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| Thursday, 10 January 2013, 14:30 HKT/SGT | |
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Source: MarketPrizm | |
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| SBI Japannext selects MarketPrizm for high-speed API data feed |
TOKYO, Jan 10, 2013 - (ACN Newswire) - MarketPrizm, a leading provider of ultra-low latency market data and managed infrastructure services, today announced it is providing high-performance market data to SBI Japannext, via its feed handler technology - MarketPrizm API.
MarketPrizm's API offers SBI Japannext, Japan's largest PTS (Proprietary Trading System), a flexible and cost-effective data feed from Japan's primary exchanges for its operational needs. Similarly, MarketPrizm customers are also able to access Raw and MPAPI data from SBI Japannext.
MarketPrizm API normalises exchange data at the source at ultra-low latencies, while capturing all fields that are disseminated via the exchange feed.
The data feed is delivered through MarketPrizm's existing co-location setup with SBI Japannext and fed through PrizmNet, its dedicated low latency financial network. The service is fully-managed, easy to connect to and maintenance free, allowing both SBI Japannext and customers of MarketPrizm to enjoy superior performance, as well as lower costs and overheads.
"We are delighted to be providing SBI Japannext with our market-leading normalised data technology," said Tanuja Randery, CEO of MarketPrizm. "With SBI Japannext connected to PrizmNet, we now offer an expanded range of away data services and low-latency access to exchanges and PTS in the Asia-Pacific region."
Chuck Chon, Co-CEO of SBI Japannext said: "We are very pleased to see Japannext PTS data being distributed through MarketPrizm's premier feed handlers to our global participants. Since end users of our data will be selecting MarketPrizm's ultra-low latency and high performance platform for their market data requirements, it made sense for us to assess MarketPrizm's products for our own internal market data needs. As a PTS operator in Japan, it is extremely critical for our business to receive accurate data as quickly as possible from the primary exchange, and we discovered that MarketPrizm's products and services satisfied our strict standards and requirements."
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 SBI Japannext
SBI Japannext is the largest Proprietary Trading System (PTS) venue in Japan with current market share of 5-6% of Tokyo Stock Exchange (TSE). With 21 active global and local member firms whose combined TSE market share is over 82%, SBI Japannext continues to live by its principle to create meaningful economic benefits for Japanese capital market participants through global standard technology, best execution through smaller tick sizes, and exceptional value proposition in services and lower trading fees. For more information, please call +81-3-4577-4061, or visit http://en.japannext.co.jp/ .
Connect with Japannext PTS at https://www.facebook.com/JapannextPTS
For further information, please contact:
MarketPrizm
Helen Toft
Tel: +44 (0)7855301078
Email: helen.toft@colt.net
College Hill for MarketPrizm
Henry Chow
Tel: +852 3791 2289
Email: henry.chow@collegehill.com
Matthew Schultz
Tel: +852 3791 2032
Email: matthew.schultz@collegehill.com
Topic: New Service
Source: MarketPrizm
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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