Global technology provider SunGard has installed new market data distribution (MDD) servers for its GL Net market data and order routing network, which it claims will improve the performance of automated trading systems.
According to SunGard, GL Net clients will have access to highly scalable and enriched market data flows that are delivered at a microsecond level. The new servers also have the capabilities to manage volume spikes in turbulent conditions.
The improved MDD servers will be implemented throughout the coming year, eventually replacing all of SunGard’s existing market data servers.
“A consequence of the fragmentation of liquidity in the US and Europe has been that market data volumes have increased sharply,” said Vincent Burzynski, chief product officer at SunGard’s global trading division, in a statement. “SunGard’s customers need not only smart order routers and automated trading systems, but also market data distribution servers able to operate with ultra-low latency.”
Sungard acquired the GL Net network when it bought trading technology company GL Trade in November 2008.