NYSE Technologies, the trading technology division of exchange group NYSE Euronext, has announced that French hedge fund Capital Fund Management has licensed its high-speed, real-time market distribution and integration software.
CFM has replaced its legacy market data distribution system with NYSE Technologies’ Market Data Platform at its New York and Paris operations. NYSE Technologies’ sub-millisecond feed handlers and Middleware Agnostic Messaging API (MAMA) deliver data to CFM’s trading systems, which handle 100% of the firm’s order flow electronically.
“Since we connect to all major US, European and Asian markets, NYSE Technologies was the clear choice considering the breadth of coverage available through its extensive range of feed handlers, its cutting-edge market data distribution platform and comprehensive value-added services,” said Jacques Sauliere, chief operating officer of CFM.
NYSE Technologies provides CFM with connectivity to a mix of direct market data feeds including NYSE OpenBook, NYSE ARCA Options, NASDAQ ITCH and CME Multicast. This is complemented by connectivity to a vendor-consolidated data feed. “The consolidated data feed serves as a back-up, providing the optimal mix of resilience and coverage needed for CFM’s global trading operations,” said Sauliere.
In addition, CFM also uses NYSE Technologies’ Data Access and Reporting Tools (DART) Entitlements to control user and application access to the market data feeds and report on unused or underused market data services.