Interactive Data Corporation:
Interactive Data Corporation is a leading global provider of financial market data, analytics and related solutions to financial institutions, active traders and individual investors. The Company's businesses supply real-time market data, time-sensitive pricing, evaluations and reference data for millions of securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Interactive Data, headquartered in Bedford, Mass., has approximately 2,400 employees in offices located throughout North America, Europe, Asia and Australia. Pearson plc, an international media company, whose businesses include the Financial Times Group, Pearson Education, and the Penguin Group, is Interactive Data Corporation's majority stockholder.

Interactive Data's Real-Time Services business is a leading provider of real-time global market data to financial institutions, redistributors and online financial portals worldwide. Offerings from Interactive Data include PlusFeed, a consolidated, low-latency digital datafeed. Also managed as part of this group is Interactive Data's Managed Solutions business, a leading provider and operator of customised financial market information systems.

Interactive DataSM and the Interactive Data logo are service marks of Interactive Data Corporation. PlusFeed is a service mark of Interactive Data Real-Time Services. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners.

About XData:
XData is a market data solutions provider that provides a wide range of financial information services for the Middle East and Africa (MEA) region. XData is a Canadian - Arabian company that is strategically located at the Dubai International Financial Centre (DIFC), targeting the financial services industry by offering its services to data vendors, financial institutions, software vendors and media outlets. XData's offerings range from market data solutions that include low-latency market datafeeds, to professional services and proximity hosting.

Contact:
Derya Deniz
Assistant Marketing Manager
XData
Amanah XData LLC
Level 6, Gate Precinct Building 3
DIFC | Dubai International Financial Centre
PO Box 506699, Dubai United Arab Emirates
Tel +971 4 3800 800
Fax +971 4 3800 801

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