On Wednesday, Arcontech, a developer of market data software, said that its CityVision suite is the fastest application on the market for publishing prices and other data in real time.
"In today's electronic markets with increasing volumes and high levels of algorithmic trading, speed and throughput are essential since having prices that are 'behind the market' by even a fraction of a second can prove costly. The lower the latency, the more accurate the data is for the user and the lower the risk to the institution," explains Andrew Miller, managing director, Arcontech. CityVision demonstrates latency under 100 microseconds, he says.
Continuous upgrades will ensure that CityVision can address new opportunities and requirements such as MiFID price transparency, best execution and the burgeoning on-line trading markets, the firm adds. Its technology has recently been selected for on-line trading and price distribution at two new London-based dealing operations, which are yet to be announced but plan to go live later this year.