Activ launches Canadian/US interlisted ActivFeed service

Source: Activ

Activ, a global provider of real-time, multi-asset financial market data and solutions, today announced it has launched a Canadian / US Interlisted ActivFeed service into its Toronto data center from its Metro NYC PoPs.

The new offering, which takes Canadian listings from the US, is a highly optimized, FPGA accelerated, arbitrated broadcast feed. With approximately 40% of trading volumes from Canadian companies trading on US stock exchanges, access to US listed company data is essential for a comprehensive view of the Canadian securities market.

ACTIV's Canadian US Interlisted Feed is optimized for fast, fully redundant multicast UDP delivery over ACTIV's fast lines from New York City and Chicago. The combination of ActivFeed's high quality data stream and small footprint ensures that every message is delivered timely and accurately.

"Market and customer demand for faster access to US securities in Canada led us to add the Canadian ADR activity in a separate channel over ActivFeed," said Will Kennedy, Head of Sales for ACTIV. "As a significant amount of volume for Canadian listings trades on US exchanges, our clients need to see liquidity from both Canadian and US markets to get a full picture. We can deliver low latency local markets in Toronto and match or improve raw US feeds from New York at a low cost. Processing loads are substantially reduced because clients only receive what they require, and the messages only carry what's needed, all at practically no performance cost to native exchange feeds."

ActivFeed is a highly compressed data stream that delivers a high quality tick-stream on every instrument in a small band-width footprint. It plugs directly into a wide variety of third-party applications, databases and messaging middleware through ACTIV's API and can be used for trading applications, tick-capture engines, market screening, portfolio valuations and more. A number of multi-cast data streams are distributed from ACTIV data centers globally, which drives ActivFeed and reduces required bandwidth up to 90%. 

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