Market infrastructure is evolving at a pace that even the most technology-savvy financial institutions find challenging. New execution venues are popping up everywhere fragmenting liquidity and creating cross-dependencies between primary and derivative marketplaces. The move to fast markets and trading automation is cutting response times and increasing data volumes. Markets have shown a 70% increase in volume over the last year alone.
Update latencies of less than 10 microseconds are now possible — even commonplace. Market data rates in excess of 20 billion update messages per day are on the near horizon. With a universe of more than 250 real-time markets trading in excess of 40 million instruments and derivatives, developing and delivering a market data system for today’s markets is, at best, problematic.
Never before have financial institutions faced a more pressing need for flexible data acquisition solutions. And the requirement applies across the board: From the largest tier 1, bulge bracket firms, to the pluckiest speciality execution firm, firms of all shapes and sizes are seeing the market data management requirement leap to the top of their priority lists.
This white paper provides an analysis of the challenges facing market data technologists everywhere. It looks at the platform requirement, outlines total cost of ownership considerations, and discusses the relative merits of a managed or hosted service approach like NYSE Technologies’ SuperFeed™.
Source: A-TEAM November 2009
Market Data Managed Services: Performance_and_Efficiency Oct.2009 A-TEAM & NYSE Technology
Filed under: Data Management, Data Vendor, Library, Market Data, News, Reference Data, Standards , A-TEAM, Algo Trading, Data Management, Data Vendors, Derivatives, DMA Direct Market Access, Equity, Low Latency, Market Data, NYSE Euronext
