Tenfore Systems, a provider of market data feeds and applications, says that Alex, the online brokerage division of Rabobank Nederland, has expanded its contract to receive market data from 16 additional European and US exchanges.
Tenfore is now Alex’s sole provider of equities, futures and derivatives data for all key European and US markets. In addition to supplying Alex with content sets from its existing portfolio, Tenfore is adding Bourse de Luxembourg and Wiener Brse onto its general data feed as part of this contract.
“By consolidating our market data requirements, we can maximise our budget and ensure we receive a consistent service,” says Ren Frijters, managing director, Alex. “We chose to extend our partnership with Tenfore because it has proven to be a provider of fast and resilient data feeds and we have benefited considerably from the company’s flexible attitude and its understanding of our business. We were particularly impressed by Tenfore’s willingness to source the Luxemburg and Austria data specifically for us.”
Through a deal that began in 2000, Alex collects the data feeds via satellite and uses Tenfore’s Ticker Application Programming Interface (API) to integrate them into its online trading applications, Alex and Alex Pro. The Ticker API provides a “development environment” for applications that need to access Tenfore’s streaming raw data feed. Alex combines this with Tenfore’s FeedDisseminator for a distribution channel between Alex and Tenfore. The FeedDisseminator provides an automatic fail-over capability by switching to an Internet feed in the case of a disruption to the satellite signal.
Frijters adds: “We have over 80,000 clients who rely on the data we provide for their trading requirements. It is therefore vital that we can integrate data feeds easily and effectively into our own applications and Tenfore’s ability to facilitate this was a key factor in our decision to extend the contract.”