The NASDAQ OMX Group, Inc. plans to introduce UltraFeed, a data feed that aggregates all North American equity, options, futures and index data feeds.
“UltraFeed will provide efficient access to market data from multiple North American markets and data sources in a cost effective manner,” says Brian Hyndman, senior vice president of NASDAQ OMX Global Data Products. “UltraFeed is NASDAQ OMX’s latest premier market data product that’s being designed to meet the evolving needs of market data vendors and consumers.”
Initially, UltraFeed will be delivered to QUODD Financial Information Services, a market data provider, which then will provide it to approximately 550 downstream client firms who, in turn, feed thousands of end-users.
“With UltraFeed as our new data source, we will be vendor agnostic allowing us to provide our clients with a wider choice of products and services from a broader variety of vendors, says Dennis Cassidy, president and CEO of QUODD Financial Information Services. UltraFeed also gives us the ability to manage our own ticker plant, ensuring faster processing times and greater reliability.”
NASDAQ OMX expects UltraFeed to be in production in the second quarter of 2012.
(CG)