Thomson Reuters has launched a new ultra low latency market data solution to the International Securities Exchange (ISE). Through Reuters Data Feed Direct, clients can access ISE’s Depth of Market Feed which provides increased trading opportunities within the equity options market by disseminating five price levels aggregated by quantity.
Markets participants can deploy the new solution from within their own premises, co-located at the exchange or at Thomson Reuters hosting centre. Engineered with very low standard deviation across current and forecasted market data rates, the new data feed is targeted at high frequency and algorithmic trading.
“ISE is committed to providing low latency, direct access to our market data for active trading firms looking to improve their market making efficiencies and enhance their trading decisions,” says Jeff Soule, head of Market Data at ISE. “We are excited to have Thomson Reuters provide an off-the-shelf interface using Reuters Data Feed Direct to reduce development and maintenance efforts for their customers that require a low latency solution.”
“With the continued growth in algorithmic trading in the equity options markets, exchange order book depth is becoming increasingly important and Thomson Reuters continues to provide low latency access to that deep liquidity for automated trading applications,” says Scott Kennedy, global business manager, direct feeds, Thomson Reuters. “We see our relationship with the ISE as an endorsement of the success of our low latency solutions with global execution venues.”
D.C.