23.02.2006 12:00:00
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Susquehanna International Group Selects Reuters Data Feed Direct
RDF-Direct is a Reuters managed direct exchange feed service whichdirectly connects Susquehanna to the raw exchange feeds from tradingvenues giving the firm the fastest access to the data.
Susquehanna becomes the sixth client to sign with Reuters for theRDF-Direct OPRA service following its launch in the second half oflast year. Reuters intends to expand coverage of the RDF-Direct suiteof managed direct exchange feed services with plans for over forty newvenues globally by the end of 2006. This will include support for fullorder book feeds, built using the new flexible Open Message Modelprovided by the Reuters Foundation API (RFA), and fully supported bythe latest release of Reuters Market Data System (RMDS v6).
Glenn Wasserman, Global Head of Product and Capabilities, ReutersEnterprise Information, said: "We are delighted that Susquehanna haschosen RDF-Direct as a key component for satisfying their demand forthe fastest access to market data. Our managed service offeringcombined with full integration into RMDS, our leading market dataplatform, is a powerful combination which will enable Susquehanna'straders to make better informed and faster decisions."
Dave Lenowitz, Global Head of Technology, Susquehanna, said: "Weselected Reuters managed direct data feed, RDF-Direct, to enable us tofocus our resources on high value added activities, rather than datamaintenance and administration. Seamless implementation on ourexisting RMDS backbone has made this easy to deploy, and theconsistency with existing data formats has made it possible tovalidate the quality and reduced latency of the RDF-Direct. Inaddition, Reuters strong commitment to ensure support for key vendorapplications contributed to our decision to use the RDF-Direct."
About Reuters
Reuters (www.reuters.com), the global information company,provides indispensable information tailored for professionals in thefinancial services, media and corporate markets. Its trustedinformation drives decision making across the globe based on areputation for speed, accuracy and independence. Reuters has 15,300staff in 89 countries, including staff from the acquisition ofTelerate in June 2005. It also includes 2,300 editorial staff in 189bureaux serving 128 countries, making Reuters the world's largestinternational multimedia news agency. In 2005, Reuters revenues wereGBP 2.4 billion.
Reuters and the sphere logo are the trade-marks of the Reutersgroup of companies.
About Susquehanna International Group, Inc.
The Susquehanna International Group of Companies (SIG), a leadinginstitutional sales, research and market making firm, offers renownedexecution expertise in listed, NASDAQ, Exchange Traded Funds (ETFs),options, program trading and American Depositary Receipts (ADRs). SIGalso provides unbiased, differentiated equity research to theinstitutional asset management community. SIG encompasses a NASDAQmarket making operation in over 3,000 stocks, is among the nation'slargest option market makers and specialist in over 600 optionclasses, is the leading sector index options trading firm and is oneof the largest liquidity providers in ETFs. SIG has offices in BalaCynwyd, Boston, Chicago, Dublin, New York, Philadelphia, San Franciscoand Sydney. For more information, please visit www.sig.com.
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