WOBURN, Massachusetts – January 29, 2015 – Redline Trading Solutions, the premier provider of ultra-low latency market data and order execution systems, today announced with IEX the support of IEX Top of Book Quote Feed (TOPS) in the InRush 3 Ticker Plant and in the normalized RedlineFeed.
IEX, a fair access equity trading venue, will begin offering this aggregated view of quotations in its marketplace on February 27, 2015, with no subscription fees to IEX required, as one step toward previously announced plans to become a registered exchange. TOPS is designed to afford market participants greater control to display their orders on IEX, and it positions IEX for further integration into a broad range of trading strategies, including liquidity-seeking strategies that react to quotations.
“We are excited that market participants can easily receive TOPS data by subscribing to the RedlineFeed fully managed service," said Rob Park, Chief Technology Officer and Co-Founder of IEX Group. “This is a natural extension of our relationship, as Redline’s ultra-low latency ticker plant is a key component of our award-winning True Price technology, which enables IEX to deliver price protection, higher-quality executions and a fairer trading experience for our participants.”
“Redline has led the market in providing an ultra-low latency synthetic NBBO, which can now be enhanced with insights on pricing at IEX for best execution of orders,” said Mark Skalabrin, CEO of Redline Trading Solutions. “We have worked closely with IEX since their inception and are pleased to be able to provide our TOPS feed handler to the many firms who are requesting it for trading.”
Redline Trading Solutions, Inc. – Intelligent Trading. Faster™
Redline Trading Solutions provides leading-edge intelligent trading solutions that solve the toughest latency, throughput, and cost challenges for the world’s most successful investment banks, brokers, exchanges, hedge funds, and proprietary trading firms.
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IEX – A Market That Works For Investors™
Dedicated to institutionalizing fairness in the markets, IEX provides a more balanced marketplace via simplified market structure design and cutting-edge technology. IEX offers a fair-access platform to any qualified broker dealer. IEX is the first equity trading venue owned exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices. www.iextrading.com