MDX Technology, a provider of real-time market data connectivity, celebrated its first birthday this summer with the announcement of client wins in New York, London and Singapore, growing interest from hedge funds and tier one banks in its flagship product MDXT Connect, and plans to further develop the solution.
Regulatory change is pushing the industry towards a central utility model for market and real-time data, according to Alan Dean, global head of cross asset FIX connectivity at HSBC Global Banking and Markets. Speaking at A-Team Group’s Business & Technology of Low-Latency Trading (BTLLT) event in London this week, Dean indicated that the onslaught of regulation is squeezing firms’ budgets and the logical extension of a cost saving approach would be to opt for a utility infrastructure via a consolidated European data centre.
Dow Jones is planning to build its presence in the global foreign exchange (FX) market with a real-time information service that gathers together the editorial resources of its newswires and The Wall Street Journal, and takes advantage of delivery technology developed within its financial markets business. The service, DJ FX Trader, is aimed at the institutional trading community and will, according to Dow Jones, include features and functionality not available from stalwarts Thomson Reuters and Bloomberg.
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
For those of you who have viewed Bloomberg’s moves towards openness to date with a sceptical eye, today’s announcement that it is making its Bloomberg API available to all – free of cost or restrictions – may force a rethink.
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