US-based stock exchange group Nasdaq OMX has revealed plans to introduce UltraFeed, a new normalised low-latency data feed covering multiple asset classes.
The customisable feed is scheduled for launch in Q2 2012 and will initially cover North American equities, options, futures, indices and fund data.
UltraFeed will incorporate data from sources including: the Consolidated Tape Association's A and B networks, OTC markets level one and level two and Toronto Stock exchange level one data for equities; the OPRA (Options Price Reporting Authority) basic service for options; futures data from all CME Group exchanges; Dow Jones, BNY Mellon, S&P and Frank Russell indices; and the Mutual Fund Dissemination Service.
“UltraFeed will provide efficient access to market data from multiple North American markets and data sources in a cost-effective manner,” said Brian Hyndman, senior vice president, Nasdaq OMX Global Data Products.
Hyndman added that he expected the data feed to be used by a broad base of customers including retail investors, bulge-bracket banks and high-frequency traders.
UltraFeed is based on the exchange group's INET technology and will initially be made available via market data services provider QUODD Financial Information Services, which has around 550 clients.
“We are pleased to partner with NASDAQ OMX to become UltraFeed’s flagship client,” said Dennis Cassidy, president and CEO, QUODD Financial Information Services. “With UltraFeed as our new data source, we will be vendor-agnostic allowing us to provide our clients with a wider choice of products and services from a broader variety of vendors. UltraFeed also gives us the ability to manage our own ticker plant, ensuring faster processing times and greater reliability.”