Market data technology vendor HyperFeed has joined the Liberty Alliance consortium in an effort to lead the securities industry in an initiative to implement a standards based, federated network identity system.
The Liberty Alliance Project was recently lauded by the US bank-backed Financial Services Technology Consortium (FSTC) for its efforts in creating secure single sign-on standards for consumer and business use over the Internet.
HyperFeed says it will be looking at the application of the Liberty Alliance ID specifications to simplify and secure the process of conducting securities business online.
Paul Pluschkell, HyperFeed's president and COO, says: "Standards based identity structures for entitlements and reporting will allow for tremendous opportunities to inter-connect liquidity pools, which is only possible when common standards like IP, agnostic technologies and identity solutions like the Liberty Alliance Project are made available."
Seperately, the vendor is reporting a multi-year agreement to provide First Options of Chicago (FOC) with ticker plant technology and exchange information for use with institutional level trading applications like Microhedge.
HyperFeed is remotely managing several H!BOX units that will be installed on-site at FOC. It is also providing consolidated exchange information including CME, CBOT, Nyse, Nasdaq, AmEx and Options data.
The agreement follows on the heels of HyperFeed's recently announced contracts with FOC neighbours the Chicago Board Options Exchange (CBOE) and OptionsXpress.