eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology for the global capital markets, announced today the availability of its new connection to Eurex’s recently upgraded market data feed for users of its Ecco product suite.
The new ‘Eurex Socket Data Feed’ is a high performance data feed through which Eurex distributes market data in the form of un-netted price chains for order book depth in real-time, offering significantly faster throughput times.
Primarily designed to meet the needs of algorithmic trading and wider automated trading in general, the feed gives EccoPro users ultra-fast data across all trading modules including the EccoSpreader and ‘black box’ trading applications written to the EccoAPI. The result is lightening- fast responsiveness and less slippage.
David Hall, Global Head of Sales at eSpeed Futures, said “The upgraded data feed puts Ecco’s high-frequency spread and automated trading customers even further ahead on speed. Combined with powerful trading tools, such as the EccoSpreader, the new feed gives our customers even more competitive edge.”
