Exegy has expanded its consolidated market data feed, Axiom, to include coverage of key exchanges in the Middle East.
As part of the expansion, Axiom’s network now includes Saudia Arabia (TASI), Qatar (QSE), Kuwait (KSE), Abu Dhabi (ADX), and Dubai (DFM).
Enabled through the firm’s London points of presence (PoP) in Equinix’s LD4 and Digital Realty’s LON2 data centres, the addition of these exchanges is expected to bolster Exegy clients’ access to global, low-latency, normalised market data via API delivery.
“With the growing need to always access more asset classes and geographies, firms are relying more than ever on third parties to bring fragmented market data where they have their operations. The need for quality Middle East market data to be available in London is a priority for our clients,” said Arnaud Derasse, chief technology officer at Exegy.
Read more – EuroCTP selects Exegy as technology provider for EU shares and ETFs consolidated tape
The expansion also builds on Exegy’s current Middle East and Africa regional coverage, which spans the Johannesburg Stock Exchange (JSE), Tel Aviv Stock Exchange (TASE), and Borsa Istanbul (ISE).
Specifically, the new coverage is set to support clients looking to navigate the changing modern trading ecosystem, by providing capabilities such as flexible connection, global normalised coverage, low-latency, high performance market data delivery, transparency and global support service.
Derasse added: “The need for transparency in the way the data is being delivered, the quality of the technology stack and the latency of such market data is more important than ever as firms need to focus on execution and trading strategies, while relying on Exegy’s robust, low-latency market data as the bedrock of their trading platforms.”