Vhayu, a leader in streaming tick processing and persistence software, today announced the creation of a fixed income market data advisory board. The global advisory board will provide a unique forum for industry participants to contribute to Vhayu’s innovative strategy to drive electronic fixed income trading operations.
Formed in response to current industry trends and increasing customer demand, the advisory board will hold its inaugural meeting in early 2007 to explore the use of the Vhayu VelocityTM market data platform to capture, store, and analyze streaming and historical fixed income market data.
"As fixed income trading begins to more closely resemble equities trading, the ability to capture and store time series market data is becoming a critical factor in profitable fixed income trading operations," said Jeff Hudson, CEO of Vhayu and chairman of the fixed income market data advisory board. "Extending the capabilities of quantitative and electronic trading across multiple asset classes is delivering a competitive advantage to forward thinking firms.
"We have dedicated significant resources to development activities that will deliver substantial new features to increase the speed and ease of implementation for multi-asset class customers,'" Hudson continued. "We are entering this market because our customers are requesting us to do so. We have four tier one investment banks customers who have deployed Velocity to power their fixed income trading."