Gissing Software, a market data solutions provider, has launched the Gissing Hedge Fund Market Data System, a market data integration platform for hedge funds. According to the firm, the solution allows hedge funds to integrate advanced algorithmic trading techniques and strategies with trades on existing trading systems, and market data from the trader’s desktop terminal.
The launch of the new service, said Gissing, follows demand from the hedge fund industry for cost-effective, scalable, low-latency market data infrastructures that can integrate with the Bloomberg Trading System, commonly used by buy-side firms today.
Gissing added that the platform allows smaller firms to begin to integrate algorithmic techniques, which can help them grow and give them a competitive edge. The platform is also upgradeable, and the firm believes it provides a stepping stone for companies migrating from one infrastructure to another as they grow.
“The adoption of low-latency algorithmic trading strategies has moved beyond just large sell-side firms,” said Mary Knox, research director of IT consultancy Gartner, in a statement. “Critical for the support of these strategies is cost-effective infrastructure that enables real-time analysis of market data and integration with trading systems.”
Mike Vieyra, CEO, Gissing Software, added,
“We have had a lot of interest from buy-side firms who have been demanding an intermediary platform from which to build their operations and grow their business. The Gissing hedge fund market data system will enable hedge funds to use this core infrastructure alongside existing systems to help perfect trading strategies. We anticipate this integrated approach will also help enhance the performance of funds’ algorithms over time.”