Nyfix has licensed Beast Financial Systems' new equity trading system (ETS) to offer clients real-time streaming market data, analytics and advanced electronic order handling capabilities via thin-client technology.
Nyfix plans to include a white-labeled version of the ETS product in its offerings to certain market segments, allowing market data to be compressed and distributed via a low-bandwidth connection.
According to Nyfix, ETS will enable it to offer industry participants an integrated execution service and market data solution through a single, cost-effective trading application.
The product will be offered along with connectivity to the Nyfix network.