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Selerity expands market data coverage

27 June 2012  |  1181 views  |  0 Source: Selerity

Selerity, a provider of real-time event data solutions for the financial services industry, today announced the expansion of its macroeconomic event data coverage in both developed and emerging markets.

By expanding its international coverage, Selerity is able to serve a broader customer base engaged in foreign exchange and sovereign debt trading.

"Central bank rate decisions and macroeconomic reports can have a global impact given how tightly correlated markets have become," said Ryan Terpstra, Founder and CEO, Selerity. "Obtaining immediate access through a clear latency advantage to these data points is a natural extension of Selerity's existing global strategy."

"Event-based trading community members are finding it increasingly challenging to differentiate themselves by only playing in the domestic markets," said Brendan Gilmartin, Vice President, Content and Research, Selerity. "By delivering additional event data at low latency for countries outside the G-7, market participants are now able to broaden their strategies and more effectively manage risk."

As global market-moving events have the ability to greatly impact investment portfolios, automated traders need a way to hedge risk while diversifying trading strategies. Through Selerity's expanded offering, event-based traders are now able to further enhance their strategies by incorporating new data into their algorithms in order to leverage opportunities in more liquid international markets.

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