Fixnetix, a market data, trading and exchange hosting services provider, will provide a direct market data feed from NYSE Arca Europe, NYSE Euronext’s new pan-European multilateral trading facility (MTF), to its clients.
The new data feed will use Fixnetix’s high-bandwidth data provision and feed handler technology, and will provide customers with ultra-low-latency multi-format data from the new MTF, as well as offering a view of its full order book.
NYSE Arca Europe is powered by the Universal Trading Platform (UTP), NYSE Euronext’s new trading system and single access point for all its businesses. The MTF’s trades will be published in real-time, and, thanks to Fixnetix’s feed, traders will receive data the as it leaves NYSE Arca Europe.
“Fixnetix will complement our MTF proposition by providing direct ultra-low-latency market data feeds from our UTP-powered trading platform.” said Cees Vermaas, executive director sales and relationship management, European cash markets, NYSE Euronext, in a statement.
“NYSE Arca Europe will be one of the first services to benefit from the next generation UTP, which ideally complements Fixnetix’s market data approach with its commitment to ultra low latency, maximum throughput and the highest levels of resilience,” added Hugh Hughes, CEO, Fixnetix. “We look forward to introducing new clients and liquidity into this new MTF as it launches on a phased basis throughout 2009.”
On completion of its phased launch, NYSE Arca Europe will offer trading blue chip stocks in 11 European countries outside the four Euronext markets: France, Belgium, the Netherlands and Portugal.