New application will enable customers to more efficiently navigate Europe’s increasingly fragmented liquidity landscape. The mutual customer base of new service includes banks, asset managers, hedge funds and exchanges.
New tool is based on the Fixnetix low latency market data feeds and excels through aggregation speed, ultimate aggregation flexibility, sophisticated business logic, high levels of data quality, and easy to deployment.The application aggregates Level I and Level II market data feeds from the various exchanges and MTFs into a European consolidated tape and quote feed as well as an aggregated full depth order book feed.
The aggregated consolidated tape, quote, and liquidity feeds will be used by buy and sell side firms to establish a new benchmark for Pan-European trading activities.
Key features of the tool:
-Flexibility to request customer specific aggregated views featuring the ability to dynamically include and exclude specific venues;
-Enhanced best execution price discovery;
-Low total cost of ownership (TCO);
-Significantly reduced time-to-deployment;
-Ease of integration by leveraging standard messaging infrastructure.
“We are excited to be collaborating with Fixnetix and to jointly enter the market with the Europe’s first Consolidated Tape, Quote, and Liquidity feed,” says Valerie Bannert-Thurner, managing director, Skyler Europe. “Both buy and sell side firms urgently require this aggregated and consolidated view to power their Pan-European trading activities.”
“Our clients will benefit not only from a fast solution, but also a very flexible and smart aggregation capability which takes advantage of the rich features set of the Skyler C3 Aggregation solutions.”
“We are committed to delivering the best possible solution to our customers, and are therefore delighted to work with Skyler in delivering innovative new services to our customers,” says Hugh Hughes, CEO and chairman, Fixnetix.
“Fixnetix is all about delivering proven, end-to-end performance, and we believe the combination of our ultra low latency market data, direct connectivity and Skyler’s market data analytics will prove a powerful offering for todays market.”
L.D.