Quote MTF data feed connects to Bloomberg Professional

Source: Quote MTF

Quote MTF, a next generation lit trading venue for Pan-European equities, today announced that its market data feed is connected to the Bloomberg Professional service.

The Quote MTF feed enables the streaming of real-time quote and trade data, enabling users of the Bloomberg Professional service to take advantage of the trade opportunities in the European market's healthy fragmentation with reduced trade latency. Quote MTF data will also be included in the MDM European composite, the Bloomberg Professional service's consolidated feed.

Christian Bower, commercial director, Quote MTF, comments: "Quote MTF is a new breed of Multilateral Trading Facility based on a highly-efficient, standards-based business model. In the market data arena, partnering with heavyweight data vendors like Bloomberg is crucial if market participants are to benefit from ease of access, reduced costs and improved transparencies.

Quote MTF has also implemented Bloomberg's Global Identifiers (BBGID) in its static data, as a financial instrument identifier associated with all Quote MTF securities, and has been granted the vendor suffix '.QM'. The BBGID is a 12 digit alphanumerical security identifier that is maintained on the Bloomberg database and is automatically assigned to each security traded on Quote MTF.

Peter Warms, Head of Bloomberg's global identifiers and symbology, comments: "We are excited to be part of Quote MTF's release, making its data available through the Bloomberg Professional service. The BBGID is a logical solution for all exchanges and platforms since it is a key distinguishing factor for the listing level. The market also supports this type of unique identification, as well as an identifier that remains unchanged once assigned."

Bloomberg Professional service users can access Quote MTF's data at MOST QM.

Quote MTF's market data strategy is to offer an industry-standards open source approach and no-cost market data.

Quote MTF and its ThymeX matching engine, which has been tried, tested and proven in the Canadian markets via Omega ATS, is a fast, resilient and highly scalabble trading environment. Requiring only a fraction of Europe's liquidity for the company to breakeven, this next-generation venue promotes sustainable market-wide competition in a post-MiFID world. Quote MTF offers no charge, but no rebates, for passive liquidity choosing to pass these savings straight on to end clients who take from the order book. Quote MTF announced in September it has secured a consortium of Liquidity Providers and has capped commission fees for all subscribers at €14,000 from now until 2012.

 

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