NYSE Technologies, the commercial technology unit of NYSE Euronext, and 4th Story have entered into an agreement to make 4th Storys customizable modular algorithmic trading strategy software available as a hosted service within NYSE Technologies Secure Financial Transaction Infrastructure (SFTI) Integrated Partner Solutions platform.
The relationship will create a completely hosted and fully managed offering that includes the key components of an algorithmic trading environment, including low-latency depth of book market data via NYSE Technologies SuperFeedSM and a FIX messaging infrastructure with optional mutli-market risk management tools via NYSE Technologies SFTI Sponsored Market AccessSM.
Working with 4th Story highlights our commitment to bringing the kinds of electronic trading services previously enjoyed by a select few to a much broader audience of users, says Murray White, senior vice president, NYSE Technologies. 4th Story is a natural partner for us as we begin working with customers to implement this highly-accessible technology. This collaboration promises to add considerable value for any size firm connected to our SFTI network and our innovative SFTI Integrated Partner Solutions environment.
This joint effort allows firms to get into algorithmic trading with an approachable, comprehensive, best of breed solution, says Steve Smith, CEO, 4th Story. In addition, our flexible platform and consultative, highly customer-focused approach means that firms can easily tailor their algorithms to their needs, or those of their customers, to compete more effectively. 4th Story is excited to work with NYSE Technologies to bring this carefully developed, intelligently-designed solution to the marketplace.
L.D.