The combined service provides vended market data, order execution, pre-trade risk constraints and managed infrastructure globally
London, Mar 14, 2014 - (ACN Newswire) - Object Trading, an independent provider of global Direct Market Access (DMA), has selected MarketPrizm, a leading provider of market data and trading infrastructure services, to offer Object Trading's managed FrontRunner(R) DMA on MarketPrizm's integrated, data enabled platform for buy-side and sell-side firms.
Market participants typically contract for, integrate, and manage software, market data and hardware from separate vendors to achieve an end-to-end market access solution. Now, participants can accelerate time-to-market and reduce the ongoing resource constraints of market access complexity. The integrated solution provides participants with managed network and colocation services, optional hardware provision, and a single gateway for market data and order execution with in-line pre-trade risk constraints on more than 60 equity, derivatives and FX markets globally.
The managed solution provides customers with a choice of deployment models to suit user needs across all major locations in Europe and Asia Pacific. And by decoupling order generation from the integrated, underlying market access infrastructure, the joint solution also provides Direct Market Access for all trading desks and systems, enabling firms to build scalable trading solutions and focus on innovation. The single infrastructure removes the limitations to growth as markets multiply and expand in complexity, allowing firms to access new opportunities with minimal investment.
"A data enabled, managed solution will provide a considerable advantage to financial services firms by helping them avoid significant, up-front investments," said Jay Hibbin, Commercial Director at MarketPrizm. "By combining MarketPrizm's market data and managed infrastructure across Europe and Asia with Object Trading's market access technology and expertise, we make it easier and faster for firms to trade in the markets. This step is in-line with our strategic plan to provide end users with a capability rich ecosystem. We do that by teaming up with parties like Object Trading, who provide clients with fully serviced, on-demand access to markets."
"We have seen sharply increased demand for managing the critical functions that firms had typically controlled in-house to maintain competitive advantage," said Gerry Turner, Executive Director at Object Trading. "Today more than half of the top-tier banks globally use FrontRunner(R), which supports more than USD$100 billion in notional value traded on a daily basis. Together with infrastructure partners like MarketPrizm, we provide a fully managed platform that allows firms to maintain control while gaining competitive advantage, improving profitability and enhancing client experience, and with minimal investment in market data and trading infrastructure integration and management."
About MarketPrizm
MarketPrizm brings together a compelling combination of industry, trading and technology expertise. MarketPrizm is dedicated to helping financial services firms better manage their infrastructure, trading and technology requirements. MarketPrizm offers a range of services which include raw and normalized market data delivered to clients on PrizmNet, the ultra fast and dedicated multi-venue connectivity infrastructure for the financial trading industry. Founded in 2009 by Instinet Holdings LLC, MarketPrizm was acquired by Colt Group S.A. in May 2011. For more information, please visit www.marketprizm.com
About Object Trading
Object Trading delivers sell- and buy- side firms and technology providers a single gateway for connecting to global trading venues. Within its FrontRunner suite of products, the company offers direct market access (DMA) - market data, order execution and pre-trade risk constraints - through an independent and trusted infrastructure. The company's FrontRunner suite allows users to create a bespoke trading solution around their market access with comprehensive, inline risk constraints. Object Trading is connected to more than 60 global equity, derivative and FX exchanges for both market data and order routing, with offices in London, New York, Chicago and Sydney. For more information, please visit: www.objecttrading.com.
For further information contact:Helen ToftColt+44 (0)7855301078Helen.toft@colt.net
Henry ChowInstinctif Partners+852 3791 2289henry.chow@instinctif.com
For Object Trading:Emily PanArticulate Communications+1 (212) 255-0080 x 17epan@articulatecomms.com
Source: MarketPrizm
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