Redline announced certification of its Order Execution Gateway solution by the Australian exchange, ASX.
Redline updated InRush™ feed handlers for European trading venues as the industry prepares for MiFID II compliance in January 2018.
Redline announced new InRush™ feed handler for the next-generation binary multicast feed now being rolled out for foreign exchange trading on the Thomson Reuters FX Matching™ platform.
WOBURN, Massachusetts – 1 May 2017 – Redline Trading Solutions, the premier provider of high performance market data and order execution systems for automated trading, today announced its new feed handler for the Quincy Extreme Data™ (QED) feed. QED is distributed by Quincy Data, LLC via McKay Brothers’ microwave links from 18 co-location centers in the U.S., Europe, and Asia.
“The global footprint of QED points of presence leveraging microwave transmission technology, combined with Redline’s ultra-low latency InRush™ feed handlers, provides an integrated market data solution for latency-critical trading applications,” said Mark Skalabrin, CEO of Redline. “When layered with Redline’s Order Execution Gateway, customers gain a fully normalized ultra-low latency end-to-end trading framework.”
Since 2012, Quincy Extreme Data has delivered pricing information, typically at the lowest latencies, on the most actively traded symbols required for market makers and traders of strategies such as statistical arbitrage. Redline’s InRush ticker plant normalizes this data alongside other required market data and forms composite books that benefit a broader set of low-latency trading strategies.
“QED’s growing adoption demonstrates that traders and risk managers increasingly equate ‘quality market data’ with the lowest latency data available,” said Stéphane Tyč, Co-Founder of Quincy Data LLC. “Redline’s support of QED brings a new choice to firms needing a full tick-to-trade solution optimized for speed,” he adds.
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About Quincy Data
Quincy Data, LLC, is the leading microwave distributor of extremely low latency market data. The Quincy Extreme Data service, live since 2012, offers an integrated and normalized feed of select financial market data sourced from multiple exchanges in the U.S., Europe, and Asia. Quincy is dedicated to leveling the playing field for extreme low-latency market data and being the data provider of choice among electronic trading desks of all sizes. www.Quincy-Data.com
About Redline Trading Solutions, Inc.
Redline Trading Solutions, a pre-eminent financial technology firm, empowers trading with high-performance market data and order execution solutions that solve today’s toughest latency and reliability challenges while reducing costs. With offices in Boston, New York, London, Hong Kong and Belfast, Redline’s customers include leading investment banks, brokers, exchanges, hedge funds, and proprietary trading firms.
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