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Fixnetix, the leading provider of ultra-low latency market data and trading infrastructure connectivity services, has announced that it connected the first live customers to QUOTE MTF - the new European multi-lateral trading facility launched last month - on its first day of trading. Fixnetix now offers direct trading access to QUOTE MTF, with traders able to use Fixnetix's 10GB+ point-to-point high-speed fibre backbone network to connect to the QUOTE MTF alternative trading platform, which now carries all the EMCF-eligible securities from a range of markets including NYSE Euronex, NASDAQ OMX, Oslo Børs, Xetra, Borsa Italiana and the LSE.
Fixnetix also offers a direct market data feed from QUOTE MTF, taking advantage of high bandwidth provision to provide traders with data exactly as it leaves QUOTE MTF, with every tick every time and no spikes in times of high market activity.
"We are delighted that Fixnetix - a widely acknowledged low latency provider in the financial services sector - is partnering with QUOTE MTF and providing its clients with high speed access to our platform. In fact it was a Fixnetix connection that allowed our first clients to trade the very first trade on QUOTE MTF on our first day of trading," commented QUOTE MTF's Chief Executive Officer, Tamás Madlena.
"It's also great news that Fixnetix has added QUOTE MTF to its portfolio of exchange and alternative venue market data offerings, providing another important route for investors to gain ultra-low latency access to our pan-European market data and trading information," he continued.
"QUOTE MTF and its no-frills business model is set to play a key role in unlocking further value for the European trading community by reducing complexity and driving costs down through the use and application of standards," added Fixnetix's Chief Executive Officer, Hugh Hughes. "Our commitment to end-to-end market data provision ensures that we can provide firms with the fastest access to QUOTE MTF data, and we look forward to helping our clients connect to this important new pan-European trading venue and benefit from our proven ultra-low latency connectivity."
QUOTE MTF's proprietary matching engine offers high throughput at ultra-low latency for subscribers that can be accessed via DMA and sponsored access. Trading is anonymous with a strict price/time priority-matching algorithm used in the open order book. Industry standard FIX 4.2 and ITCH 3.0 are used for order and data communication respectively.
Fixnetix's direct ultra low latency market data feed solutions have been designed to be fast, reliable and flexible, featuring best-of-breed high performance feed handler technology, dual ticker plants technology and unparalleled high bandwidth provision. Fixnetix's feeds are available in multiple formats for quick and seamless integration, offering full redundancy throughout the entire delivery mechanism, and are provided on-the-wire reducing support and implementation costs and timeframes.
