Skyler and Fixnetix team on hosted aggregated order book service

Source: Skyler Technology

Skyler Technology Europe, an innovator in ultra low latency market data solutions for the capital markets, today announced its partnership with Fixnetix, a leading provider of low latency market data and trading infrastructure connectivity to financial institutions.

Skyler and Fixnetix will jointly offer a hosted aggregated order book service which benefits a mutual customer base including leading banks, asset managers, hedge funds and exchanges.

The Skyler C3 Liquidity Discovery solution aggregates the fragmented liquidity information delivered on the Fixnetix ultra low latency market data feeds into virtual aggregated order books to power smart order routing, algorithmic trading, and GUI based trading applications. This managed service features the following key benefits:

  • Ultra-low latency solution for fastest decision making
  • Flexibility to request customer specific aggregated order books
  • Low total cost of ownership (TCO)
  • Significantly reduced time-to-deployment
  • Ease of integration by leveraging standard messaging infrastructure

Valerie Bannert-Thurner, managing director of Skyler Europe, said, "We are excited to be collaborating with Fixnetix in a way which we believe will provide our clients with a competitive edge over their peers. Hosting a service offering with Fixnetix is a great opportunity for Skyler to build on the good traction in the European markets and to open up our service offering to new market segments."

Hugh Hughes, CEO and chairman of Fixnetix, said, "With the increasing liquidity fragmentation in the European market space, we're seeing greater demand for a fast and flexible aggregated order book solution. We are committed to delivering the best possible solution to our customers, and are therefore delighted to work with organisations such as Skyler in delivering innovative new services to our customers. Fixnetix is all about delivering proven, end-to-end performance, and we believe the combination of our minimal latency connectivity and Skyler's market data analytics will prove a powerful offering for today's market."

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