Reuters to deliver Skyler order book system

Source: Skyler Technology

Skyler Technology, Inc., an innovator in providing ultra low latency trading solutions, announced that it has entered into a partnership with Reuters to make available Skyler's aggregated Order Book Solution to Reuters Data Feed Direct customers.

As trading applications require faster insights into fragmented liquidity sources, integrating Reuters low latency offerings, Reuters Data Feed Direct (RDFD) and Reuters Market Data System (RMDS) with Skyler's order book aggregation capabilities results in an efficient and fast solution to source and manage liquidity. The integrated system is optimized to power algorithmic trading and smart order routing applications.

The Skyler C3 Order Book can aggregate direct data feeds via RDF-D for all North American venues. It maintains the full depth of all order books in real time with a latency of only a few microseconds. In addition, the system supports multiple aggregation types and can drill down into individual price levels.

Partnering with Reuters is a beneficial move for Skyler as it aims to establish its Skyler C3 Order Book capability as the worldwide standard for liquidity discovery. Steve Cooper, CEO of Skyler, explains, "Skyler is excited about the arrangement with Reuters and our combined ability to increase trading efficiency and liquidity management for Reuters customers. Reuters has provided us with great support, which was instrumental in the integration of the products, allowing us to arrive very quickly at a complete product offering."

Bill Ruvo, Vice President, Reuters Datafeeds, said, "We are pleased to be able to offer Skyler's leading technology to our customers. We are confident that this partnership will bring value to our growing direct feed customer base as they strive to improve trading efficiency and gain a competitive advantage by accessing fragmented liquidity."

The combined product offering is expected to be available in early Summer 2007.

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