10:09 AM
Interactive Data Launches European Consolidated Order Book Service
Interactive Data Corporation has launched PlusBook, a consolidated order book service for the European markets.
PlusBook provides sub-millisecond performance and lets users track liquidity across multiple venues in Europe and in the U.S. market.
PlusBook can be integrated with Interactive Data’s PlusFeed data feed as well and provides level 1 and 2 data.
In a statement, Henk D'Hoore, head of Product, EMEA, Interactive Data's Real-Time Services business, said, “Following an in-depth review of the impact of MiFID and in consultation with a wide number of buy and sell-side participants, we believe that we've developed a service that the market wants.”
He added, “PlusBook is designed to help customers meet their best execution requirements - it provides price transparency and allows for more efficient pre and post-trade analysis. It's easy-to-use and offers flexibility and speed, enabling customizable views and faster decision-making.”
The post-MiFID European markets have seen a growing number of Multilateral Trading Facilities (MTFs) and ECNs pop up.