About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Datafeed Dilemma

Subscribe to our newsletter

Q: When is a datafeed not a datafeed? A: When it’s a datafeed handler. When we were compiling our wonderful report Faster Than A Speeding Bullet: Low Latency Architectures And Building Blocks For Tomorrow’s Trading Applications, we included profiles of vendors who sell datafeed handlers. At first, we left out Reuters Data Feed Direct because we had it marked as a datafeed itself, but – upon further investigation – we decided we had to include it. For Reuters Data Feed Direct is perhaps more a datafeed handler than it is a datafeed itself.

Take a look at Reuters own marketing information and (IMHO) the impression one gets is that RDFD is indeed a datafeed. For starters, the product name suggests it, and mention of it being a “fully managed” service reinforces that view.

RDFD is indeed managed – Reuters suppliers the hardware, the software, supports the whole enchilada and handles all of the vital administrative functions such as pro-active monitoring, retransmissions, symbology mapping, listing changes, options rollover, etc. Yep, it’s managed.

But when it comes to connecting with the data sources – NYSE, Nasdaq, OPRA etc. – that is down to the customer to manage, so it is the customer who contracts directly with the data source, and who deals with connectivity directly to the data source. Feeds from the various sources arrive at the customer separately, and are integrated via the RDFD platform at the customer. Sounds like a datafeed handler to me (and I used to program these suckers, freezing my ass off in the computer rooms at customer sites, so I should know).

I guess it’s the word “Direct” in the product name that is key here. As it is for Interactive Data’s DirectPlus, which combines the integration of direct feeds with a hosted proximity solution to reduce latency to a minimum. Oh, I gather that Reuters plans also to introduce a proximity service this year.

Until next time … here’s some good music.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Reviewing the Latency Landscape and the Next Generation of Ultra-Low Latency Infrastructure

Ultra-low latency is no longer the preserve of a handful of proprietary trading firms. As new asset classes electronify, data volumes surge, and regulatory expectations around execution quality and resilience tighten, the performance demands on trading infrastructure are broadening across sell-side desks, electronic market makers, and an expanding range of buy-side participants. The technology landscape...

BLOG

The Low-Latency Race Shifts from Speed to Scale and Control

For years, the evolution of low-latency trading infrastructure has largely been measured in one direction: faster. Microseconds became nanoseconds as trading firms invested in colocation, network optimisation, specialist hardware and FPGA acceleration to gain an edge in markets where position in the queue can determine whether an order is filled. That race hasn’t gone away....

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...