ACTIV Financial, a provider of fully managed low-latency market data applications, and Marco Polo Network, which provides trade order routing and services to emerging capital markets, enable high-frequency trading in the Brazilian markets. Leveraging ACTIVs low-latency ticker plant in Brazil, Marco Polo can now provide a single supplier trade execution and market data application.
The tandem of ACTIV Financial and Marco Polo Network will supply Brazils burgeoning capital market with best-of-breed market data infrastructure, information, support and software they need to execute trades faster and better, ACTIVs ultra low-latency service, Hosted ActivFeed Direct and exchange proximity ticker plant which was installed initially to support Marco Polos clients.
Colladorating with ACTIV, Marco Polo enables customers to leverage value-added market data quickly for a simpler, cost-effective trading application in Brazils capital market. The clients with automated trading strategies will also have the ability to subscribe to datafeeds through the ActivFeed API, routing orders directly through Marco Polos FIX gateway.
The partnership with ACTIV will open Marco Polo the ability to access and distribute invaluable low-latency market data in all the major financial markets across four continents, including North America, South America, Europe and Asia.
Working with ACTIV enables us to react to demand by quickly deploying solutions to broker-dealers in these emerging capital markets as needed, says David Meredith, chief technology officer, Marco Polo Network.
ACTIVs technologies had been built from the ground up for rapid deployment and maximum cost effectiveness, says Frank Piasecki, president, ACTIV Financial. This relationship with Marco Polo gives our customers the head start to capitalize on evolving markets and industry dynamics as they emerge.
L.D.