Fixnetix and Skyler Launch Ultra Low Latency Direct BBO Feed

Fixnetix and Skyler, financial services firms, have integrated their low latency market data solutions to deliver Europe's first ultra low latency direct BBO feed with full-depth liquidity discovery service that is now available for evaluation and deployment. This hosted aggregated service will benefit a mutual customer base which includes banks, asset managers, hedge funds and exchanges.

Fixnetix and Skyler jointly offer a hosted market data aggregation solution to help customers to more efficiently navigate Europe's increasingly fragmented liquidity landscape. The solution aggregates Level I and Level II market data feeds from the various exchanges and MTFs into a European consolidated tape and quote feed as well as an aggregated full depth order book feed. This new service is based on the Fixnetix low latency market data feeds and excels through aggregation speed, ultimate aggregation flexibility, sophisticated business logic, high levels of data quality, and easy deployment.

The aggregated consolidated tape, quote, and liquidity feeds will be used by buy and sell side firms to establish a new benchmark for Pan-European trading activities. It will provide insights into where trades are being executed in a comprehensive manner, where the best prices can be found, and where the liquidity resides. For the first time, this enables buy and sell side firms to truly trade in a Pan European way and to take advantage of the new offering and cheaper execution services provided by Europes new MTFs. Hedge funds can use the data as a benchmark for their own trading activity and the broker performance and sell side firms have an easy to use means to power their algorithmic trading engines, smart order routers and GUI based trading applications.