Fixnetix, a provider of low-latency market data and connectivity, is now providing direct access to, and a direct market data feed from, Hungary-based multilateral trading facility Quote MTF.
Fixnetix connected the first live customers to Quote MTF on its first day of trading. The MTF opened for business on 4 September and completed its full stock rollout on 16 October. The platform now trades all securities eligible for clearing in pan-European central counterparty EMCF from a range of markets, including NYSE Euronext, Nasdaq OMX, Oslo Børs, Deutsche Börse’s Xetra platform, Borsa Italiana and the London Stock Exchange.
Traders use Fixnetix’s 10 gigabit+ point-to-point high-speed fibre network to connect to Quote MTF for execution. According to Fixnetix, the market data feed delivers the data exactly as it leaves Quote MTF with no spikes during high market activity.
“Quote MTF and its no-frills business model is set to play a key role in unlocking further value for the European trading community by reducing complexity and driving costs down through the use and application of standards,” said Fixnetix CEO Hugh Hughes, in a statement.
“Our commitment to end-to-end market data provision ensures that we can provide firms with the fastest access to Quote MTF data, and we look forward to helping our clients connect to this important new pan-European trading venue and benefit from our proven ultra-low latency connectivity.”