Market data provider Fixnetix has developed a sub-millisecond data feed for Turquoise, the pan-European multilateral trading facility scheduled for launch at the end of this week.
The feed will provide Fixnetix customers, which include investment banks and hedge funds, with high-speed market data from Turquoise. The connection uses the Fixnetix’s feed handler technology, which the firm says avoids compression algorithms and provides data for the full order book.
Fixnetix joins a range of firms that have connected to Turquoise in the run-up to its launch. These include trading solutions providers Realtime Systems Group and ULLINK, and connectivity providers Atrium Network and Colt.
Turquoise is scheduled for a limited launch on 15 August, when it will start trading 5 stocks in the UK and Germany. Full launch is expected in early September, following a phased introduction of more stocks and markets.