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Risk Management

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NYSE Technologies Offers Real-Time Market Data And Analysis Tool In Microsoft Excel

Thanks to a strategic partnership, the new data analysis tool will allow traders to stream and analyze real-time normalized market data directly in Microsoft Excel 2010.

NYSE Technologies, the commercial technology unit of NYSE Euronext, and MDX Technology Ltd. announced a strategic alliance to provide MDXT ConnectExcel, a new data analysis tool that allows traders to stream and analyze real-time normalized market data directly in Microsoft Excel 2010.

MDXT ConnectExcel allows for subscription and publication of data via the NYSE Technologies Middleware Agnostic Messaging API (MAMA) platform, enabling traders and analysts to consume and publish real-time market data directly on Microsoft Excel.

MDXT ConnectExcel allows enterprises to further utilize the high-performance NYSE Technologies Feed Handlers and Data Fabric middleware, NYSE pointed out in a release.

Normalized market data can be brought directly to Excel where native features such as large spreadsheet support and multi-threaded recalculation facilitate decision-making for traders and analysts.

MDXT ConnectExcel caters for highly efficient data management through the use of intelligent caching and takes advantage of the latest enhancements in Excel. In addition to MAMA, multiple data sources are supported by MDXT ConnectExcel including Reuters, Bloomberg and TIBCO.

Users can also benefit from the Windows High Performance Computing Server to burst into Excel and offload parallel calculations to on-premises and cloud-based server resources. This gives financial professionals the ability to execute complex algorithms on large datasets, combining desktop and distributed computing.

"Traders rely on their ability to make fast, strategic decisions with information grounded in a diverse, reliable analysis of the market," said Stanley Young, CEO, NYSE Technologies. "NYSE Technologies is committed to providing our customers with the market data and technology necessary to make those decisions more effectively. MDXT ConnectExcel will give them a powerful tool to better utilize the software they already use with data delivered by our industry-leading products."

"Our pricing and risk platform is constantly evolving, and providing the traders and financial engineers with the ability to incubate new risk models is absolutely critical to our business," said Harish Rao, group head of pricing and risk, CMC Markets (a user of NYSE Technologies MAMA, MDXT ConnectExcel and Excel).

"We are faced with the daunting challenge of managing subscriptions to tens of thousands of instruments across a diverse set of asset classes, ranging from FX to commodities, indices and equities. MDXT worked very closely with us to understand our specific requirements, and its expertise in handling extremely large volumes of data on the desktop has been invaluable in implementing the technology in CMC Markets." Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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