SuperDerivatives, a provider of derivatives data and analytics, will offer its customers a free, real-time cash and derivatives market data platform from Wednesday.
The firm’s new DGX platform is a cloud-based data, news, chat and analysis platform capable of delivering market information to users’ desktops, iPad and mobile devices.
“We believe DGX is set to transform the market data space, enabling us to obtain a significant market share relatively fast and reach a large professional user base in markets across the globe,” said David Gershon, CEO at SuperDerivatives.
The platform offers data on 800,000 bonds, 50,000 stocks, indices and exchange-traded funds, 4,000 credit default swap curves, 500 energy product prices, all metals products, 250 agriculture products, all interest rates and global currencies. DGX also provides access to additional data sources and third-party applications via the DGX Store.
DGX has been in development for over two years and was created as an alternative to legacy systems that market participants consider to be prohibitively expensive, according to SuperDerivatives. Existing clients will not have to pay to use DGX.
“In a market environment where most participants are struggling to pay the high annual fee charged by the large market data firms, DGX leverages cutting-edge technology to deliver a cost-effective alternative,” added Gershon. “No expensive terminals, no complicated codes – DGX enhances trading operations while slashing data spends.”